The 'Multilateral Investment Guarantee Agency' provides: MCQ with Answer and Explanation

Question
The 'Multilateral Investment Guarantee Agency' provides:
A. export subsidies
B. trade finance
C. currency exchange
D. political risk insurance and credit enhancement for foreign investment
Answer: Option D
Solution (By JKSSB Mock Tests)
MIGA provides political risk insurance to promote foreign direct investment.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The term 'Moral Suasion' as a monetary policy tool refers to:
A. Legal compulsion on banks
B. Quantitative restriction on credit
C. Persuasion by the central bank to influence bank behaviour
D. Change in the bank rate only
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Correct Answer: Option C

Explanation:
Moral suasion involves the central bank using persuasion, advice and appeals to influence the lending behaviour of commercial banks without legal compulsion.
This question belongs to: Economy GK Economy Set 1
Question #2
In the context of behavioural economics, 'Default Effects' demonstrate that:
A. People always opt out of defaults
B. The option that is pre-selected for individuals has a disproportionately large influence on choices
C. Only active choices matter
D. Defaults have no effect on behaviour
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Correct Answer: Option B

Explanation:
Default effects show that the pre-set option exerts a strong influence on behaviour; many people stick with the default even when opting out is easy, making defaults a powerful policy tool.
This question belongs to: Economy GK Economy Set 1
Question #3
In the consumption function C = a + bY, 'a' represents:
A. saving
B. marginal propensity to consume
C. investment
D. autonomous consumption
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Correct Answer: Option D

Explanation:
In C = a + bY, 'a' is autonomous consumption, consumption independent of income.
This question belongs to: Economy GK Economy Set 1
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