The 'Kyoto Protocol' came into force in which year? MCQ with Answer and Explanation

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The 'Kyoto Protocol' came into force in which year?

A. 2008

B. 1997

C. 2005

D. 2012

Answer: Option C

Solution (By JKSSB Mock Tests)

The Kyoto Protocol entered into force in 2005.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on digital products such as e-books is:

A. 12%

B. 18%

C. 5%

D. 0%

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Correct Answer: Option C

Explanation:
E-books and digital products attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Fiscal deficit' is financed by:

A. only foreign aid

B. market borrowings and other liabilities

C. only taxes

D. only disinvestment

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Correct Answer: Option B

Explanation:
Fiscal deficit is financed through market borrowings and other liabilities.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of market structures, 'Price Discrimination' is possible under:

A. Monopoly

B. Perfect competition

C. Only in agricultural markets

D. Both perfect competition and monopoly equally

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Correct Answer: Option A

Explanation:
Price discrimination (charging different prices to different consumers for the same product) is typically possible under monopoly where the firm has market power and can segment markets.

This question belongs to: Economy GK Economy Set 1

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