The 'International Monetary Fund' has how many member countries? MCQ with Answer and Explanation

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The 'International Monetary Fund' has how many member countries?

A. 150

B. 164

C. 193

D. 190

Answer: Option D

Solution (By JKSSB Mock Tests)

The IMF has 190 member countries.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The first Narasimham Committee of 1991 was appointed to recommend reforms in:

A. capital markets only

B. agricultural pricing

C. indirect taxes

D. the financial system and banking sector

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Correct Answer: Option D

Explanation:
The Narasimham Committee was appointed to recommend financial system and banking sector reforms.

This question belongs to: Economy GK Economy Set 1

Question #2

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In oligopoly, the kinked demand curve model was developed by:

A. Paul Sweezy

B. Joan Robinson

C. A.C. Pigou

D. Edward Chamberlin

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Correct Answer: Option A

Explanation:
Paul Sweezy developed the kinked demand curve model to explain price rigidity in oligopolistic markets.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on hotel accommodation Rs 1,000 to Rs 7,500 is:

A. 28%

B. 5%

C. 18%

D. 12%

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Correct Answer: Option D

Explanation:
Hotel rooms in this tariff range attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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