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. 2005
B. 2008
C. 2010
D. 2015
Answer: Option B
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
The concept of 'Natural Monopoly' arises when:
A. A single firm can supply the entire market at lower cost than two or more firms because of large fixed costs and declining average costs
B. There are no economies of scale
C. The market is perfectly competitive
D. Many firms can produce at the same minimum cost

Correct Answer: Option A


Explanation:
A natural monopoly exists when subadditive costs (typically due to large fixed costs and declining average costs) make it more efficient for a single firm to serve the entire market.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of 'Libertarian Paternalism'?
A. The use of mandates that eliminate choice
B. Only laissez-faire without any guidance
C. The complete rejection of any paternalistic intervention
D. The design of policies that steer people toward better choices while preserving freedom of choice

Correct Answer: Option D


Explanation:
Libertarian paternalism, the philosophical foundation of nudge theory, advocates interventions that improve welfare by guiding choices without restricting the set of available options.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'stagflation' is a combination of:
A. high inflation and low unemployment
B. low inflation and low unemployment
C. high inflation and high unemployment
D. low inflation and high unemployment

Correct Answer: Option C


Explanation:
Stagflation is high inflation combined with high unemployment and stagnant demand.

This question belongs to: Economy GK Economy Set 1