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. 1950

B. 1944

C. 1948

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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Practice More Economy Set 1 Questions

Question #1

Capital account convertibility means:

A. free conversion of the rupee for current account transactions only

B. abolition of all capital controls

C. free conversion of the rupee into foreign currency for capital account transactions

D. fixed exchange rate

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Correct Answer: Option C

Explanation:
Capital account convertibility allows free conversion of the rupee for capital account transactions.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of elasticity, if the price elasticity of demand is greater than one, demand is said to be:

A. Elastic

B. Perfectly inelastic

C. Unitary elastic

D. Inelastic

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Correct Answer: Option A

Explanation:
When |Ed| > 1, demand is elastic, meaning quantity demanded changes more than proportionately to a change in price.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'forward market' in foreign exchange deals with:

A. delivery of currencies at a future date at a predetermined rate

B. only spot transactions

C. immediate delivery of currencies

D. only government transactions

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Correct Answer: Option A

Explanation:
The forward market deals with contracts for future delivery of currencies at predetermined rates.

This question belongs to: Economy GK Economy Set 1

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