Which of the following is a characteristic of 'Self-Preferencing' by digital platforms? MCQ with Answer and Explanation

Question

Which of the following is a characteristic of 'Self-Preferencing' by digital platforms?

A. The equal treatment of all products on the platform

B. Only offline preferential practices

C. Only the preference for third-party products

D. The practice of a platform giving preferential treatment to its own products or services over those of competitors that use the platform

Answer: Option D

Solution (By JKSSB Mock Tests)

Self-preferencing occurs when a vertically integrated platform systematically favours its own downstream products or services in ranking, display or access to data, potentially harming competition on the platform.

This question belongs to: Economy GK Economy Set 1

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Which of the following is a characteristic of the 'Loss and Damage Fund' established under the UNFCCC?

A. A fund limited to adaptation within national borders of developed countries

B. A private insurance mechanism without public finance

C. A fund only for mitigation projects in developed countries

D. A fund to assist developing countries that are particularly vulnerable to the adverse effects of climate change in responding to loss and damage

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Correct Answer: Option D

Explanation:
The Loss and Damage Fund, agreed at COP27 and operationalised subsequently, is intended to provide financial assistance to developing countries that are especially vulnerable to climate-related loss and damage.

This question belongs to: Economy GK Economy Set 1