The 'World Economic Forum' annual meeting is held in: MCQ with Answer and Explanation

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The 'World Economic Forum' annual meeting is held in:

A. Davos

B. Basel

C. Geneva

D. Zurich

Answer: Option A

Solution (By JKSSB Mock Tests)

WEF annual meeting is held in Davos.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'International Monetary Fund' Extended Fund Facility provides:

A. grants to all countries

B. medium-term support for structural balance of payments problems

C. only technical assistance

D. short-term loans

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Correct Answer: Option B

Explanation:
The Extended Fund Facility provides medium-term support for countries with structural BoP problems.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'G-7' group includes which of the following countries?

A. Russia, China, India, Brazil

B. Australia, South Korea, South Africa

C. United States, United Kingdom, Germany, France, Italy, Japan, Canada

D. India, China, Brazil

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Correct Answer: Option C

Explanation:
The G7 comprises the US, UK, Germany, France, Italy, Japan and Canada.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' input tax credit is claimed by:

A. unregistered dealers

B. the government

C. registered businesses on their purchases

D. the final consumer

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Correct Answer: Option C

Explanation:
Registered businesses can claim input tax credit on their purchases.

This question belongs to: Economy GK Economy Set 1

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