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

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Which of the following is an example of a positive externality in production?

A. Congestion on public roads

B. Noise from an airport

C. Bee-keeping near an apple orchard

D. Pollution from a factory

Answer: Option C

Solution (By JKSSB Mock Tests)

Bee-keeping provides pollination benefits to nearby apple orchards without compensation, representing a positive production externality.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of digital finance, 'Central Bank Digital Currency' (CBDC) refers to:

A. A digital form of central-bank money that is a direct liability of the central bank

B. Only privately issued cryptocurrencies

C. Only physical cash

D. Only commercial-bank deposits

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Correct Answer: Option A

Explanation:
A central-bank digital currency is a digital payment instrument denominated in the national unit of account that is a direct liability of the central bank, distinct from both physical cash and commercial-bank deposits.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Rashtriya Madhyamik Shiksha Abhiyan' was launched in:

A. 2012

B. 2014

C. 2005

D. 2009

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Correct Answer: Option D

Explanation:
Rashtriya Madhyamik Shiksha Abhiyan was launched in 2009.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'World Trade Organization' replaced GATT in which year?

A. 1993

B. 1997

C. 1995

D. 2000

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Correct Answer: Option C

Explanation:
WTO replaced GATT on 1 January 1995.

This question belongs to: Economy GK Economy Set 1

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