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

The 'International Monetary Fund' and 'World Bank' are both headquartered in:
A. Paris
B. Washington D.C.
C. New York
D. Geneva
Answer: Option B
Solution (By JKSSB Mock Tests)
Both the IMF and World Bank are headquartered in Washington D.C., USA.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is NOT a quantitative credit control measure of RBI?
A. Credit Rationing
B. Open Market Operations
C. Bank Rate Policy
D. Variable Reserve Requirements

Correct Answer: Option A


Explanation:
Credit rationing is a qualitative (selective) credit control measure. Bank Rate, OMO and variable reserve ratios (CRR/SLR) are quantitative measures.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'zero-based budgeting' was first introduced in India in the budget of:
A. 1991-92
B. 2001-02
C. 1986-87
D. 1985-86

Correct Answer: Option C


Explanation:
Zero-based budgeting was introduced in the Union Budget 1986-87.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of measuring inequality, the 'Palma Ratio' is defined as:
A. The Gini coefficient multiplied by 100
B. The ratio of the top 1 per cent to the bottom 1 per cent
C. The ratio of the income share of the top 10 per cent to that of the bottom 40 per cent
D. The share of the middle 50 per cent only

Correct Answer: Option C


Explanation:
The Palma ratio is the ratio of the income share of the richest 10 per cent of the population to that of the poorest 40 per cent; it focuses on the tails of the distribution that account for most inequality.

This question belongs to: Economy GK Economy Set 1