The 'Millennium Development Goals' were replaced by which framework? MCQ with Answer and Explanation

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The 'Millennium Development Goals' were replaced by which framework?

A. Sendai Framework

B. Paris Agreement

C. Sustainable Development Goals

D. Kyoto Protocol

Answer: Option C

Solution (By JKSSB Mock Tests)

The SDGs replaced the Millennium Development Goals in 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

Hyperinflation is characterized by:

A. falling prices

B. slow price rise

C. extremely rapid and out-of-control rise in prices

D. stable prices

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Correct Answer: Option C

Explanation:
Hyperinflation is extremely rapid and uncontrollable price inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of cost analysis, fixed costs in the short run:

A. Vary with the level of output

B. Are always greater than variable costs

C. Are zero at zero output

D. Remain constant irrespective of the level of output

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Correct Answer: Option D

Explanation:
Fixed costs do not change with the level of output in the short run; they must be incurred even if output is zero.

This question belongs to: Economy GK Economy Set 1

Question #3

Balance of Trade refers to the difference between:

A. exports and imports of goods and services

B. capital inflows and outflows

C. foreign exchange reserves and gold

D. exports and imports of goods only

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Correct Answer: Option D

Explanation:
Balance of Trade is the difference between a country's exports and imports of goods only.

This question belongs to: Economy GK Economy Set 1

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