The 'International Court of Justice' is located in: MCQ with Answer and Explanation

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The 'International Court of Justice' is located in:

A. Geneva

B. The Hague

C. New York

D. Vienna

Answer: Option B

Solution (By JKSSB Mock Tests)

ICJ is located in The Hague.

This question belongs to: Economy GK Economy Set 1

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Question #1

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For an inferior good, the income effect of a price fall:

A. always equals the substitution effect

B. increases quantity demanded

C. decreases quantity demanded

D. does not affect quantity demanded

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Correct Answer: Option C

Explanation:
For an inferior good, a price fall raises real income, and the income effect causes the consumer to buy less of the good.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Algorithmic Transparency' refers to:

A. The degree to which the functioning, criteria and effects of algorithms used by platforms or public authorities can be understood and scrutinised

B. Only the source code of open-source software

C. Only human decision-making without algorithms

D. The complete secrecy of all algorithms

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Correct Answer: Option A

Explanation:
Algorithmic transparency concerns the extent to which the logic, data and outcomes of algorithmic systems are open to inspection, explanation and accountability by users, regulators or the public.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax Identification Number' is a:

A. 15-digit number

B. 12-digit number

C. 10-digit number

D. 16-digit number

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Correct Answer: Option A

Explanation:
GSTIN is a 15-digit PAN-based number.

This question belongs to: Economy GK Economy Set 1

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