Tag: understanding development: perspectives, measurement and sustainability

Quizzes (11) Questions (70)

Questions Related to understanding development: perspectives, measurement and sustainability

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

The paradox of diamond is more costly than water is explained by ___________.

  1. marginal utility concept

  2. scarcity

  3. relative cost of production

  4. all of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The paradox of value (diamond-water paradox) is explained by the fact that the marginal utility of a good determines its price, not its total utility. Water is abundant (low marginal utility), while diamonds are scarce (high marginal utility).

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

Which one of the following statements is incorrect?

  1. Power generation capacity addition during the XI Plan would be about 74000 MW

  2. In its mid-term review, the Planning Commission had reduced power generation capacity addition target by over 20% to 62374 MW, from 78577 MW

  3. During the X Plan 21080 MW was added against the target of 41000 MW.

  4. 'Bachat Lamp Yojana' was launched with incandescent are replaced by energy efficient CFL's bulbs in the country. This will result in a saving of 5000 MW of power
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The 'Bachat Lamp Yojana' was indeed a scheme to promote energy-efficient lighting, but the specific claim regarding a 5000 MW saving is often cited as an incorrect or outdated projection in specific exam contexts compared to the other factual plan data.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

In India natural gas demand has been steadily growing at the rate of about ______ during the last 10 years.

  1. 3.5%

  2. 4.5%

  3. 5.5%

  4. 6.5%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Economic data regarding natural gas consumption in India during the specified decade indicates a growth rate of approximately 6.5%.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

Ecological Degradation is caused by____.

  1. rapid growth of population

  2. high concentration of population in urban areas

  3. inadequate infrastructural facilities

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Ecological degradation is a complex issue driven by population pressure, urbanization, and the strain on infrastructure, all of which contribute to environmental stress.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

India has not achieved full convertibility of the Rupee in -

  1. Current Account

  2. Capital Account

  3. Both (a) and (b)

  4. Neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India has achieved full convertibility on the current account, but it maintains restrictions on the capital account to manage financial stability and capital flows.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

Which of the following statements is correct with regard to external sector in the post-reform period?

  1. Quantitative restrictions have been imposed on a number of tradable items.

  2. Quantitative restrictions have been removed on most of the items, except a few goods.

  3. The tariff obstacles have been further raised. Foreign investment is now being discouraged.

  4. All of the above.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

With the regard to external sector in the post reform period the correct statement is that quantitative restrictions(QRs) have been removed on most of the items except a few sensitive items. Also, foreign investment is now liberalized and encouraged with FDI.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

Read the following statement carefully. Write True or False with a reason.
Scarcity exists even when certain goods are available at zero price.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Scarcity is a relative concept. Even if a good has a zero price (like air), it is still scarce if the demand for it exceeds the available supply at that price.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

Proposal of 'The Alliance of Small Island States (AOSIS)' extends up to which of the following years?

  1. 2020

  2. 2017

  3. 2018

  4. 2019
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Alliance of Small Island States (AOSIS) is an intergovernmental organization of low-lying coastal and small island countries. Main purpose of the alliance is to consolidate the voices of Small Island Developing States (SIDS) to address global warming. 

The proposal of this organisation extends up to the year 2017.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

Read the following statement carefully. Write True or False with a reason.
A free medicine given to the patients in hospitals is not a scarce commodity.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Although medicine is available at zero price, yet it is a scarce commodity. Because it involves some opportunity cost.

Multiple choice geography basic problems of an economy introduction to natural resources (eco) understanding development: perspectives, measurement and sustainability resources - types and conservation

Read the following statement carefully. Write True or False with a reason.
Economic problem and scarcity of resources are not related to each other ____________.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The economic problem is fundamentally caused by the scarcity of resources. Without scarcity, there would be no need to make choices, and thus no economic problem.