The 'United Nations Educational, Scientific and Cultural Organization' is headquartered in: MCQ with Answer and Explanation

The 'United Nations Educational, Scientific and Cultural Organization' is headquartered in:
A. Paris
B. New York
C. Rome
D. Geneva
Answer: Option A
Solution (By JKSSB Mock Tests)
UNESCO is headquartered in Paris.

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Practice More Economy Set 1 Questions

Question #1
In the context of banking theory, the 'Diamond-Dybvig' model explains:
A. The existence of banks as providers of liquidity insurance and the possibility of bank runs
B. Only the role of banks in solving adverse selection
C. Only the role of banks in monitoring firms
D. Why banks never face runs

Correct Answer: Option A


Explanation:
The Diamond-Dybvig model shows that banks transform illiquid assets into liquid liabilities, providing liquidity insurance to depositors, but that this arrangement is vulnerable to self-fulfilling runs.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of globalisation in the economic sense?
A. Complete ban on cross-border capital flows
B. Only cultural exchange without economic linkages
C. Increasing integration of national economies through trade, investment and technology
D. Increasing isolation of national economies

Correct Answer: Option C


Explanation:
Economic globalisation refers to the growing interdependence of national economies through the expansion of cross-border trade, capital flows, technology transfer and information exchange.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on import of services is:
A. 5%
B. 12%
C. not levied
D. levied as IGST under reverse charge

Correct Answer: Option D


Explanation:
Import of services attracts IGST under reverse charge.

This question belongs to: Economy GK Economy Set 1