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

Question
The 'Food and Agriculture Organization' is headquartered in:
A. New York
B. Rome
C. Vienna
D. Geneva
Answer: Option B
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 'Goods and Services Tax' was implemented in India from which date?
A. 1 July 2017
B. 1 April 2016
C. 1 April 2017
D. 1 January 2017
Discuss
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Correct Answer: Option A

Explanation:
GST was implemented on 1 July 2017.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Real Business Cycle' theory?
A. Sticky prices are the main source of fluctuations
B. Business cycles are primarily caused by monetary shocks
C. Business cycles are primarily driven by real shocks, especially technology shocks
D. Fiscal policy is the primary driver of cycles
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Correct Answer: Option C

Explanation:
Real Business Cycle theory attributes macroeconomic fluctuations mainly to real shocks, particularly technological disturbances, under the assumption of continuous market clearing and rational expectations.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a type of economic system?
A. Socialist economy
B. Mixed economy
C. Barter economy as a complete system classification
D. Capitalist economy
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Correct Answer: Option C

Explanation:
Economic systems are classified as capitalist, socialist and mixed based on ownership and resource allocation. Barter is a method of exchange, not a complete economic system classification.
This question belongs to: Economy GK Economy Set 1
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