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

Question

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The 'International Labour Organization' headquarters is in:

A. Paris

B. Rome

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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Practice More Economy Set 1 Questions

Question #1

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Which of the following is NOT a method of privatisation?

A. Nationalisation

B. Strategic sale

C. Public-private partnership

D. Disinvestment of shares

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Correct Answer: Option A

Explanation:
Nationalisation is the opposite of privatisation; it involves taking private assets into public ownership. Privatisation methods include disinvestment, strategic sale and PPP.

This question belongs to: Economy GK Economy Set 1

Question #2

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The term 'Managed Floating' exchange rate system means that:

A. There is no role whatsoever for the central bank

B. The exchange rate is fixed in terms of gold only

C. The exchange rate is largely market-determined with occasional central bank intervention

D. The exchange rate is rigidly fixed by the government

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Correct Answer: Option C

Explanation:
Under a managed float, the exchange rate is primarily determined by market forces, but the central bank intervenes from time to time to prevent excessive volatility or disorderly movements.

This question belongs to: Economy GK Economy Set 1