The 'Emission Trading System' is a market-based approach to control pollution by: MCQ with Answer and Explanation

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The 'Emission Trading System' is a market-based approach to control pollution by:

A. taxing all production

B. banning all emissions

C. subsidizing polluters

D. creating tradable emission permits

Answer: Option D

Solution (By JKSSB Mock Tests)

Emission trading creates a market for tradable emission allowances, limiting total emissions.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following would most likely cause the rupee to appreciate?

A. Lower foreign investment

B. Increase in imports

C. Large capital inflows into India

D. Higher domestic inflation

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Correct Answer: Option C

Explanation:
Large capital inflows increase demand for rupee, causing appreciation.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of Indian economy, the term 'Demographic Dividend' can be realised if:

A. The old-age population dominates

B. The dependent population increases rapidly

C. The working-age population is productively employed and skilled

D. The fertility rate rises continuously

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Correct Answer: Option C

Explanation:
Realising the demographic dividend requires that the large working-age population is educated, skilled and productively employed in the economy.

This question belongs to: Economy GK Economy Set 1

Question #3

In the Cobb-Douglas production function Q = A L^α K^β, if α + β = 1, the production function exhibits:

A. negative returns

B. decreasing returns to scale

C. increasing returns to scale

D. constant returns to scale

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Correct Answer: Option D

Explanation:
If α + β = 1, the Cobb-Douglas production function exhibits constant returns to scale.

This question belongs to: Economy GK Economy Set 1

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