UPSC Essentials | Daily subject-wise quiz : Economy MCQs on Carbon Credits Trading Scheme, new GDP series and more (Week 181)

QUESTION 1

The new GDP series, which employed the ‘double deflation’ method, did not implement the approach in the sectors of 'production, processing and preservation of meat, fish, fruit, vegetables, oils and fats' and 'manufacture of pharmaceutical; medicinal chemicals and botanical products'.

QUESTION 2

Out of the three statements provided, only statement 1 regarding the CBAM targeting carbon-intensive goods imported into the EU market is correct. Statement 2 is incorrect as it includes cement and fertilisers sectors, and statement 3 is incorrect as the CBAM applies to imports, not exports.

QUESTION 3

Among the three statements related to the Carbon Credits Trading Scheme (CCTS) in India, only statement 1, which describes the mechanism designed to reduce greenhouse gas (GHG) emissions through carbon pricing, is correct. Statements 2 and 3 are incorrect as CCCs are traded via over-the-counter deals and there's no mention of legally binding emission-intensity reduction targets for petroleum refineries and the textile sector.