The concept of 'Planetary Boundaries' identifies: MCQ with Answer and Explanation

The concept of 'Planetary Boundaries' identifies:
A. Nine biophysical thresholds that, if crossed, could destabilise the Earth system
B. Only population limits
C. Only economic growth limits
D. Only national environmental regulations
Answer: Option A
Solution (By JKSSB Mock Tests)
The planetary-boundaries framework, developed by Rockström and colleagues, defines a set of nine Earth-system processes and associated quantitative boundaries within which humanity can operate safely.

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Practice More Economy Set 1 Questions

Question #1
In the context of labour-market institutions, the 'Ghent System' refers to:
A. Only private insurance markets
B. Only government-run unemployment insurance with no union role
C. A system in which trade unions play a major role in the administration of unemployment insurance, contributing to high union density
D. A pure market system without any unions

Correct Answer: Option C


Explanation:
The Ghent system, historically associated with certain Nordic and Low Countries, links unemployment benefits to union membership or administration, thereby providing a selective incentive for workers to join unions.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Gross National Product' at factor cost equals GDP at factor cost plus:
A. subsidies
B. indirect taxes
C. depreciation
D. net factor income from abroad

Correct Answer: Option D


Explanation:
GNP at factor cost = GDP at factor cost + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT recorded in the capital account of the Balance of Payments?
A. External commercial borrowing
B. FPI
C. Export of goods
D. FDI

Correct Answer: Option C


Explanation:
Export of goods is recorded in the current account, not the capital account.

This question belongs to: Economy GK Economy Set 1