The 'International Centre for Settlement of Investment Disputes' is a member of the: MCQ with Answer and Explanation

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The 'International Centre for Settlement of Investment Disputes' is a member of the:

A. World Bank Group

B. WTO

C. United Nations

D. IMF

Answer: Option A

Solution (By JKSSB Mock Tests)

ICSID is part of the World Bank Group.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Gross Domestic Product' of India is estimated by which method?

A. Only expenditure method

B. Only production method

C. Output/value added and expenditure methods

D. Only income method

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Correct Answer: Option C

Explanation:
India's GDP is estimated using the output/value added and expenditure approaches.

This question belongs to: Economy GK Economy Set 1

Question #2

Gross National Product at market prices equals GDP at market prices:

A. minus depreciation

B. plus net factor income from abroad

C. minus net factor income from abroad

D. plus depreciation

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Correct Answer: Option B

Explanation:
GNP = GDP + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Revenue deficit' indicates that the government's:

A. capital expenditure exceeds capital receipts

B. revenue expenditure exceeds revenue receipts

C. total budget is balanced

D. revenue receipts exceed revenue expenditure

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Correct Answer: Option B

Explanation:
Revenue deficit is the excess of revenue expenditure over revenue receipts.

This question belongs to: Economy GK Economy Set 1

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