Which of the following is a feature of the '15-Minute City' concept? MCQ with Answer and Explanation

Which of the following is a feature of the '15-Minute City' concept?
A. An urban planning model in which most daily needs can be met within a short walk or cycle from home
B. A city in which all travel requires long car journeys
C. A purely residential suburb without services
D. Only a high-speed transport network without local amenities
Answer: Option A
Solution (By JKSSB Mock Tests)
The 15-minute city is an urban design principle that aims to ensure that residents can access work, shopping, education, healthcare and leisure within a 15-minute walk or bicycle ride from their homes.

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Practice More Economy Set 1 Questions

Question #1
In the context of the digital economy, 'Zero Marginal Cost' of information goods implies that:
A. Only physical goods have zero marginal cost
B. All goods have zero marginal cost
C. Once produced, an additional digital copy can be distributed at near-zero cost
D. Marginal cost is always high

Correct Answer: Option C


Explanation:
Information goods and digital products typically have high fixed costs of production but near-zero marginal costs of reproduction and distribution, creating distinctive pricing and competition issues.

This question belongs to: Economy GK Economy Set 1
Question #2
A payment bank in India can accept demand deposits up to a maximum of:
A. Rs 5 lakh
B. Rs 2 lakh
C. Rs 50,000
D. Rs 1 lakh

Correct Answer: Option D


Explanation:
Payment banks can accept demand deposits up to Rs 1 lakh per customer.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on demerit goods is generally:
A. 12%
B. 18%
C. 5%
D. 28% plus cess

Correct Answer: Option D


Explanation:
Demerit goods like tobacco and aerated drinks attract 28% plus cess.

This question belongs to: Economy GK Economy Set 1