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. 164

B. 193

C. 150

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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In the context of Indian planning, the First Five Year Plan focused primarily on:

A. Heavy industries

B. Information technology

C. Export promotion

D. Agriculture and irrigation

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Correct Answer: Option D

Explanation:
The First Five Year Plan (1951-56) gave priority to agriculture, irrigation and power to address food shortages and build a foundation for future growth.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of monetary policy, the 'Zero Lower Bound' problem refers to:

A. The floor on the fiscal deficit

B. The inability of real interest rates to be positive

C. The inability of nominal interest rates to fall significantly below zero

D. The minimum reserve requirement

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Correct Answer: Option C

Explanation:
The zero lower bound refers to the constraint that nominal interest rates cannot be reduced much below zero, limiting the effectiveness of conventional monetary policy in deep recessions.

This question belongs to: Economy GK Economy Set 1