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. World Bank Group

B. United Nations

C. IMF

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Goods and Services Tax' on export of services is:

A. 5%

B. zero-rated

C. 18%

D. 28%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Export of services is zero-rated under GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

In the context of Indian planning, the first Five Year Plan was based on which model?

A. Mahalanobis model

B. Harrod-Domar model

C. Solow model

D. Lewis model

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The First Five Year Plan (1951-56) was based on the Harrod-Domar model which emphasised the role of savings and investment in economic growth.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'resource curse' hypothesis suggests that countries rich in natural resources:

A. may experience slower growth due to governance and economic distortions

B. always grow faster

C. are free from inflation

D. have no poverty

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The resource curse suggests natural resource wealth may lead to slower growth due to various distortions.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs