The 'United Nations' has how many principal organs? MCQ with Answer and Explanation

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The 'United Nations' has how many principal organs?

A. 6

B. 5

C. 7

D. 4

Answer: Option A

Solution (By JKSSB Mock Tests)

The United Nations has six principal organs.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of 'Prospect Theory' developed by Kahneman and Tversky?

A. People always maximise expected utility with stable preferences

B. Losses and gains are treated symmetrically

C. People evaluate outcomes relative to a reference point and are loss-averse

D. Only final wealth levels matter

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Correct Answer: Option C

Explanation:
Prospect theory posits that individuals evaluate outcomes as gains or losses relative to a reference point, overweight small probabilities, and exhibit loss aversion (losses loom larger than gains).

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Consumer Price Index' measures:

A. wholesale prices

B. prices of exports

C. prices of imports

D. retail prices paid by consumers

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Correct Answer: Option D

Explanation:
CPI measures changes in retail prices paid by consumers.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Second Five Year Plan' period was:

A. 1956-1961

B. 1953-1958

C. 1951-1956

D. 1961-1966

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Correct Answer: Option A

Explanation:
The Second Five Year Plan covered 1956-1961.

This question belongs to: Economy GK Economy Set 1

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