Which of the following is a characteristic of the 'Circular Economy' concept? MCQ with Answer and Explanation

Question

Which of the following is a characteristic of the 'Circular Economy' concept?

A. Only the maximisation of resource extraction

B. A linear take-make-dispose model

C. Only the maximisation of consumption without regard to waste

D. An economic system aimed at eliminating waste and the continual use of resources through reuse, repair, remanufacturing and recycling

Answer: Option D

Solution (By JKSSB Mock Tests)

The circular economy seeks to keep products, materials and resources in use for as long as possible, extracting maximum value and then recovering and regenerating them at the end of their service life.

This question belongs to: Economy GK Economy Set 1

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Which of the following is a characteristic of the 'Liquidity Coverage Ratio' under Basel III?

A. It requires banks to hold sufficient high-quality liquid assets to cover net cash outflows over 30 days

B. It applies only to non-bank financial institutions

C. It is related only to capital adequacy

D. It measures only long-term funding stability

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Correct Answer: Option A

Explanation:
The Liquidity Coverage Ratio (LCR) requires banks to maintain an adequate stock of unencumbered high-quality liquid assets that can be converted into cash to meet liquidity needs for a 30-calendar-day stress scenario.

This question belongs to: Economy GK Economy Set 1