The 'Norges Bank Investment Management' manages the sovereign wealth fund of: MCQ with Answer and Explanation

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The 'Norges Bank Investment Management' manages the sovereign wealth fund of:

A. Saudi Arabia

B. China

C. UAE

D. Norway

Answer: Option D

Solution (By JKSSB Mock Tests)

Norges Bank Investment Management manages Norway's Government Pension Fund Global.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Twelfth Five Year Plan' period was:

A. 2010-2015

B. 2007-2012

C. 2017-2022

D. 2012-2017

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Correct Answer: Option D

Explanation:
The Twelfth Five Year Plan covered 2012-2017.

This question belongs to: Economy GK Economy Set 1

Question #2

The purchasing power parity exchange rate between two currencies is the rate that:

A. equalizes the prices of a basket of goods across countries

B. maximizes exports

C. equalizes interest rates

D. equalizes trade balances

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Correct Answer: Option A

Explanation:
The PPP exchange rate equalizes the price of a common basket of goods across countries.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of elasticity, if income elasticity of demand for a good is negative, the good is:

A. Luxury good

B. Necessary good

C. Inferior good

D. Normal good

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Correct Answer: Option C

Explanation:
A negative income elasticity of demand indicates that the good is inferior; demand for it falls as income rises.

This question belongs to: Economy GK Economy Set 1

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