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. Washington D.C.

B. New York

C. Paris

D. Geneva

Answer: Option A

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 marginal rate of substitution of X for Y is equal to:

A. TUx plus TUy

B. MUy divided by MUx

C. MUx divided by MUy

D. Px multiplied by Py

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Correct Answer: Option C

Explanation:
MRS of X for Y is the ratio of marginal utility of X to marginal utility of Y.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Central Statistics Office' has been merged with which organization to form the National Statistical Office?

A. NITI Aayog

B. National Sample Survey Office

C. Registrar General of India

D. Labour Bureau

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Correct Answer: Option B

Explanation:
CSO and NSSO were merged to form the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

Question #3

Advance tax is income tax that is:

A. refunded by the government

B. paid in advance in instalments during the financial year

C. paid only by companies

D. paid after the end of the financial year

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Correct Answer: Option B

Explanation:
Advance tax is paid in advance in instalments during the financial year instead of a lump sum at the end.

This question belongs to: Economy GK Economy Set 1

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