The 'National Action Plan on Climate Change' was released in: MCQ with Answer and Explanation

The 'National Action Plan on Climate Change' was released in:
A. 2008
B. 2015
C. 2010
D. 2005
Answer: Option A
Solution (By JKSSB Mock Tests)
The National Action Plan on Climate Change was released in 2008.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of a command economy?
A. Prices determined solely by market forces
B. Consumer sovereignty as the guiding principle
C. Central authority allocates resources according to a plan
D. Decentralised decision making by private firms

Correct Answer: Option C


Explanation:
In a command (planned) economy, a central planning authority makes major decisions regarding production, allocation of resources and distribution of goods.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Just Transition' framework in climate policy?
A. Ignoring the social consequences of climate policies
B. Only maximising the speed of decarbonisation regardless of social costs
C. Only focusing on technological solutions without social considerations
D. Ensuring that the shift to a low-carbon economy is fair and inclusive, protecting workers and communities dependent on carbon-intensive industries

Correct Answer: Option D


Explanation:
A just transition seeks to ensure that the benefits and costs of the transition to a low-carbon economy are shared equitably and that workers and communities affected by the decline of carbon-intensive sectors receive adequate support.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'World Trade Organization' replaced GATT in which year?
A. 1997
B. 1995
C. 2000
D. 1993

Correct Answer: Option B


Explanation:
WTO replaced GATT on 1 January 1995.

This question belongs to: Economy GK Economy Set 1