The 'United Nations' headquarters is in: MCQ with Answer and Explanation

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The 'United Nations' headquarters is in:

A. New York

B. Geneva

C. Paris

D. Vienna

Answer: Option A

Solution (By JKSSB Mock Tests)

UN headquarters is in New York.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The concept of 'Terms of Trade' deterioration for developing countries was emphasised by:

A. David Ricardo

B. Heckscher and Ohlin

C. Adam Smith

D. Raul Prebisch and Hans Singer

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Correct Answer: Option D

Explanation:
The Prebisch-Singer hypothesis argues that the terms of trade of primary commodity exporters (mostly developing countries) tend to deteriorate over time relative to manufactured goods.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Think Tank' of the Government of India for economic policy is:

A. RBI

B. NITI Aayog

C. SEBI

D. Finance Commission

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Correct Answer: Option B

Explanation:
NITI Aayog acts as the premier policy think tank of the Government of India.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' is often described as a game-changing reform because it:

A. increased many taxes

B. removed all taxes

C. unified the Indian market and simplified indirect taxes

D. increased direct tax

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Correct Answer: Option C

Explanation:
GST unified the Indian market and simplified indirect taxation.

This question belongs to: Economy GK Economy Set 1

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