The 'International Labour Organization' headquarters is in: MCQ with Answer and Explanation

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The 'International Labour Organization' headquarters is in:

A. Rome

B. Paris

C. New York

D. Geneva

Answer: Option D

Solution (By JKSSB Mock Tests)

ILO headquarters is in Geneva.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'BharatNet' project aims to provide broadband connectivity to:

A. all Gram Panchayats

B. all industrial towns

C. all state capitals only

D. all urban households

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Correct Answer: Option A

Explanation:
BharatNet aims to provide broadband connectivity to all Gram Panchayats.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of elasticity, if the price elasticity of demand is greater than one, demand is said to be:

A. Elastic

B. Inelastic

C. Unitary elastic

D. Perfectly inelastic

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Correct Answer: Option A

Explanation:
When |Ed| > 1, demand is elastic, meaning quantity demanded changes more than proportionately to a change in price.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is not a determinant of money demand in Keynesian theory?

A. Precautionary motive

B. Speculative motive

C. Transactions motive

D. Depreciation motive

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Correct Answer: Option D

Explanation:
Keynes identified transactions, precautionary and speculative motives for holding money, not depreciation motive.

This question belongs to: Economy GK Economy Set 1

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