The 'Green Climate Fund' provides finance for: MCQ with Answer and Explanation

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The 'Green Climate Fund' provides finance for:

A. climate change mitigation and adaptation in developing countries

B. stock markets

C. space research

D. defence

Answer: Option A

Solution (By JKSSB Mock Tests)

The Green Climate Fund finances climate mitigation and adaptation projects in developing countries.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'ASEAN' grouping has how many member countries?

A. 8

B. 14

C. 10

D. 12

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Correct Answer: Option C

Explanation:
ASEAN has 10 member countries.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Sunk Cost' is important because:

A. It is the only cost relevant for pricing

B. It is a cost that has already been incurred and should be ignored in future decisions

C. It should always be considered in future decision making

D. It increases with output in the long run

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Correct Answer: Option B

Explanation:
Sunk costs are costs that have already been incurred and cannot be recovered. Rational decision-making requires ignoring sunk costs and focusing on future (incremental) costs and benefits.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Monetary Fund' lending to a country under a Stand-By Arrangement is usually for:

A. long-term development projects

B. climate finance

C. short-term balance of payments support

D. military support

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Correct Answer: Option C

Explanation:
IMF Stand-By Arrangements provide short-term balance of payments support.

This question belongs to: Economy GK Economy Set 1

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