The 'Kyoto Protocol' was adopted in which year? MCQ with Answer and Explanation

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The 'Kyoto Protocol' was adopted in which year?

A. 2001

B. 1997

C. 1992

D. 2005

Answer: Option B

Solution (By JKSSB Mock Tests)

The Kyoto Protocol was adopted in 1997.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Repo Rate' refers to the rate at which:

A. RBI borrows from commercial banks

B. Commercial banks lend to RBI

C. Government borrows from RBI

D. RBI lends to commercial banks against securities

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Correct Answer: Option D

Explanation:
Repo rate is the rate at which the Reserve Bank of India lends money to commercial banks against government securities for short-term needs.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'zero-based budgeting' was first introduced in India in the budget of:

A. 1986-87

B. 1991-92

C. 2001-02

D. 1985-86

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Correct Answer: Option A

Explanation:
Zero-based budgeting was introduced in the Union Budget 1986-87.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Kuznets curve' hypothesizes that income inequality:

A. first rises then falls with economic development

B. rises continuously with growth

C. falls continuously with growth

D. is unrelated to growth

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Correct Answer: Option A

Explanation:
The Kuznets curve suggests inequality first increases and later decreases as an economy develops.

This question belongs to: Economy GK Economy Set 1

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