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

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The 'Multilateral Investment Guarantee Agency' provides:

A. currency exchange

B. political risk insurance and credit enhancement for foreign investment

C. trade finance

D. export subsidies

Answer: Option B

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 'Goods and Services Tax' on butter and ghee is:

A. 5%

B. 18%

C. 12%

D. 28%

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Correct Answer: Option C

Explanation:
Butter and ghee attract 12% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'stagflation' is a combination of:

A. high inflation and low unemployment

B. high inflation and high unemployment

C. low inflation and low unemployment

D. low inflation and high unemployment

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Correct Answer: Option B

Explanation:
Stagflation is high inflation combined with high unemployment and stagnant demand.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Crowding In' refers to:

A. Increase in private investment stimulated by government spending

B. Decrease in private investment due to government spending

C. Decrease in exports due to appreciation

D. Increase in imports due to higher income

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Correct Answer: Option A

Explanation:
Crowding in occurs when government spending (especially on infrastructure) raises the productivity of private capital and stimulates additional private investment.

This question belongs to: Economy GK Economy Set 1

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