The 'International Monetary Fund' Extended Fund Facility provides: MCQ with Answer and Explanation

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The 'International Monetary Fund' Extended Fund Facility provides:

A. only technical assistance

B. short-term loans

C. medium-term support for structural balance of payments problems

D. grants to all countries

Answer: Option C

Solution (By JKSSB Mock Tests)

The Extended Fund Facility provides medium-term support for countries with structural BoP problems.

This question belongs to: Economy GK Economy Set 1

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Question #1

A cess imposed by the Union Government is levied:

A. only on imports

B. for a specific purpose

C. only on income

D. only on luxury goods

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Correct Answer: Option B

Explanation:
A cess is levied for a specific purpose and must be used for that purpose.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Agriculture Market' e-NAM was launched in which year?

A. 2018

B. 2014

C. 2016

D. 2017

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Correct Answer: Option C

Explanation:
e-NAM was launched in 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

In the Cobb-Douglas production function Q = A L^α K^β, if α + β = 1, the production function exhibits:

A. decreasing returns to scale

B. constant returns to scale

C. negative returns

D. increasing returns to scale

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Correct Answer: Option B

Explanation:
If α + β = 1, the Cobb-Douglas production function exhibits constant returns to scale.

This question belongs to: Economy GK Economy Set 1

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