The 'Biological Diversity Act' was enacted in which year? MCQ with Answer and Explanation

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The 'Biological Diversity Act' was enacted in which year?

A. 2002

B. 2010

C. 2000

D. 2006

Answer: Option A

Solution (By JKSSB Mock Tests)

The Biological Diversity Act was enacted in 2002.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'World Intellectual Property Organization' is a specialized agency of:

A. World Bank

B. WTO

C. United Nations

D. IMF

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Correct Answer: Option C

Explanation:
WIPO is a specialized agency of the United Nations.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Public Distribution System' in India is administered by:

A. Ministry of Agriculture

B. Ministry of Finance

C. NITI Aayog

D. Department of Food and Public Distribution

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Correct Answer: Option D

Explanation:
The public distribution system is administered by the Department of Food and Public Distribution.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Sudden Stop' in international finance refers to:

A. An abrupt reversal of capital inflows into a country

B. Only a stop in domestic investment

C. A gradual reduction in capital flows

D. Only a stop in trade flows

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Correct Answer: Option A

Explanation:
A sudden stop is a large and abrupt reversal of capital inflows, often associated with currency crises, output collapses and balance-sheet problems in emerging markets.

This question belongs to: Economy GK Economy Set 1

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