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

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The 'World Trade Organization' is headquartered in:

A. New York

B. Geneva

C. Paris

D. Washington D.C.

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 'veblen effect' is associated with:

A. conspicuous consumption where higher prices increase demand

B. perfect competition

C. homogeneous goods

D. inferior goods

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Correct Answer: Option A

Explanation:
Veblen effect occurs when higher prices increase the prestige of a good and therefore its demand.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' does not apply to:

A. interstate supplies

B. imports

C. alcoholic liquor for human consumption

D. goods and services

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Correct Answer: Option C

Explanation:
Alcoholic liquor for human consumption is outside GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Directorate General of Goods and Services Tax Intelligence' deals with:

A. customs only

B. corporate fraud

C. GST evasion and intelligence

D. income tax evasion

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Correct Answer: Option C

Explanation:
DGGI deals with GST evasion and intelligence.

This question belongs to: Economy GK Economy Set 1

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