The 'Inter-American Development Bank' is headquartered in: MCQ with Answer and Explanation

Question
The 'Inter-American Development Bank' is headquartered in:
A. Washington D.C.
B. Brasilia
C. Mexico City
D. New York
Answer: Option A
Solution (By JKSSB Mock Tests)
The Inter-American Development Bank is headquartered in Washington D.C.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of 'Algorithmic Pricing'?
A. Prices that never change
B. The use of algorithms to set prices automatically, potentially leading to tacit collusion or rapid price adjustment
C. Only cost-plus pricing without data
D. Only manual price setting by humans
Discuss
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Correct Answer: Option B

Explanation:
Algorithmic pricing employs software algorithms that automatically adjust prices in response to demand, competitor prices and other data; under certain conditions it can facilitate tacit collusion or increase price volatility.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' on ice cream is:
A. 12%
B. 28%
C. 5%
D. 18%
Discuss
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Correct Answer: Option D

Explanation:
Ice cream attracts 18% GST.
This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Interoperability' in digital markets refers to:
A. Only the absence of any data sharing
B. Only the proprietary control of all interfaces
C. The complete isolation of platforms
D. The ability of different systems, platforms or services to work together and exchange information
Discuss
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Correct Answer: Option D

Explanation:
Interoperability is the capacity of different digital systems or platforms to communicate, exchange data and use the exchanged information, which can reduce switching costs and increase contestability.
This question belongs to: Economy GK Economy Set 1
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