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

The 'World Happiness Report' is published by:
A. World Economic Forum
B. IMF
C. United Nations Sustainable Development Solutions Network
D. World Bank
Answer: Option C
Solution (By JKSSB Mock Tests)
The World Happiness Report is published by the UN Sustainable Development Solutions Network.

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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on salon services is:
A. 12%
B. 5%
C. 28%
D. 18%

Correct Answer: Option D


Explanation:
Salon services attract 18% GST.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' on health insurance for senior citizens is:
A. 0%
B. 12%
C. 5%
D. 18%

Correct Answer: Option D


Explanation:
Health insurance for senior citizens attracts 18% GST.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of behavioural economics, 'Present Bias' or 'Hyperbolic Discounting' refers to:
A. The complete absence of time preference
B. The tendency to give stronger weight to payoffs that are closer to the present when considering trade-offs between two future moments
C. Only the preference for delayed gratification
D. Consistent exponential discounting of all future payoffs

Correct Answer: Option B


Explanation:
Present bias describes the common tendency for people to place disproportionately greater weight on immediate rewards relative to delayed rewards, leading to time-inconsistent preferences and self-control problems.

This question belongs to: Economy GK Economy Set 1