The 'Sovereign Wealth Fund' is a state-owned investment fund that invests in: MCQ with Answer and Explanation

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The 'Sovereign Wealth Fund' is a state-owned investment fund that invests in:

A. various financial assets including equities and real estate

B. only gold

C. only government bonds

D. only domestic infrastructure

Answer: Option A

Solution (By JKSSB Mock Tests)

Sovereign wealth funds invest in financial assets such as equities, bonds and real estate.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'SAARC' grouping includes how many member countries?

A. 12

B. 10

C. 6

D. 8

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Correct Answer: Option D

Explanation:
SAARC has 8 member countries.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of 'Reference-Dependent Preferences'?

A. Reference points are irrelevant

B. Only final wealth enters utility

C. Outcomes are evaluated relative to a reference point, generating gains and losses

D. Only absolute levels of wealth matter

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Correct Answer: Option C

Explanation:
Reference-dependent preferences, central to prospect theory, evaluate outcomes as gains or losses relative to a reference point rather than in terms of final absolute wealth levels.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Loss and Damage Fund' established under the UNFCCC?

A. A fund to assist developing countries that are particularly vulnerable to the adverse effects of climate change in responding to loss and damage

B. A private insurance mechanism without public finance

C. A fund limited to adaptation within national borders of developed countries

D. A fund only for mitigation projects in developed countries

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Correct Answer: Option A

Explanation:
The Loss and Damage Fund, agreed at COP27 and operationalised subsequently, is intended to provide financial assistance to developing countries that are especially vulnerable to climate-related loss and damage.

This question belongs to: Economy GK Economy Set 1

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