The 'National Hydrogen Mission' aims to promote: MCQ with Answer and Explanation

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The 'National Hydrogen Mission' aims to promote:

A. nuclear energy

B. coal energy

C. green hydrogen production and use

D. biofuel only

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Hydrogen Mission promotes green hydrogen.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'RuPay' card is a product of:

A. National Payments Corporation of India

B. RBI

C. SBI

D. SEBI

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Correct Answer: Option A

Explanation:
RuPay card is an Indian payment card product of NPCI.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of a public good?

A. Non-excludable but rivalrous

B. Excludable but non-rivalrous

C. Non-excludable and non-rivalrous

D. Excludable and rivalrous

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Correct Answer: Option C

Explanation:
Public goods are non-excludable (difficult to prevent non-payers from consuming) and non-rivalrous (one person's consumption does not reduce availability for others).

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following best describes the concept of 'Income Effect' in consumer theory?

A. Change in demand due to a change in tastes

B. Change in quantity demanded due to a change in real income resulting from a price change

C. Change in supply due to a change in input prices

D. Change in quantity demanded due to a change in relative prices holding real income constant

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Correct Answer: Option B

Explanation:
The income effect refers to the change in quantity demanded of a good that results solely from the change in real income caused by a change in the price of the good.

This question belongs to: Economy GK Economy Set 1

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