The 'Forest Conservation Act' was enacted in which year? MCQ with Answer and Explanation

Question

Share Report Error

The 'Forest Conservation Act' was enacted in which year?

A. 2002

B. 1972

C. 1986

D. 1980

Answer: Option D

Solution (By JKSSB Mock Tests)

The Forest Conservation Act was enacted in 1980.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

In the context of elasticity, if the price elasticity of demand is greater than one, demand is said to be:

A. Unitary elastic

B. Inelastic

C. Perfectly inelastic

D. Elastic

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
When |Ed| > 1, demand is elastic, meaning quantity demanded changes more than proportionately to a change in price.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Dutch disease' term was coined after the discovery of natural gas in:

A. United Kingdom

B. Australia

C. Norway

D. Netherlands

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Dutch disease was named after the effects of natural gas discoveries in the Netherlands.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'real interest rate' is approximately equal to:

A. nominal interest rate minus inflation

B. nominal interest rate divided by inflation

C. nominal interest rate plus inflation

D. inflation minus nominal interest rate

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Real interest rate ≈ nominal interest rate - inflation rate.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs