The 'Nationally Determined Contributions' under the Paris Agreement are: MCQ with Answer and Explanation

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The 'Nationally Determined Contributions' under the Paris Agreement are:

A. binding emission targets for all countries

B. trade restrictions

C. voluntary climate action commitments by each country

D. financial penalties

Answer: Option C

Solution (By JKSSB Mock Tests)

NDCs are voluntary national climate action pledges under the Paris Agreement.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'GST' has helped in creating a unified national market by:

A. increasing check posts

B. raising state VAT rates

C. removing cascading taxes and multiple state-level barriers

D. increasing entry taxes

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Correct Answer: Option C

Explanation:
GST removed cascading taxes and state barriers, creating a unified market.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of growth theory, 'Semi-Endogenous Growth' models feature:

A. Long-run growth that depends on population growth but not on policy parameters that affect the R&D share

B. Only exogenous technological progress

C. Long-run growth that is fully endogenous to policy

D. No role for research and development

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Correct Answer: Option A

Explanation:
Semi-endogenous growth models retain diminishing returns to knowledge in the R&D sector, so that long-run growth is proportional to population growth and is not affected by the share of resources devoted to R&D.

This question belongs to: Economy GK Economy Set 1

Question #3

A negative externality occurs when:

A. private cost exceeds social cost

B. social benefit exceeds private benefit

C. private benefit equals social benefit

D. social cost exceeds private cost

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Correct Answer: Option D

Explanation:
A negative externality arises when social cost exceeds private cost, e.g. pollution.

This question belongs to: Economy GK Economy Set 1

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