The 'Wildlife Protection Act' was enacted in which year? MCQ with Answer and Explanation

The 'Wildlife Protection Act' was enacted in which year?
A. 1980
B. 1968
C. 1986
D. 1972
Answer: Option D
Solution (By JKSSB Mock Tests)
The Wildlife Protection Act was enacted in 1972.

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Practice More Economy Set 1 Questions

Question #1
The 'GST' regime has subsumed which of the following central taxes?
A. Corporate tax
B. Customs duty
C. Central Excise Duty
D. Income tax

Correct Answer: Option C


Explanation:
GST subsumed central excise duty, service tax, additional customs duty, etc.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a major challenge for monetary policy in an open economy?
A. No impact of capital flows
B. Complete control over all three objectives simultaneously
C. Absence of any trade-off
D. Impossible trinity or trilemma of fixed exchange rate, free capital flows and independent monetary policy

Correct Answer: Option D


Explanation:
The impossible trinity states that it is impossible to have a fixed exchange rate, free capital mobility and an independent monetary policy simultaneously; only two of the three can be achieved.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Dutch disease' phenomenon in economics refers to:
A. a fall in agricultural productivity
B. a decline in manufacturing due to a boom in natural resource exports
C. high inflation
D. a banking crisis

Correct Answer: Option B


Explanation:
Dutch disease is a situation where a resource boom causes currency appreciation and decline in other tradable sectors like manufacturing.

This question belongs to: Economy GK Economy Set 1