The 'International Solar Alliance' was launched at which conference? MCQ with Answer and Explanation

The 'International Solar Alliance' was launched at which conference?
A. WTO Ministerial
B. G20 Summit
C. BRICS Summit
D. COP21 Paris
Answer: Option D
Solution (By JKSSB Mock Tests)
The International Solar Alliance was launched at the COP21 Paris climate conference in 2015.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Gresham's Law' states that:
A. Paper money always drives out metallic money
B. Bad money drives out good money when both are legal tender at fixed rates
C. Good money drives out bad money
D. Only metallic money circulates

Correct Answer: Option B


Explanation:
Gresham’s Law observes that when two forms of money have the same face value but different intrinsic values, the money with lower intrinsic value (bad money) tends to remain in circulation while the higher-value money (good money) is hoarded or exported.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the Indian monetary policy framework since 2016?
A. Multiple indicator approach without a nominal anchor
B. Exchange rate targeting
C. Monetary targeting with M3 as the sole intermediate target
D. Flexible inflation targeting with CPI as the nominal anchor

Correct Answer: Option D


Explanation:
India adopted a Flexible Inflation Targeting framework in 2016, with CPI inflation as the nominal anchor and a target of 4% with a tolerance band of ±2%.

This question belongs to: Economy GK Economy Set 1
Question #3
In the Keynesian model, the consumption function is given by C = a + bY, where 'b' represents:
A. Autonomous consumption
B. Marginal propensity to consume
C. Marginal propensity to save
D. Average propensity to consume

Correct Answer: Option B


Explanation:
In the consumption function C = a + bY, 'a' is autonomous consumption and 'b' is the marginal propensity to consume (MPC).

This question belongs to: Economy GK Economy Set 1