A. Only maximising short-term financial returns without regard to externalities
B. Financial activities that take environmental, social and governance (ESG) factors into account in investment decisions
C. Only government budgetary finance
D. Only microfinance in rural areas
Answer: Option B
Solution (By JKSSB Mock Tests)
Sustainable finance refers to the process of taking environmental, social and governance considerations into account when making investment decisions, with the aim of supporting long-term sustainable economic activities.
Explanation:
Fisher’s debt-deflation theory argues that an initial decline in prices increases the real burden of nominal debt, forcing distressed selling and further price declines in a downward spiral.
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