The 'International Monetary Fund' and 'World Bank' are both headquartered in: MCQ with Answer and Explanation

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The 'International Monetary Fund' and 'World Bank' are both headquartered in:

A. Geneva

B. Washington D.C.

C. New York

D. Paris

Answer: Option B

Solution (By JKSSB Mock Tests)

Both the IMF and World Bank are headquartered in Washington D.C., USA.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on admission to amusement parks is:

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Amusement park admissions attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Chief Economic Adviser' in India is responsible for:

A. preparing the Economic Survey and advising on economic policy

B. stock market regulation

C. banking regulation

D. monetary policy

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Correct Answer: Option A

Explanation:
The Chief Economic Adviser prepares the Economic Survey and advises the government.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a function of the Reserve Bank of India?

A. Controlling credit

B. Acting as banker to the government

C. Issuing currency notes

D. Formulating fiscal policy

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Correct Answer: Option D

Explanation:
Fiscal policy is formulated by the government (Ministry of Finance). RBI is responsible for monetary policy, currency issue, banker to government and credit control.

This question belongs to: Economy GK Economy Set 1

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