The 'BIMSTEC' grouping includes how many member countries? MCQ with Answer and Explanation

Question
The 'BIMSTEC' grouping includes how many member countries?
A. 8
B. 10
C. 7
D. 5
Answer: Option C
Solution (By JKSSB Mock Tests)
BIMSTEC has 7 member countries.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Repo rate is the rate at which the Reserve Bank of India:
A. lends short-term funds to commercial banks against government securities
B. accepts deposits from public
C. lends to the government
D. borrows money from commercial banks
Discuss
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Correct Answer: Option A

Explanation:
Repo rate is the rate at which the RBI lends short-term funds to banks against government securities.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Permanent Account Number' in India is issued by:
A. SEBI
B. Ministry of Corporate Affairs
C. Income Tax Department
D. RBI
Discuss
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Correct Answer: Option C

Explanation:
PAN is issued by the Income Tax Department.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a characteristic of the 'Just Transition' framework in climate policy?
A. Only maximising the speed of decarbonisation regardless of social costs
B. Only focusing on technological solutions without social considerations
C. Ensuring that the shift to a low-carbon economy is fair and inclusive, protecting workers and communities dependent on carbon-intensive industries
D. Ignoring the social consequences of climate policies
Discuss
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Correct Answer: Option C

Explanation:
A just transition seeks to ensure that the benefits and costs of the transition to a low-carbon economy are shared equitably and that workers and communities affected by the decline of carbon-intensive sectors receive adequate support.
This question belongs to: Economy GK Economy Set 1
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