IASbaba Daily Current Affairs Quiz [Day 56]

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Q.1) Which of the following constitute the World Bank?

1. International Bank for Reconstruction and Development
2. International Finance Corporation
3. International Development Association
4. International Monetary Fund

Choose the correct answer from the codes given below:

1. 1, 2 and 3
2. 1 and 2
3. 3 and 4
4. 1, 2, 3 and 4

Q.2) Which one of the following statement is true?

1. GDP is always lower than GNP
2. GDP is always higher than GNP
3. GDP is equal to GNP when ‘depreciation’ is zero
4. None of the above

Q.3) A multinational business:

1. Sells products abroad
2. Produces in more than one country
3. Imports from abroad
4. Sells only domestically

Q.4) Deficit Financing leads to

1. Recession
2. Boom
3. Inflation
4. Deflation

Q.5) Agricultural income­ tax is assigned to the State Governments by

1. the Finance Commission
2. the National Development Council
3. the Inter ­State Council
4. the Constitution of India

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All the best

IASbaba