The 'New Development Bank' was established by BRICS in which year? MCQ with Answer and Explanation

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The 'New Development Bank' was established by BRICS in which year?

A. 2016

B. 2012

C. 2015

D. 2014

Answer: Option D

Solution (By JKSSB Mock Tests)

The New Development Bank was established by BRICS in 2014 and began operations in 2015.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Gross National Disposable Income' equals GNP at market prices plus:

A. net factor income from abroad

B. indirect taxes

C. net current transfers from abroad

D. depreciation

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Correct Answer: Option C

Explanation:
Gross National Disposable Income = GNP at market prices + net current transfers from abroad.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'G-7' group includes which of the following countries?

A. Australia, South Korea, South Africa

B. Russia, China, India, Brazil

C. United States, United Kingdom, Germany, France, Italy, Japan, Canada

D. India, China, Brazil

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Correct Answer: Option C

Explanation:
The G7 comprises the US, UK, Germany, France, Italy, Japan and Canada.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Economic Survey' in India is published by:

A. NSO

B. NITI Aayog

C. Ministry of Finance

D. RBI

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Correct Answer: Option C

Explanation:
Economic Survey is published by the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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