The 'United Nations' was founded in which year? MCQ with Answer and Explanation

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The 'United Nations' was founded in which year?

A. 1948

B. 1950

C. 1944

D. 1945

Answer: Option D

Solution (By JKSSB Mock Tests)

The United Nations was founded in 1945.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Financial Repression' refers to:

A. Complete liberalisation of interest rates

B. Only the absence of any credit controls

C. Policies that keep interest rates artificially low and channel credit to preferred borrowers, often the government

D. Only high real interest rates

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Correct Answer: Option C

Explanation:
Financial repression encompasses a set of policies—interest-rate ceilings, high reserve requirements, directed credit and capital controls—that hold real interest rates low and facilitate cheap financing of the government.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Annual Financial Statement' shows:

A. only plan expenditure

B. estimated receipts and expenditure of the government for a financial year

C. only foreign debt

D. only tax revenues

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Correct Answer: Option B

Explanation:
Annual Financial Statement shows estimated receipts and expenditure.

This question belongs to: Economy GK Economy Set 1

Question #3

Under perfect competition, the demand curve of a firm is:

A. perfectly inelastic

B. perfectly elastic

C. downward sloping

D. upward sloping

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Correct Answer: Option B

Explanation:
A perfectly competitive firm faces a horizontal demand curve at the market price.

This question belongs to: Economy GK Economy Set 1

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