SSC CHSL 2025 PYQ — Question 76

The correct answer is Option 3: European Union.
Explanation:

• The Carbon Border Adjustment Mechanism (CBAM) is a landmark policy introduced by the European Union (EU), which entered its transitional phase of implementation on October 1, 2023.
• Objective: Its primary objective is to prevent 'Carbon Leakage.' It is a system designed to impose a carbon tax on goods imported from countries—such as iron, steel, cement, aluminum, fertilizers, and electricity—where environmental regulations are not as stringent as those in the European Union.
• Impact on India: This poses a significant challenge for exporting nations like India, as it could potentially increase the cost of Indian products within the European market.
• Full Implementation: This system is set to become fully effective starting in 2026, after which importers will be required to pay levies based on actual carbon emissions.

Important International Organizations (Quick Revision):

• As you prepare for examinations such as SSC CGL and RRB, ensure you are also well-informed about the following organizations:
• European Union (EU): Its headquarters are located in Brussels (Belgium). It currently comprises 27 member states.
• BRICS: This is a group of emerging economies. As of January 2024, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE have joined as new members.
• International Court of Justice (ICJ): This is the principal judicial organ of the United Nations, headquartered in The Hague (Netherlands).

Important Questions for Upcoming Examinations:
Question: What is the meaning of the term 'Carbon Leakage'?
Answer: The relocation of heavy-emission industries to countries where emission regulations are less stringent.
Question: What is the name of the European Union's common currency?
Answer: The Euro.
Question: Which organization is associated with the 'Fit for 55' package?
Answer: The European Union (aimed at achieving climate goals).