The 'Child and Adolescent Labour (Prohibition and Regulation) Act' was amended in which year? MCQ with Answer and Explanation

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The 'Child and Adolescent Labour (Prohibition and Regulation) Act' was amended in which year?

A. 2010

B. 2020

C. 2016

D. 2018

Answer: Option C

Solution (By JKSSB Mock Tests)

The Child Labour Act was amended in 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Feldstein-Horioka Puzzle' refers to:

A. The puzzle of purchasing power parity deviations only

B. The observation that saving and investment are completely uncorrelated

C. The observation that domestic saving and domestic investment are highly correlated despite capital mobility

D. The puzzle of why interest rates are equalised

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Correct Answer: Option C

Explanation:
The Feldstein-Horioka puzzle is the empirical finding of a high correlation between domestic saving and domestic investment rates, which appears inconsistent with perfect international capital mobility.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Stranded Assets' in the energy transition refers to:

A. Only newly created green assets

B. Assets that suffer unanticipated write-downs or devaluations because of climate-related risks and the shift to a low-carbon economy

C. Only financial assets unrelated to the real economy

D. Only fully depreciated assets

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Correct Answer: Option B

Explanation:
Stranded assets are those that lose economic value prematurely as a result of changes associated with the energy transition, such as policy shifts, technological change or shifts in demand away from fossil fuels.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'currency board' system is a form of:

A. free float

B. fixed exchange rate with full backing of domestic currency by foreign reserves

C. managed float

D. floating exchange rate

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Correct Answer: Option B

Explanation:
A currency board pegs the domestic currency to a foreign currency with full reserve backing.

This question belongs to: Economy GK Economy Set 1

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