The 'International Bank for Reconstruction and Development' is a part of: MCQ with Answer and Explanation

Question

Share Report Error

The 'International Bank for Reconstruction and Development' is a part of:

A. IMF

B. UNCTAD

C. World Bank Group

D. WTO

Answer: Option C

Solution (By JKSSB Mock Tests)

IBRD is part of the World Bank Group.

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

The 'NACH' system is used for:

A. bulk payments such as subsidies and salary credits

B. cryptocurrency

C. stock trading

D. foreign exchange trading

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
NACH is used for bulk electronic payments.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'literacy rate' in the Indian census is defined for persons aged:

A. 7 years and above

B. 15-35 years

C. 0-6 years

D. 18-60 years

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The literacy rate is calculated for the population aged 7 years and above.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of international trade, the 'Stolper-Samuelson Theorem' predicts that:

A. Only labour always gains from trade

B. Trade benefits all factors of production equally

C. An increase in the relative price of a good raises the real return to the factor used intensively in its production

D. Factor prices are independent of goods prices

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Stolper-Samuelson theorem states that a rise in the relative price of a good increases the real return to the factor used intensively in that good and reduces the real return to the other factor.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs