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

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The 'Multilateral Investment Guarantee Agency' provides:

A. trade finance

B. currency exchange

C. political risk insurance and credit enhancement for foreign investment

D. export subsidies

Answer: Option C

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

A contractionary fiscal policy consists of:

A. increasing money supply

B. lowering interest rates

C. reducing government spending or increasing taxes

D. increasing government spending and cutting taxes

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Correct Answer: Option C

Explanation:
Contractionary fiscal policy reduces aggregate demand by cutting spending or raising taxes.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of globalisation in the economic sense?

A. Increasing isolation of national economies

B. Only cultural exchange without economic linkages

C. Increasing integration of national economies through trade, investment and technology

D. Complete ban on cross-border capital flows

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Correct Answer: Option C

Explanation:
Economic globalisation refers to the growing interdependence of national economies through the expansion of cross-border trade, capital flows, technology transfer and information exchange.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'special economic zone' policy in India was first announced in which year?

A. 1995

B. 2005

C. 2010

D. 2000

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Correct Answer: Option D

Explanation:
SEZ policy was announced in April 2000.

This question belongs to: Economy GK Economy Set 1

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