The 'Carbon Credit' refers to a permit allowing the holder to emit: MCQ with Answer and Explanation

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The 'Carbon Credit' refers to a permit allowing the holder to emit:

A. unlimited carbon

B. one kg of carbon

C. one tonne of carbon dioxide or equivalent

D. one million tonnes of carbon

Answer: Option C

Solution (By JKSSB Mock Tests)

A carbon credit typically allows one tonne of carbon dioxide equivalent emissions.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the 'Special Drawing Rights' allocation by the IMF?

A. SDRs can be used only for domestic fiscal spending

B. A general allocation of SDRs provides unconditional liquidity to member countries in proportion to their quotas

C. SDRs are a form of private cryptocurrency

D. SDRs are only available to countries with balance-of-payments needs under strict conditionality

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Correct Answer: Option B

Explanation:
A general SDR allocation distributes new SDRs to all IMF members in proportion to their quotas, thereby increasing global liquidity without the policy conditionality attached to IMF lending programmes.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a component of the Human Development Index?

A. Education

B. Per capita income

C. Gender equality

D. Life expectancy at birth

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Correct Answer: Option C

Explanation:
HDI has three dimensions: health (life expectancy), education (mean and expected years of schooling) and standard of living (GNI per capita). Gender equality is measured by separate indices like GII.

This question belongs to: Economy GK Economy Set 1

Question #3

The Gini coefficient value of zero indicates:

A. no unemployment

B. perfect inequality

C. perfect equality of income distribution

D. high poverty

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Correct Answer: Option C

Explanation:
A Gini coefficient of zero indicates perfect equality in income distribution.

This question belongs to: Economy GK Economy Set 1

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