A carbon tax is a tax on: MCQ with Answer and Explanation

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A carbon tax is a tax on:

A. electricity consumption only

B. emissions of carbon dioxide or carbon content of fuels

C. renewable energy

D. all imports

Answer: Option B

Solution (By JKSSB Mock Tests)

A carbon tax is levied on carbon emissions or the carbon content of fossil fuels.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Administrative Tribunals' are established under which article?

A. Article 324

B. Article 338

C. Article 329

D. Article 323A

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Correct Answer: Option D

Explanation:
Administrative Tribunals are established under Article 323A.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'International Monetary Fund' lending to a country under a Stand-By Arrangement is usually for:

A. short-term balance of payments support

B. long-term development projects

C. climate finance

D. military support

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Correct Answer: Option A

Explanation:
IMF Stand-By Arrangements provide short-term balance of payments support.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Universal Basic Income' proposes:

A. An unconditional cash transfer paid regularly to all individuals regardless of employment status or income

B. Only unemployment insurance for the temporarily jobless

C. Only in-kind transfers

D. Only targeted transfers to the poor conditional on work

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Correct Answer: Option A

Explanation:
Universal basic income is a policy proposal under which every citizen receives a regular, unconditional sum of money from the government, irrespective of other income or employment status.

This question belongs to: Economy GK Economy Set 1

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