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. United Nations

C. WTO

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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The 'Department for Promotion of Industry and Internal Trade' is under which ministry?

A. Ministry of Commerce and Industry

B. Ministry of MSME

C. Ministry of Finance

D. Ministry of Heavy Industries

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Correct Answer: Option A

Explanation:
DPIIT is under the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

Question #2

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If the marginal propensity to save is 0.25, then the marginal propensity to consume is:

A. 0.50

B. 0.25

C. 1.25

D. 0.75

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Correct Answer: Option D

Explanation:
MPC + MPS = 1, so MPC = 1 - 0.25 = 0.75.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Pradhan Mantri Ujjwala Yojana' was launched in:

A. 2016

B. 2017

C. 2018

D. 2014

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Correct Answer: Option A

Explanation:
PMUY was launched in 2016.

This question belongs to: Economy GK Economy Set 1

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