The 'World Bank Group' has how many member countries in IBRD? MCQ with Answer and Explanation

Question
The 'World Bank Group' has how many member countries in IBRD?
A. 150
B. 189
C. 164
D. 193
Answer: Option B
Solution (By JKSSB Mock Tests)
IBRD has 189 member countries.
This question belongs to: Economy GK Economy Set 1
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Question #1
Which of the following is a feature of the 'Impossible Trinity' in open economy macroeconomics?
A. Only fiscal policy is constrained
B. A country can achieve only two of the three: fixed exchange rate, free capital flows and monetary independence
C. All three objectives are always compatible
D. A country can simultaneously maintain a fixed exchange rate, free capital mobility and independent monetary policy
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Correct Answer: Option B

Explanation:
The impossible trinity (or trilemma) states that it is impossible for a country to maintain a fixed exchange rate, free capital mobility and an independent monetary policy at the same time.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Fear of Floating' phenomenon identified by Calvo and Reinhart?
A. All countries freely float without intervention
B. Only advanced economies fear floating
C. Floating is always preferred to pegging
D. Many emerging-market countries that claim to float actually intervene heavily to limit exchange-rate volatility
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Correct Answer: Option D

Explanation:
Fear of floating describes the empirical regularity that many countries officially classified as floaters in fact intervene frequently and allow only limited exchange-rate variability, often because of balance-sheet vulnerabilities.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on foreign exchange conversion services is:
A. 18% on the service fee
B. 0%
C. 12%
D. 5%
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Correct Answer: Option A

Explanation:
Foreign exchange conversion services attract GST on the service fee at 18%.
This question belongs to: Economy GK Economy Set 1
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