The 'International Finance Corporation' mainly provides: MCQ with Answer and Explanation

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The 'International Finance Corporation' mainly provides:

A. short-term balance of payments support

B. loans and investments in the private sector of developing countries

C. military assistance

D. grants to governments

Answer: Option B

Solution (By JKSSB Mock Tests)

IFC supports private sector investment in developing countries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'GST Suvidha Provider' is an entity that:

A. collects GST

B. makes GST law

C. provides IT solutions for GST compliance

D. sets GST rates

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Correct Answer: Option C

Explanation:
GST Suvidha Providers offer IT applications for GST compliance.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'GST' regime in India has subsumed which of the following state taxes?

A. Income tax

B. Entry tax

C. Customs duty

D. Wealth tax

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Correct Answer: Option B

Explanation:
GST subsumed state taxes like entry tax, purchase tax and VAT.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a type of budget deficit?

A. Revenue deficit

B. Fiscal deficit

C. Trade deficit

D. Primary deficit

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Correct Answer: Option C

Explanation:
Trade deficit is a component of the balance of payments (external sector). Revenue, fiscal and primary deficits are concepts related to the government budget.

This question belongs to: Economy GK Economy Set 1

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