The 'World Bank' in India provides loans primarily for: MCQ with Answer and Explanation

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The 'World Bank' in India provides loans primarily for:

A. defence

B. stock markets

C. development projects and economic reforms

D. elections

Answer: Option C

Solution (By JKSSB Mock Tests)

World Bank loans in India finance development projects and economic reforms.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Central Board of Indirect Taxes and Customs' is a part of:

A. SEBI

B. RBI

C. Ministry of Finance

D. Ministry of Commerce

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Correct Answer: Option C

Explanation:
CBIC is part of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on advertising services is:

A. 12%

B. 18%

C. 28%

D. 5%

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Correct Answer: Option B

Explanation:
Advertising services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Universal Declaration of Human Rights' was adopted by the United Nations in which year?

A. 1950

B. 1966

C. 1945

D. 1948

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Correct Answer: Option D

Explanation:
The Universal Declaration of Human Rights was adopted in 1948.

This question belongs to: Economy GK Economy Set 1

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