The International Monetary Fund and the World Bank were established at: MCQ with Answer and Explanation

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The International Monetary Fund and the World Bank were established at:

A. the Doha Round

B. the Bretton Woods Conference

C. the UN General Assembly

D. the Geneva Conference

Answer: Option B

Solution (By JKSSB Mock Tests)

The IMF and World Bank were established at the Bretton Woods Conference in 1944.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the classical theory of employment?

A. Liquidity trap

B. Full employment as a normal condition

C. Importance of effective demand

D. Possibility of underemployment equilibrium

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Correct Answer: Option B

Explanation:
Classical theory assumes that the economy always tends towards full employment through flexible wages and prices. Underemployment equilibrium and liquidity trap are Keynesian concepts.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Integrated Child Development Services' scheme was launched in:

A. 1975

B. 1985

C. 1995

D. 1965

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Correct Answer: Option A

Explanation:
ICDS was launched in 1975.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on entertainment events is:

A. 5%

B. 18%

C. 12%

D. 28%

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Correct Answer: Option B

Explanation:
Entertainment events generally attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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