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 'Swachh Bharat Mission' consists of two components: rural and:

A. industrial

B. defence

C. urban

D. agricultural

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Correct Answer: Option C

Explanation:
Swachh Bharat Mission has rural and urban components.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of market failure, externalities lead to:

A. Perfect competition

B. Divergence between private and social costs or benefits

C. Efficient market outcomes

D. Zero role for government intervention

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Correct Answer: Option B

Explanation:
Externalities cause a divergence between private and social costs (or benefits), leading to over- or under-production relative to the socially optimal level.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a type of foreign investment?

A. Foreign Portfolio Investment

B. Domestic bank deposits by residents

C. Foreign Direct Investment

D. External Commercial Borrowings

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Correct Answer: Option B

Explanation:
Domestic bank deposits by residents are not foreign investment. FDI, FPI and ECBs represent different forms of foreign capital inflows.

This question belongs to: Economy GK Economy Set 1

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