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
The 'Sixth Five Year Plan' period was:
A. 1980-1985
B. 1978-1983
C. 1975-1980
D. 1985-1990
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Correct Answer: Option A

Explanation:
The Sixth Five Year Plan covered 1980-1985.
This question belongs to: Economy GK Economy Set 1
Question #2
In the Mundell-Fleming model under perfect capital mobility and floating exchange rates, monetary policy is:
A. Ineffective in influencing output
B. Effective only in the long run
C. Completely neutral
D. Highly effective in influencing output
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Correct Answer: Option D

Explanation:
Under perfect capital mobility and floating exchange rates, an expansionary monetary policy lowers interest rates, causes capital outflow and currency depreciation, which boosts net exports and output, making monetary policy highly effective.
This question belongs to: Economy GK Economy Set 1
Question #3
For a normal good, a fall in its price creates:
A. zero income effect
B. negative income effect only
C. positive substitution effect and positive income effect
D. negative substitution effect
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Correct Answer: Option C

Explanation:
For a normal good, both substitution effect and income effect work in the same direction when price falls, increasing quantity demanded.
This question belongs to: Economy GK Economy Set 1
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