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

The 'Trusteeship Council' is one of the principal organs of:
A. United Nations
B. SAARC
C. Commonwealth
D. WTO
Answer: Option A
Solution (By JKSSB Mock Tests)
The Trusteeship Council is one of the six principal organs of the United Nations.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Creative Accounting' in public finance refers to:
A. Accounting practices that improve the reported fiscal position without improving the underlying fiscal reality
B. Transparent and accurate fiscal reporting
C. Only the use of accrual accounting
D. Only the calculation of primary deficit

Correct Answer: Option A


Explanation:
Creative accounting (or fiscal gimmickry) involves the use of accounting devices that temporarily improve reported deficit or debt figures without a corresponding improvement in the true intertemporal fiscal position.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a measure of economic development rather than mere growth?
A. Increase in GDP only
B. Increase in foreign exchange reserves only
C. Increase in money supply
D. Improvement in HDI, reduction in poverty and inequality

Correct Answer: Option D


Explanation:
Economic development is a broader concept than growth and includes improvements in living standards, health, education, reduction in poverty and inequality, as reflected in indices like HDI.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Ninth Five Year Plan' period was:
A. 1995-2000
B. 1997-2002
C. 2002-2007
D. 1992-1997

Correct Answer: Option B


Explanation:
The Ninth Five Year Plan covered 1997-2002.

This question belongs to: Economy GK Economy Set 1