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

Question

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The 'World Economic Forum' publishes which report?

A. Global Competitiveness Report

B. Global Financial Stability Report

C. World Development Report

D. World Economic Outlook

Answer: Option A

Solution (By JKSSB Mock Tests)

WEF publishes the Global Competitiveness Report.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the 'Covered Interest Parity' condition?

A. The interest differential between two countries equals the forward premium or discount on the exchange rate

B. Exchange rates are fixed

C. Only uncovered interest parity holds

D. Interest rates are always equal across countries

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Correct Answer: Option A

Explanation:
Covered interest parity states that the interest rate differential between two currencies equals the forward premium or discount, eliminating covered arbitrage opportunities.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of a closed economy?

A. High volume of exports and imports

B. Membership of WTO only

C. Free capital flows

D. No foreign trade

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Correct Answer: Option D

Explanation:
A closed economy does not engage in international trade or capital flows. It is self-sufficient and isolated from the rest of the world.

This question belongs to: Economy GK Economy Set 1