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

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The 'International Labour Organization' is headquartered in:

A. Paris

B. New York

C. Geneva

D. Rome

Answer: Option C

Solution (By JKSSB Mock Tests)

The International Labour Organization is headquartered in Geneva.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is NOT a type of market failure?

A. Asymmetric information

B. Public goods

C. Perfect competition

D. Externalities

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Correct Answer: Option C

Explanation:
Market failure occurs when free markets fail to allocate resources efficiently. Causes include externalities, public goods, asymmetric information and monopoly power. Perfect competition is an ideal, not a failure.

This question belongs to: Economy GK Economy Set 1

Question #2

Open Market Operations refer to:

A. issue of new currency notes

B. trading in stock exchanges

C. lending by commercial banks to customers

D. sale and purchase of government securities by the RBI

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Correct Answer: Option D

Explanation:
Open Market Operations are the sale and purchase of government securities by the RBI to regulate liquidity.

This question belongs to: Economy GK Economy Set 1

Question #3

Currency appreciation generally makes exports:

A. cheaper

B. more expensive in foreign currency

C. free from tariffs

D. unchanged

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Correct Answer: Option B

Explanation:
When a currency appreciates, domestic goods become more expensive for foreign buyers, reducing exports.

This question belongs to: Economy GK Economy Set 1

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