The International Solar Alliance was launched by India and France to promote: MCQ with Answer and Explanation

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The International Solar Alliance was launched by India and France to promote:

A. oil trade

B. nuclear energy

C. solar energy deployment

D. coal energy

Answer: Option C

Solution (By JKSSB Mock Tests)

The International Solar Alliance promotes solar energy deployment.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the 'Data-Driven Network Effects'?

A. Only traditional network effects without data

B. Network effects that are independent of data

C. The feedback loop whereby more users generate more data, which improves the service and attracts still more users

D. The absence of any feedback loops

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Correct Answer: Option C

Explanation:
Data-driven network effects arise when additional users generate data that improve the quality of the service (e.g., through better recommendations or predictions), which in turn attracts more users, creating a self-reinforcing cycle.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on art and culture events is:

A. 18%

B. 12%

C. 5%

D. 0%

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Correct Answer: Option A

Explanation:
Art and culture events generally attract 18% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Pareto Efficiency' implies that:

A. No reallocation can make one person better off without making someone else worse off

B. All markets are perfectly competitive

C. Income is equally distributed

D. Resources can be reallocated to make someone better off without making anyone worse off

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Correct Answer: Option A

Explanation:
A Pareto efficient allocation is one where it is impossible to make any individual better off without making at least one individual worse off.

This question belongs to: Economy GK Economy Set 1

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