The 'World Intellectual Property Organization' is based in: MCQ with Answer and Explanation

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The 'World Intellectual Property Organization' is based in:

A. Vienna

B. Paris

C. Geneva

D. New York

Answer: Option C

Solution (By JKSSB Mock Tests)

WIPO is headquartered in Geneva.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on bicycles is:

A. 0%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Bicycles attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the Keynesian consumption function?

A. Consumption depends only on the rate of interest

B. Consumption is independent of income

C. Average propensity to consume rises with income

D. Consumption is a function of current disposable income

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Correct Answer: Option D

Explanation:
The simple Keynesian consumption function states that current consumption depends primarily on current disposable income, with a positive marginal propensity to consume less than one.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Tribunals for other matters' are established under which article?

A. Article 323B

B. Article 323A

C. Article 324

D. Article 329

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Correct Answer: Option A

Explanation:
Tribunals for other matters are established under Article 323B.

This question belongs to: Economy GK Economy Set 1

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