The concept of 'Degrowth' in ecological economics advocates:
A. A planned reduction of energy and resource throughput in high-income countries to bring the economy within ecological limits while improving well-being
B. Only growth in developing countries
C. Unlimited economic growth
D. The complete abandonment of all economic activity
Answer: Option A
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:
Repo stands for Repurchase Agreement, under which RBI lends money to banks against government securities with an agreement to repurchase them at a later date.
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