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

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The 'Inter-American Development Bank' is headquartered in:

A. Washington D.C.

B. Mexico City

C. New York

D. Brasilia

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 NOT a function of SEBI?

A. Protecting the interests of investors

B. Issuing currency notes

C. Regulating the securities market

D. Promoting the development of the securities market

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Correct Answer: Option B

Explanation:
Issuing currency notes is the function of RBI. SEBI regulates the securities market, protects investors and promotes the orderly development of the capital market.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'repo' in monetary policy means the RBI:

A. purchases securities from banks with an agreement to sell them back later

B. borrows from foreign central banks

C. sells securities to banks and agrees to repurchase them later

D. gives unsecured loans to banks

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Correct Answer: Option A

Explanation:
In a repo, the RBI purchases securities from banks with an agreement to resell them later, injecting liquidity.

This question belongs to: Economy GK Economy Set 1

Question #3

Tax revenue of the central government is classified under:

A. borrowings

B. non-tax revenue

C. revenue receipts

D. capital receipts

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Correct Answer: Option C

Explanation:
Tax revenue is a revenue receipt.

This question belongs to: Economy GK Economy Set 1

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