The 'National Green Tribunal' was established in which year? MCQ with Answer and Explanation

Question
The 'National Green Tribunal' was established in which year?
A. 2010
B. 2012
C. 2015
D. 2008
Answer: Option A
Solution (By JKSSB Mock Tests)
The National Green Tribunal was established in 2010.
This question belongs to: Economy GK Economy Set 1
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Question #1
In the context of behavioural economics, 'Anchoring' refers to:
A. Only the use of rational Bayesian updating
B. Only the effect of final outcomes
C. The complete independence of judgments from any initial values
D. The tendency for quantitative judgments to be influenced by an initially presented value
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Correct Answer: Option D

Explanation:
Anchoring is a cognitive bias in which individuals rely too heavily on an initial piece of information (the anchor) when making subsequent judgments.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'MSME Development Act' was enacted in which year?
A. 2010
B. 2000
C. 2015
D. 2006
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Correct Answer: Option D

Explanation:
The MSME Development Act was enacted in 2006.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of globalisation in the economic sense?
A. Increasing isolation of national economies
B. Complete ban on cross-border capital flows
C. Increasing integration of national economies through trade, investment and technology
D. Only cultural exchange without economic linkages
Discuss
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Correct Answer: Option C

Explanation:
Economic globalisation refers to the growing interdependence of national economies through the expansion of cross-border trade, capital flows, technology transfer and information exchange.
This question belongs to: Economy GK Economy Set 1
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