The 'International Monetary Fund' Poverty Reduction and Growth Trust provides: MCQ with Answer and Explanation

Question

Share Report Error

The 'International Monetary Fund' Poverty Reduction and Growth Trust provides:

A. concessional lending to low-income countries

B. trade subsidies

C. military aid

D. loans to developed countries

Answer: Option A

Solution (By JKSSB Mock Tests)

PRGT provides concessional lending to low-income countries.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Laffer curve' was popularized by which economist?

A. Milton Friedman

B. Paul Samuelson

C. Arthur Laffer

D. John Maynard Keynes

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Laffer curve was popularized by Arthur Laffer.

This question belongs to: Economy GK Economy Set 1

Question #2

The value added method of measuring national income is primarily used to:

A. avoid double counting

B. estimate depreciation

C. include transfer payments

D. measure informal sector output

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The value added method avoids double counting by measuring only the addition to value at each stage of production.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'New Keynesian' models used for monetary policy analysis?

A. They rely only on adaptive expectations

B. They combine intertemporal optimisation, rational expectations and nominal rigidities

C. They assume continuous market clearing and flexible prices

D. They ignore expectations completely

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Modern New Keynesian DSGE models used for policy analysis feature optimising households and firms, rational expectations, and some form of nominal rigidity (sticky prices or wages).

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs