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

Question
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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Practice More Economy Set 1 Questions

Question #1
The Laffer Curve illustrates the relationship between:
A. Tax rates and tax revenue
B. Money supply and inflation
C. Interest rates and investment
D. Inflation and unemployment
Discuss
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Correct Answer: Option A

Explanation:
The Laffer Curve shows that beyond a certain point, increasing tax rates may lead to a decrease in total tax revenue due to reduced economic activity and tax evasion.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT included in the calculation of GDP at market prices?
A. Intermediate goods
B. Private consumption expenditure
C. Net exports
D. Gross investment
Discuss
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Correct Answer: Option A

Explanation:
GDP includes only final goods and services to avoid double counting. Intermediate goods are not included in GDP calculation.
This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Narrative Economics' associated with Robert Shiller emphasises:
A. The complete irrelevance of stories
B. The role of popular stories and narratives in driving economic fluctuations
C. Only the role of fundamental factors
D. Only the role of monetary policy
Discuss
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Correct Answer: Option B

Explanation:
Narrative economics studies how contagious popular stories and narratives spread and influence economic behaviour, contributing to booms, recessions and other major economic events.
This question belongs to: Economy GK Economy Set 1
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