The 'World Bank' publishes which index? MCQ with Answer and Explanation

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The 'World Bank' publishes which index?

A. Global Hunger Index

B. Corruption Perceptions Index

C. Logistics Performance Index

D. Human Development Index

Answer: Option C

Solution (By JKSSB Mock Tests)

World Bank publishes Logistics Performance Index.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The concept of 'Framing Effects' demonstrates that:

A. Preferences are completely invariant to description

B. Framing never affects choices

C. The way in which a choice is presented can systematically affect decisions even when the underlying outcomes are identical

D. Only the objective outcomes matter

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Correct Answer: Option C

Explanation:
Framing effects occur when logically equivalent descriptions of the same decision problem lead to different choices, violating the invariance assumption of standard rational-choice theory.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of digital regulation, the 'DMA' (Digital Markets Act) of the European Union aims to:

A. Only regulate small start-ups

B. Deregulate all digital platforms

C. Only apply ex-post competition law without any specific rules

D. Impose ex-ante obligations on designated gatekeeper platforms to ensure contestable and fair digital markets

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Correct Answer: Option D

Explanation:
The Digital Markets Act establishes a set of dos and don’ts for large gatekeeper platforms, aiming to prevent unfair practices and to keep digital markets contestable and fair through ex-ante regulation.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Permanent Account Number' in India is issued by:

A. RBI

B. Ministry of Corporate Affairs

C. SEBI

D. Income Tax Department

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Correct Answer: Option D

Explanation:
PAN is issued by the Income Tax Department.

This question belongs to: Economy GK Economy Set 1

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