The 'World Development Report' is published by: MCQ with Answer and Explanation

Question
The 'World Development Report' is published by:
A. IMF
B. World Bank
C. UNCTAD
D. WTO
Answer: Option B
Solution (By JKSSB Mock Tests)
The World Development Report is published by the World Bank.
This question belongs to: Economy GK Economy Set 1
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Question #1
In the context of monetary policy, the 'Divine Coincidence' in basic New Keynesian models refers to:
A. The impossibility of stabilising either inflation or output
B. The fact that stabilising inflation also stabilises the output gap under certain assumptions
C. Only the stabilisation of the exchange rate
D. The conflict between inflation and output stabilisation
Discuss
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Correct Answer: Option B

Explanation:
In the simplest New Keynesian model with only sticky prices and no other distortions, the optimal policy that fully stabilises inflation also closes the output gap—the so-called divine coincidence.
This question belongs to: Economy GK Economy Set 1
Question #2
An 'export subsidy' is a payment to domestic producers that:
A. increases their exports
B. raises domestic prices only
C. reduces their exports
D. increases imports
Discuss
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Correct Answer: Option A

Explanation:
Export subsidies lower costs for exporters, enabling them to sell abroad at competitive prices.
This question belongs to: Economy GK Economy Set 1
Question #3
Veblen goods are demanded mainly because:
A. they have many substitutes
B. high price confers prestige or status
C. their price is low
D. they are necessities
Discuss
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Correct Answer: Option B

Explanation:
Veblen goods are conspicuous consumption goods where a higher price increases their status value.
This question belongs to: Economy GK Economy Set 1
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