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. 2018
B. 2012
C. 2016
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
The 'currency note' in India bears the signature of:
A. RBI Governor
B. Prime Minister
C. President
D. Finance Minister

Correct Answer: Option A


Explanation:
Currency notes except one rupee bear the signature of the RBI Governor.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'New Keynesian' models used for monetary policy analysis?
A. They rely only on adaptive expectations
B. They assume continuous market clearing and flexible prices
C. They ignore expectations completely
D. They combine intertemporal optimisation, rational expectations and nominal rigidities

Correct Answer: Option D


Explanation:
Modern New Keynesian DSGE models used for policy analysis feature optimising households and firms, rational expectations, and some form of nominal rigidity (sticky prices or wages).

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a function of money?
A. Unit of account
B. Medium of exchange
C. Means of production
D. Store of value

Correct Answer: Option C


Explanation:
The primary functions of money are medium of exchange, measure of value (unit of account), store of value and standard of deferred payments. Means of production is not a function of money.

This question belongs to: Economy GK Economy Set 1