The 'World Trade Organization' is headquartered in: MCQ with Answer and Explanation

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The 'World Trade Organization' is headquartered in:

A. Washington D.C.

B. Geneva

C. Paris

D. New York

Answer: Option B

Solution (By JKSSB Mock Tests)

The World Trade Organization is headquartered in Geneva, Switzerland.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Vote on Account' is generally taken for a period of:

A. three years

B. five years

C. two months or up to six months

D. one year

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Correct Answer: Option C

Explanation:
Vote on Account authorizes expenditure for part of the year, generally two months.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of Indian banking, the term 'Priority Sector Lending' includes advances to:

A. Only large industrial houses

B. Only export-oriented units

C. Agriculture, micro and small enterprises, education and housing

D. Only infrastructure projects by private companies

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Correct Answer: Option C

Explanation:
Priority Sector Lending targets sectors such as agriculture, micro, small and medium enterprises, education, housing, social infrastructure and renewable energy.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'India Trade Promotion Organisation' is responsible for:

A. regulating banks

B. stock trading

C. collecting taxes

D. organizing trade fairs and promoting exports

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Correct Answer: Option D

Explanation:
ITPO organizes trade fairs and promotes India's external trade.

This question belongs to: Economy GK Economy Set 1

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