The 'International Bank for Reconstruction and Development' mainly provides: MCQ with Answer and Explanation

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The 'International Bank for Reconstruction and Development' mainly provides:

A. military aid

B. loans to middle-income and creditworthy low-income countries

C. grants only

D. short-term balance of payments support

Answer: Option B

Solution (By JKSSB Mock Tests)

IBRD provides loans to middle-income and creditworthy low-income countries.

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 a feature of the 'Job Guarantee' proposal?

A. A public programme that offers employment at a living wage to anyone willing and able to work

B. Only private-sector job creation without public involvement

C. Only training programmes without employment

D. Only unemployment insurance without job offers

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Correct Answer: Option A

Explanation:
A job-guarantee programme commits the public sector to provide a job at a basic living wage to every person who wants one, thereby eliminating involuntary unemployment and establishing an effective wage floor.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following indices is used by the RBI as the nominal anchor for monetary policy in India?

A. Producer Price Index

B. Wholesale Price Index

C. GDP Deflator

D. Consumer Price Index (Combined)

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Correct Answer: Option D

Explanation:
Under the Flexible Inflation Targeting framework, the RBI targets CPI-Combined inflation as the nominal anchor for monetary policy.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Statistical Office' in India is responsible for:

A. collection and publication of statistical data including national accounts

B. currency printing

C. conducting elections

D. regulation of stock exchanges

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Correct Answer: Option A

Explanation:
NSO collects and publishes official statistics including national accounts and price indices.

This question belongs to: Economy GK Economy Set 1

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