Which of the following is an example of a positive externality? MCQ with Answer and Explanation

Which of the following is an example of a positive externality?
A. Noise from a construction site
B. Pollution from a factory
C. Vaccination by an individual
D. Congestion on roads
Answer: Option C
Solution (By JKSSB Mock Tests)
A positive externality confers benefits on third parties. Vaccination protects not only the individual but also reduces the spread of disease to others.

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Practice More Economy Set 1 Questions

Question #1
The 'Startup India' action plan was launched in which year?
A. 2014
B. 2018
C. 2017
D. 2016

Correct Answer: Option D


Explanation:
Startup India was launched in January 2016.

This question belongs to: Economy GK Economy Set 1
Question #2
If the marginal propensity to save is 0.25, then the marginal propensity to consume is:
A. 0.75
B. 0.25
C. 0.50
D. 1.25

Correct Answer: Option A


Explanation:
MPC + MPS = 1, so MPC = 1 - 0.25 = 0.75.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Index of Industrial Production' is published with a time lag of about:
A. six weeks
B. one week
C. one month
D. one quarter

Correct Answer: Option C


Explanation:
IIP is released with a lag of about one month.

This question belongs to: Economy GK Economy Set 1