The 'International Poverty Line' of the World Bank is currently set at: MCQ with Answer and Explanation

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The 'International Poverty Line' of the World Bank is currently set at:

A. USD 2.15 per day in 2017 PPP

B. USD 5.50 per day

C. USD 1.00 per day

D. USD 10 per day

Answer: Option A

Solution (By JKSSB Mock Tests)

The World Bank's international poverty line is USD 2.15 per day in 2017 PPP.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Base Effect' is related to the calculation of:

A. National income

B. Fiscal deficit

C. Balance of trade

D. Inflation rate

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Correct Answer: Option D

Explanation:
Base effect refers to the impact of the price level of the previous year (base) on the calculation of the inflation rate in the current year.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Belt and Road Initiative' was announced by China in which year?

A. 2015

B. 2008

C. 2017

D. 2013

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Correct Answer: Option D

Explanation:
Belt and Road Initiative was announced in 2013.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate on admission to cultural events is:

A. 0%

B. 28%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Admission to cultural events generally attracts 18% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1

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