The 'International Financial Services Centre' in India is located at: MCQ with Answer and Explanation

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The 'International Financial Services Centre' in India is located at:

A. GIFT City, Gandhinagar

B. Hyderabad

C. Mumbai

D. Bengaluru

Answer: Option A

Solution (By JKSSB Mock Tests)

India's first IFSC is in GIFT City, Gandhinagar, Gujarat.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of digital platforms, 'Network Effects' imply that:

A. Only offline networks matter

B. The value of the platform falls with more users

C. Network size is irrelevant

D. The value of the platform to each user rises with the number of other users

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Correct Answer: Option D

Explanation:
Network effects (or network externalities) exist when the utility a user derives from a platform increases with the number of other users on the same side or the opposite side of the market.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Contingency Fund of India' is held by:

A. Prime Minister

B. RBI

C. Finance Minister

D. President

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Correct Answer: Option D

Explanation:
The Contingency Fund of India is placed at the disposal of the President.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Social Opportunity Cost' is particularly relevant in the evaluation of:

A. Public investment projects

B. Monetary policy only

C. Private investment projects only

D. International trade only

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Correct Answer: Option A

Explanation:
Social opportunity cost considers the true cost to society of using resources in a particular project and is especially important in the appraisal of public investment projects.

This question belongs to: Economy GK Economy Set 1

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