The 'New Development Bank' headquarters is in: MCQ with Answer and Explanation

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The 'New Development Bank' headquarters is in:

A. Beijing

B. Shanghai

C. Moscow

D. New Delhi

Answer: Option B

Solution (By JKSSB Mock Tests)

NDB headquarters is in Shanghai.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Automatic stabilizers in fiscal policy include:

A. open market operations

B. discretionary changes in government spending

C. progressive income taxes and unemployment benefits

D. changes in repo rate

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Correct Answer: Option C

Explanation:
Automatic stabilizers such as progressive taxes and unemployment benefits automatically reduce economic fluctuations.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a measure of absolute poverty commonly used in India?

A. Poverty line based on calorie norms and consumption expenditure

B. Lorenz curve

C. Gini coefficient

D. Relative income share of the bottom 10%

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Correct Answer: Option A

Explanation:
India has traditionally used a poverty line based on minimum calorie requirements and corresponding consumption expenditure to measure absolute poverty.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'GST Council' decisions are made by how much majority?

A. simple majority

B. three-fourths majority

C. unanimous consent

D. two-thirds majority

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Correct Answer: Option B

Explanation:
GST Council decisions require three-fourths majority.

This question belongs to: Economy GK Economy Set 1

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