The concept of 'Degrowth' in ecological economics advocates:
A. The complete abandonment of all economic activity
B. Unlimited economic growth
C. Only growth in developing countries
D. A planned reduction of energy and resource throughput in high-income countries to bring the economy within ecological limits while improving well-being
Answer: Option D
Solution (By JKSSB Mock Tests)
Degrowth is a school of thought that calls for a democratically planned downscaling of production and consumption in over-consuming countries in order to achieve ecological sustainability and social justice.
Explanation:
NITI Aayog (National Institution for Transforming India) was established in 2015, replacing the Planning Commission which was set up in 1950.
Explanation:
Under a managed float, the exchange rate is primarily determined by market forces, but the central bank intervenes from time to time to prevent excessive volatility or disorderly movements.
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