The World Trade Organization came into existence in which year? MCQ with Answer and Explanation

Question

Share Report Error

The World Trade Organization came into existence in which year?

A. 1947

B. 1995

C. 2001

D. 1944

Answer: Option B

Solution (By JKSSB Mock Tests)

The WTO was established in 1995, replacing GATT.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on tea leaves is:

A. 0%

B. 5%

C. 12%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Tea leaves attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Base Money' or 'Reserve Money' consists of:

A. Only time deposits of banks

B. Currency in circulation plus bankers' deposits with RBI and other deposits

C. Only demand deposits

D. Only currency with the public

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Reserve money (monetary base) includes currency in circulation, bankers' deposits with the RBI and other deposits with the RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Comptroller and Auditor General of India' is appointed under which article?

A. Article 148

B. Article 150

C. Article 324

D. Article 280

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The CAG is appointed under Article 148.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs