The 'Trusteeship Council' is one of the principal organs of: MCQ with Answer and Explanation

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The 'Trusteeship Council' is one of the principal organs of:

A. SAARC

B. Commonwealth

C. United Nations

D. WTO

Answer: Option C

Solution (By JKSSB Mock Tests)

The Trusteeship Council is one of the six principal organs of the United Nations.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Too Big to Fail' in banking refers to:

A. The absence of any systemic risk

B. Only the size of non-bank firms

C. The expectation that systemically important banks will receive government support in the event of distress

D. The legal requirement that all banks must be small

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Correct Answer: Option C

Explanation:
Too-big-to-fail refers to the market perception or policy practice that certain large and interconnected financial institutions will be rescued by the authorities because their failure would impose systemic costs.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Commission for Backward Classes' is constituted under which article?

A. Article 338B

B. Article 340

C. Article 342

D. Article 338

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Correct Answer: Option A

Explanation:
The National Commission for Backward Classes is constituted under Article 338B.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST Council' does not deal with:

A. GST rates

B. GST returns

C. GST exemptions

D. income tax rates

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Correct Answer: Option D

Explanation:
Income tax rates are not within GST Council's purview.

This question belongs to: Economy GK Economy Set 1

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