The 'Paris Agreement' on climate change was adopted in which year? MCQ with Answer and Explanation

The 'Paris Agreement' on climate change was adopted in which year?
A. 2016
B. 2018
C. 2012
D. 2015
Answer: Option D
Solution (By JKSSB Mock Tests)
The Paris Agreement was adopted in 2015.

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Practice More Economy Set 1 Questions

Question #1
In the context of international climate finance, the 'Loss and Damage' agenda refers to:
A. Only private insurance markets
B. Only adaptation finance within national borders
C. Only mitigation finance
D. Support for developing countries facing irreversible impacts of climate change that cannot be adapted to

Correct Answer: Option D


Explanation:
Loss and damage refers to the adverse effects of climate change that cannot be avoided through mitigation or adaptation; the agenda seeks financial and technical support for particularly vulnerable countries.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of competition policy for digital markets, 'Killer Acquisitions' refer to:
A. Acquisitions of innovative start-ups by dominant incumbents with the aim of discontinuing the target’s innovation to protect the incumbent’s market position
B. Only conglomerate mergers without any competitive effect
C. Acquisitions that always increase innovation
D. Only horizontal mergers among equals

Correct Answer: Option A


Explanation:
Killer acquisitions occur when a dominant firm acquires a potential competitor primarily to eliminate the competitive threat posed by the target’s product or technology rather than to develop it.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' rate on telecom services is:
A. 5%
B. 18%
C. 28%
D. 12%

Correct Answer: Option B


Explanation:
Telecom services attract 18% GST.

This question belongs to: Economy GK Economy Set 1