Tag: basic problems of an economy

Quizzes (5) Questions (70)

Questions Related to basic problems of an economy

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

Multiple choice question:

The resources for satisfying human wants are:

  1. limited

  2. unlimited

  3. available at zero price

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A fundamental premise of economics is that resources are finite or limited relative to the infinite nature of human desires. This scarcity is the basis for all economic decision-making.

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 is not a renewable source of energy?

  1. Oil

  2. Water

  3. Wind

  4. Solar Energy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Renewable energy sources are naturally replenished on a human timescale. Oil is a fossil fuel formed over millions of years and is considered a non-renewable resource.

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 is not a classification of resources based on the ownership?

  1. Renewable resources

  2. Community owned

  3. Individual resources

  4. National resources.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Based on ownership the resources are classified as

  • Individual: Resources owned by an individual. Example-land owned by a farmer.
  • Community: Resources owned by a community. Example-graveyard
  • National resources: Resources owned by a nations government. Examples-roads, railways etc.
  • International Resources: Resources regulate by International bodies like oceans and seas.

Among the given options all the sources are classified based on the ownership except renewable resources which is type of classification based on the availability.

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

__________ are the sources that cannot be renewed and available in limited quantities.

  1. Renewable resources

  2. Non-renewable resources

  3. Both A and B

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

  • Resources are assets that are used by the living systems for the survival and development.
  • Based on the availability, resources are classified as renewable and non-renewable.
  • Non-renewable: these are the sources that cannot be renewed and available in limited quantities. Examples include coal, nuclear, oil, and natural gas.

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 is an example of a non-renewable energy source?

  1. Solar energy

  2. Wind energy

  3. Forests

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

Based on the availability, resources are classified as renewable and non-renewable.

Non-renewable: these are the sources that cannot be renewed and available in limited quantities. Examples include coal, nuclear, oil, and natural gas

Example of a non-renewable energy source from the following is minerals

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

Balancing the need to use resources and also conserve them for the future is called __________.

  1. Sustainable development

  2. Resource conservation

  3. Resource development

  4. Human resource development
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

  • Balancing the need to use resources and also conserve them for the future is called Sustainable development.
  • Sustainable development is the process of utilizing natural resources for human development without completely depleting them but by sustaining the ability of nature to continue to provide this resources.

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

Indiscriminate exploitation of resources has led to global ecological crisis such as ______________.

  1. ozone layer depletion

  2. global warming

  3. environmental pollution

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

Indiscriminate exploitation of resources has led to global ecological crises such as ozone layer depletion, global warming, and environmental pollution.

  • Ozone layer depletion: Ozone a blanket of gases which protects earth from reaching of harmful UV rays from the sun. This layer is depleted due to environmental pollution caused by substances like Chlorofluorocarbons etc.
  • Global warming: It is the heating up of earth’s surface due to some pollutants obstructing heat from escaping the earth’s surface.
  • Environmental pollution: Any change in the normal environment which has a destructive effect on life is called environmental pollution.

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

The first step in resource planning is _____________.

  1. matching the resource development plans with overall national development plans

  2. identification and inventory of resources

  3. evolving a planning structure endowed with appropriate technology

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

  • Resource planning is a complex process which identifies present and future resources and their needs.
  • It involves surveying, mapping and qualitative and quantitative estimation of resources.
  • The first step of resource planning is identifying the resources present in a region.

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

Under which of the following types of resources can tidal energy be put?

  1. Replenishable

  2. Non-renewable resources

  3. Both A and B

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Tidal energy is converting the energy of tides into more useful form of energy/power for eg Electricity. It functions under water. Since it could be renewed or used again and again it is of the replenish-able type.

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 types of the resource is iron ore?

  1. Renewable resources

  2. Non-renewable resources

  3. Both A and B

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Based on the availability, resources are classified as renewable and non-renewable.

Non-renewable: these are the sources that cannot be renewed and available in limited quantities. Examples include coal, nuclear, oil, and natural gas

Iron is a non-renewable source of energy