The 'World Trade Organization' has how many members? MCQ with Answer and Explanation

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The 'World Trade Organization' has how many members?

A. 200

B. 164

C. 190

D. about 120

Answer: Option B

Solution (By JKSSB Mock Tests)

The WTO has 164 members.

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 characteristic of the 'New Classical' policy ineffectiveness proposition?

A. Monetary policy is always effective

B. Only unanticipated monetary policy can affect real output

C. Anticipated monetary policy systematically affects real output

D. Fiscal policy is always effective

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Correct Answer: Option B

Explanation:
Under rational expectations and continuous market clearing, only unanticipated policy shocks can affect real variables; anticipated policy is neutral.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Coffee Board of India' promotes:

A. coffee production and exports

B. tea exports

C. spice exports

D. sugar exports

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Correct Answer: Option A

Explanation:
Coffee Board promotes coffee production and exports.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'FDI' in multi-brand retail is allowed up to what percentage?

A. 49%

B. 100%

C. 51%

D. 74%

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Correct Answer: Option C

Explanation:
FDI in multi-brand retail is allowed up to 51% under government approval.

This question belongs to: Economy GK Economy Set 1

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