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. 190

B. 164

C. 150

D. 193

Answer: Option A

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 'Permanent Establishment' concept in international taxation determines:

A. permanent bank accounts

B. where a foreign enterprise has taxable presence

C. permanent residency of individuals

D. permanent employment

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Correct Answer: Option B

Explanation:
Permanent establishment determines a foreign enterprise's taxable presence in a country.

This question belongs to: Economy GK Economy Set 1

Question #2

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Veblen goods are demanded mainly because:

A. high price confers prestige or status

B. they have many substitutes

C. their price is low

D. they are necessities

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Correct Answer: Option A

Explanation:
Veblen goods are conspicuous consumption goods where a higher price increases their status value.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of inflation, 'Headline Inflation' includes:

A. Only core components excluding food and fuel

B. Only manufactured goods prices

C. Only housing prices

D. All items in the consumer price basket including food and fuel

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Correct Answer: Option D

Explanation:
Headline inflation measures the overall change in the price level of a comprehensive basket of goods and services, including volatile items such as food and fuel.

This question belongs to: Economy GK Economy Set 1

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