The 'International Development Association' is a part of: MCQ with Answer and Explanation

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The 'International Development Association' is a part of:

A. IMF

B. WTO

C. United Nations

D. World Bank Group

Answer: Option D

Solution (By JKSSB Mock Tests)

IDA is part of the World Bank Group.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the 'Fear of Floating' phenomenon identified by Calvo and Reinhart?

A. Only advanced economies fear floating

B. Floating is always preferred to pegging

C. Many emerging-market countries that claim to float actually intervene heavily to limit exchange-rate volatility

D. All countries freely float without intervention

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Correct Answer: Option C

Explanation:
Fear of floating describes the empirical regularity that many countries officially classified as floaters in fact intervene frequently and allow only limited exchange-rate variability, often because of balance-sheet vulnerabilities.

This question belongs to: Economy GK Economy Set 1

Question #2

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The term 'Disguised Unemployment' implies that:

A. Workers are employed in high-productivity jobs

B. Workers are unemployed and actively seeking jobs

C. Unemployment is due to seasonal factors only

D. More people are engaged in a task than required, with marginal productivity close to zero

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Correct Answer: Option D

Explanation:
Disguised unemployment exists when the removal of some workers does not reduce total output, typically found in agriculture in developing countries.

This question belongs to: Economy GK Economy Set 1