The circular economy concept emphasizes: MCQ with Answer and Explanation

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The circular economy concept emphasizes:

A. increasing waste generation

B. unlimited resource extraction

C. reuse, recycling and regeneration of resources

D. linear production and disposal

Answer: Option C

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 'current daily status' of unemployment measures unemployment on:

A. monthly basis

B. yearly basis

C. a day basis

D. weekly basis

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Correct Answer: Option C

Explanation:
Current daily status measures unemployment for each day of the reference week.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Delhi-Mumbai Industrial Corridor' is being developed with cooperation from:

A. France

B. USA

C. Japan

D. Germany

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Correct Answer: Option C

Explanation:
The Delhi-Mumbai Industrial Corridor is being developed with Japanese cooperation.

This question belongs to: Economy GK Economy Set 1

Question #3

Foreign Trade Policy in India is announced by the:

A. Ministry of External Affairs

B. Ministry of Finance

C. Ministry of Commerce and Industry

D. RBI

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Correct Answer: Option C

Explanation:
Foreign Trade Policy is formulated by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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