The 'International Development Association' lends mainly to: MCQ with Answer and Explanation

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The 'International Development Association' lends mainly to:

A. developed countries

B. central banks

C. private corporations

D. poorest developing countries on concessional terms

Answer: Option D

Solution (By JKSSB Mock Tests)

IDA provides concessional loans and grants to the world's poorest countries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'International Development Association' is a part of:

A. World Bank Group

B. IMF

C. United Nations

D. WTO

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Correct Answer: Option A

Explanation:
IDA is part of the World Bank Group.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Manufacturing Policy' aims to create National Investment and Manufacturing Zones that are basically:

A. special economic zones only

B. residential colonies

C. agricultural zones

D. industrial parks with world-class infrastructure

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Correct Answer: Option D

Explanation:
NIMZs are integrated industrial parks with advanced infrastructure.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of digital regulation, the 'DMA' (Digital Markets Act) of the European Union aims to:

A. Only apply ex-post competition law without any specific rules

B. Impose ex-ante obligations on designated gatekeeper platforms to ensure contestable and fair digital markets

C. Only regulate small start-ups

D. Deregulate all digital platforms

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Correct Answer: Option B

Explanation:
The Digital Markets Act establishes a set of dos and don’ts for large gatekeeper platforms, aiming to prevent unfair practices and to keep digital markets contestable and fair through ex-ante regulation.

This question belongs to: Economy GK Economy Set 1

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