The 'Paris Agreement' aims to limit global temperature rise this century to well below: MCQ with Answer and Explanation

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The 'Paris Agreement' aims to limit global temperature rise this century to well below:

A. 1°C

B. 3°C

C. 4°C

D. 2°C above pre-industrial levels

Answer: Option D

Solution (By JKSSB Mock Tests)

The Paris Agreement aims to limit warming to well below 2°C, preferably 1.5°C.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Eleventh Five Year Plan' period was:

A. 2007-2012

B. 2002-2007

C. 2010-2015

D. 2004-2009

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Correct Answer: Option A

Explanation:
The Eleventh Five Year Plan covered 2007-2012.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Endogenous Money' view?

A. Banks play no role in money creation

B. The money supply is determined primarily by the demand for bank credit and accommodates itself to that demand

C. Only the monetary base matters

D. The money supply is strictly controlled by the central bank through the monetary base

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Correct Answer: Option B

Explanation:
The endogenous-money approach argues that the quantity of money is determined by the demand for loans and the willingness of banks to extend credit, with the central bank mainly setting the price of reserves rather than the quantity of base money.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Asian Development Bank' was established in which year?

A. 1966

B. 1995

C. 1944

D. 1971

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Correct Answer: Option A

Explanation:
The Asian Development Bank was established in 1966.

This question belongs to: Economy GK Economy Set 1

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