The 'New Development Bank' established by BRICS countries is headquartered in: MCQ with Answer and Explanation

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The 'New Development Bank' established by BRICS countries is headquartered in:

A. New Delhi

B. Moscow

C. Beijing

D. Shanghai

Answer: Option D

Solution (By JKSSB Mock Tests)

The New Development Bank is headquartered in Shanghai, China.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'e-filing' of income tax returns in India is done through:

A. RBI portal

B. GST portal

C. SEBI portal

D. Income Tax e-Filing portal

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Correct Answer: Option D

Explanation:
Income tax returns are e-filed on the Income Tax e-Filing portal.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a component of the Human Development Index?

A. Only environmental sustainability

B. Only income inequality

C. Life expectancy, education and per capita income

D. Gender equality only

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Correct Answer: Option C

Explanation:
HDI is a composite index based on three dimensions: a long and healthy life (life expectancy), knowledge (education) and a decent standard of living (GNI per capita).

This question belongs to: Economy GK Economy Set 1

Question #3

Dumping refers to:

A. imposing high tariffs on imports

B. selling goods in a foreign market below cost or home market price

C. buying goods from abroad at lower prices

D. exporting goods with subsidies

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Correct Answer: Option B

Explanation:
Dumping is selling goods in a foreign market below cost or home market price.

This question belongs to: Economy GK Economy Set 1

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