The circular economy concept emphasizes: MCQ with Answer and Explanation

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The circular economy concept emphasizes:

A. linear production and disposal

B. reuse, recycling and regeneration of resources

C. unlimited resource extraction

D. increasing waste generation

Answer: Option B

Solution (By JKSSB Mock Tests)

A circular economy emphasizes reuse, recycling and regeneration to minimize waste.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Forward Markets Commission' was merged with which organization in 2015?

A. SEBI

B. IRDAI

C. NITI Aayog

D. RBI

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Correct Answer: Option A

Explanation:
The Forward Markets Commission was merged with SEBI in 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following best describes the evolution of planning in India after 2015?

A. Continuation of mandatory Five Year Plans by the Planning Commission

B. Return to highly centralised planning without state participation

C. Replacement of the Planning Commission by NITI Aayog with emphasis on cooperative federalism and strategic advice

D. Complete abandonment of any form of planning or policy coordination

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Correct Answer: Option C

Explanation:
In 2015 the Planning Commission was replaced by NITI Aayog, which focuses on cooperative federalism, policy advice and knowledge sharing rather than imposing centralised plan targets.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Global Gender Gap Report' is published by:

A. UNDP

B. World Economic Forum

C. World Bank

D. UN Women

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Correct Answer: Option B

Explanation:
The Global Gender Gap Report is published by the World Economic Forum.

This question belongs to: Economy GK Economy Set 1

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