In the context of international climate finance, the 'Loss and Damage' agenda refers to: MCQ with Answer and Explanation

In the context of international climate finance, the 'Loss and Damage' agenda refers to:
A. Only private insurance markets
B. Support for developing countries facing irreversible impacts of climate change that cannot be adapted to
C. Only mitigation finance
D. Only adaptation finance within national borders
Answer: Option B
Solution (By JKSSB Mock Tests)
Loss and damage refers to the adverse effects of climate change that cannot be avoided through mitigation or adaptation; the agenda seeks financial and technical support for particularly vulnerable countries.

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Practice More Economy Set 1 Questions

Question #1
The 'Pradhan Mantri Annadata Aay Sanrakshan Abhiyan' is a scheme for:
A. fertilizer subsidy
B. crop insurance
C. ensuring remunerative prices to farmers
D. irrigation

Correct Answer: Option C


Explanation:
PM-AASHA aims to ensure remunerative prices to farmers through price support, price deficiency payment and private procurement.

This question belongs to: Economy GK Economy Set 1
Question #2
Operation Flood is associated with:
A. wheat production
B. poultry development
C. fish farming
D. milk production and dairy development

Correct Answer: Option D


Explanation:
Operation Flood was a dairy development programme for increasing milk production.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Carry Trade' strategy in foreign-exchange markets?
A. Only trading on the basis of purchasing-power parity
B. Borrowing in a low-interest-rate currency and investing in a high-interest-rate currency
C. Only hedging all exchange-rate risk
D. Borrowing in a high-interest-rate currency and investing in a low-interest-rate currency

Correct Answer: Option B


Explanation:
A carry trade involves borrowing funds in a currency with a low interest rate and investing them in a currency with a higher interest rate, thereby earning the interest differential while remaining exposed to exchange-rate risk.

This question belongs to: Economy GK Economy Set 1