The 'International Bank for Reconstruction and Development' and International Development Association together are called: MCQ with Answer and Explanation

Question

The 'International Bank for Reconstruction and Development' and International Development Association together are called:

A. United Nations

B. IMF

C. World Bank Group

D. World Bank (narrowly)

Answer: Option D

Solution (By JKSSB Mock Tests)

IBRD and IDA together are often referred to as the World Bank.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'World Economic Forum' publishes the Global Gender Gap Report.

A. True

B. Only for developing countries

C. Only in alternate years

D. False

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Correct Answer: Option A

Explanation:
WEF publishes the Global Gender Gap Report.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Sukanya Samriddhi Yojana' is a savings scheme for:

A. unemployed youth

B. senior citizens

C. farmers

D. girl child

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Correct Answer: Option D

Explanation:
Sukanya Samriddhi Yojana is a savings scheme for the girl child.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of behavioural finance, the 'Disposition Effect' refers to:

A. The tendency to sell losers and hold winners

B. Only the effect of taxes on trading

C. The tendency of investors to sell winning investments too early and hold losing investments too long

D. Perfectly rational realisation of gains and losses

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Correct Answer: Option C

Explanation:
The disposition effect is the empirical regularity that investors are more likely to realise gains than losses, consistent with prospect-theory value functions and the reluctance to admit mistakes.

This question belongs to: Economy GK Economy Set 1

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