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. New York

B. Mexico City

C. Washington D.C.

D. Brasilia

Answer: Option C

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

The term 'Base Money' or 'Reserve Money' consists of:

A. Currency in circulation plus bankers' deposits with RBI and other deposits

B. Only demand deposits

C. Only time deposits of banks

D. Only currency with the public

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Correct Answer: Option A

Explanation:
Reserve money (monetary base) includes currency in circulation, bankers' deposits with the RBI and other deposits with the RBI.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Fiscal Dominance' refers to:

A. The absence of any deficit

B. Complete independence of the central bank

C. Only the dominance of monetary policy

D. A situation in which fiscal policy constraints force the monetary authority to monetise deficits

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Correct Answer: Option D

Explanation:
Fiscal dominance occurs when the fiscal authority’s need to finance deficits constrains or dictates the behaviour of the monetary authority, often leading to inflationary monetisation.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of monetary policy, the Liquidity Adjustment Facility (LAF) is used by RBI to:

A. Manage short-term liquidity in the banking system

B. Provide long-term loans to industry

C. Fix the fiscal deficit target

D. Determine tax rates

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Correct Answer: Option A

Explanation:
LAF allows banks to borrow money through repurchase agreements (repo) or park excess funds with RBI (reverse repo) to manage day-to-day liquidity mismatches.

This question belongs to: Economy GK Economy Set 1

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