The 'Food and Agriculture Organization' is headquartered in: MCQ with Answer and Explanation

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The 'Food and Agriculture Organization' is headquartered in:

A. Rome

B. New York

C. Vienna

D. Geneva

Answer: Option A

Solution (By JKSSB Mock Tests)

The Food and Agriculture Organization is headquartered in Rome, Italy.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'liquidity trap' causes which policy to become ineffective?

A. exchange rate policy

B. fiscal policy

C. expansionary monetary policy

D. trade policy

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Correct Answer: Option C

Explanation:
In a liquidity trap, interest rates are near zero and monetary expansion does not lower rates further, making monetary policy ineffective.

This question belongs to: Economy GK Economy Set 1

Question #2

If nominal GDP is Rs 12,500 crore and real GDP is Rs 10,000 crore, the GDP deflator is:

A. 125

B. 150

C. 100

D. 80

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Correct Answer: Option A

Explanation:
GDP deflator = (12500/10000) × 100 = 125.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Reverse Repo Rate' is used by the RBI to:

A. Fix the long-term interest rates only

B. Determine the fiscal deficit

C. Inject liquidity into the system

D. Absorb excess liquidity from the banking system

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Correct Answer: Option D

Explanation:
Under the reverse repo window, the RBI absorbs excess liquidity from banks by borrowing funds from them at the reverse repo rate.

This question belongs to: Economy GK Economy Set 1

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