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

Question
The 'World Economic Forum' publishes which report?
A. Global Competitiveness Report
B. Global Financial Stability Report
C. World Economic Outlook
D. World Development Report
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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Practice More Economy Set 1 Questions

Question #1
The 'Trade Receivables Discounting System' platform helps MSMEs by:
A. insuring their factories
B. providing direct subsidies
C. providing land
D. discounting their receivables from corporate buyers
Discuss
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Correct Answer: Option D

Explanation:
TReDS helps MSMEs obtain working capital by discounting their receivables.
This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Bounded Rationality' associated with Herbert Simon implies that:
A. Only perfect information is assumed
B. Individuals always optimise with unlimited computational power
C. Rationality is unbounded
D. Individuals are limited in their cognitive capacity and information and therefore satisfice rather than optimise
Discuss
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Correct Answer: Option D

Explanation:
Bounded rationality recognises that human decision-makers face cognitive limitations and incomplete information, so they typically seek satisfactory rather than optimal solutions.
This question belongs to: Economy GK Economy Set 1
Question #3
The term 'Non-Performing Asset' in Indian banking is defined as a loan where:
A. The borrower has excess collateral
B. The asset generates continuous income
C. Interest or principal is overdue for more than 90 days
D. Interest is paid regularly
Discuss
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Correct Answer: Option C

Explanation:
As per RBI guidelines, a term loan is classified as NPA if interest or instalment of principal remains overdue for a period of more than 90 days.
This question belongs to: Economy GK Economy Set 1
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