The 'Sustainable Development Goals' were adopted by the United Nations in which year? MCQ with Answer and Explanation

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The 'Sustainable Development Goals' were adopted by the United Nations in which year?

A. 2000

B. 2020

C. 2015

D. 2016

Answer: Option C

Solution (By JKSSB Mock Tests)

The Sustainable Development Goals were adopted in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of market structures, 'Price Discrimination' is possible under:

A. Monopoly

B. Only in agricultural markets

C. Perfect competition

D. Both perfect competition and monopoly equally

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Correct Answer: Option A

Explanation:
Price discrimination (charging different prices to different consumers for the same product) is typically possible under monopoly where the firm has market power and can segment markets.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Phillips curve' in the long run is generally considered to be:

A. vertical at the natural rate of unemployment

B. downward sloping

C. horizontal

D. upward sloping

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Correct Answer: Option A

Explanation:
The long-run Phillips curve is vertical, implying no permanent trade-off between inflation and unemployment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on franchise services is:

A. 28%

B. 18%

C. 5%

D. 12%

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Correct Answer: Option B

Explanation:
Franchise services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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