The soft loan window of the World Bank is: MCQ with Answer and Explanation

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The soft loan window of the World Bank is:

A. IFC

B. MIGA

C. IDA

D. IBRD

Answer: Option C

Solution (By JKSSB Mock Tests)

The International Development Association is the World Bank's soft loan window.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'National Action Plan on Climate Change' was released in:

A. 2010

B. 2015

C. 2008

D. 2005

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Correct Answer: Option C

Explanation:
The National Action Plan on Climate Change was released in 2008.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'asymmetric corridor' in Indian monetary policy refers to:

A. different widths of the corridor at different times or instruments

B. fixed exchange rate bands

C. repo and reverse repo being equidistant from the policy rate

D. dual GST rates

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Correct Answer: Option A

Explanation:
The asymmetric corridor refers to variations in the distance between policy rate, MSF and reverse repo rates.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of public finance, 'Deadweight Loss' refers to:

A. Loss due to inflation

B. Loss of economic efficiency due to market distortion

C. Loss due to natural disasters

D. Loss of foreign exchange

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Correct Answer: Option B

Explanation:
Deadweight loss is the loss of economic efficiency that occurs when the equilibrium quantity is not produced due to taxes, subsidies, monopolies or other market distortions.

This question belongs to: Economy GK Economy Set 1

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