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

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The 'World Bank' publishes which report?

A. World Happiness Report

B. World Economic Outlook

C. World Development Report

D. Global Financial Stability Report

Answer: Option C

Solution (By JKSSB Mock Tests)

World Bank publishes World Development Report.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on life insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is:

A. 0%

B. exempt

C. 18%

D. 5%

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Correct Answer: Option B

Explanation:
PMJJBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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Moral suasion by the RBI refers to:

A. buying securities from banks

B. raising reserve requirements

C. persuasion and advice to banks to follow monetary policy objectives

D. legal penalties on banks

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Correct Answer: Option C

Explanation:
Moral suasion is a non-statutory instrument of persuasion by the RBI to influence bank behaviour.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Crowding Out' can occur through which of the following channels?

A. Only through increased private consumption

B. Higher interest rates reducing private investment and appreciation of the currency reducing net exports

C. Only through lower interest rates

D. Only through increased net exports

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Correct Answer: Option B

Explanation:
Government borrowing can raise interest rates (financial crowding out) and, in an open economy, appreciate the currency, thereby reducing net exports (international crowding out).

This question belongs to: Economy GK Economy Set 1

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