Which of the following is a characteristic of the 'Green New Deal' type of policy proposals? MCQ with Answer and Explanation

Question

Which of the following is a characteristic of the 'Green New Deal' type of policy proposals?

A. Large-scale public investment programmes aimed at simultaneously addressing climate change, economic inequality and job creation

B. Only voluntary private-sector initiatives

C. Only austerity measures

D. Only market-based carbon pricing without public investment

Answer: Option A

Solution (By JKSSB Mock Tests)

Green New Deal proposals typically combine ambitious climate targets with large public investment in clean energy and infrastructure, together with social policies intended to ensure a just transition.

This question belongs to: Economy GK Economy Set 1

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Which of the following is a characteristic of the 'Vertical Equity' principle in taxation?

A. Taxpayers with greater ability to pay should bear a larger tax burden

B. Only equal absolute burdens are fair

C. Taxes should be independent of income

D. All taxpayers should pay the same absolute amount

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Correct Answer: Option A

Explanation:
Vertical equity requires that taxpayers with greater ability to pay contribute more in taxes, which is the ethical foundation for progressive taxation.

This question belongs to: Economy GK Economy Set 1