The 'World Bank' headquarters is in: MCQ with Answer and Explanation

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The 'World Bank' headquarters is in:

A. New York

B. Paris

C. Washington D.C.

D. Geneva

Answer: Option C

Solution (By JKSSB Mock Tests)

World Bank headquarters is in Washington D.C.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The concept of 'Moral Hazard' in the context of deposit insurance arises because:

A. Depositors become more careful about bank risk

B. Insurance always reduces risk-taking

C. Depositors monitor banks more intensively

D. Banks may take excessive risks knowing that deposits are insured

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Correct Answer: Option D

Explanation:
Deposit insurance can create moral hazard by reducing depositors’ incentive to monitor banks and by encouraging banks to take greater risks because the downside is partly borne by the insurer.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of elasticity, if income elasticity of demand for a good is negative, the good is:

A. Normal good

B. Inferior good

C. Necessary good

D. Luxury good

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Correct Answer: Option B

Explanation:
A negative income elasticity of demand indicates that the good is inferior; demand for it falls as income rises.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'European Union' currently has how many member countries after Brexit?

A. 25

B. 27

C. 28

D. 30

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Correct Answer: Option B

Explanation:
After Brexit, the EU has 27 member states.

This question belongs to: Economy GK Economy Set 1

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