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

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The 'Green Climate Fund' provides finance for:

A. space research

B. stock markets

C. defence

D. climate change mitigation and adaptation in developing countries

Answer: Option D

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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Question #1

The 'take-off' stage in Rostow's model is characterized by:

A. decrease in savings

B. decline in investment

C. rapid increase in investment and industrialization

D. agricultural stagnation

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Correct Answer: Option C

Explanation:
Take-off is marked by a sharp rise in investment and industrial growth.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Financial Repression' refers to:

A. Complete liberalisation of interest rates

B. Policies that keep interest rates artificially low and channel credit to preferred borrowers, often the government

C. Only the absence of any credit controls

D. Only high real interest rates

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Correct Answer: Option B

Explanation:
Financial repression encompasses a set of policies—interest-rate ceilings, high reserve requirements, directed credit and capital controls—that hold real interest rates low and facilitate cheap financing of the government.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Brexit' refers to the exit of which country from the European Union?

A. United Kingdom

B. France

C. Germany

D. Italy

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Correct Answer: Option A

Explanation:
Brexit refers to the United Kingdom's exit from the European Union.

This question belongs to: Economy GK Economy Set 1

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