Tag: introduction to natural resources (eco)

Questions Related to introduction to natural resources (eco)

Which is India's largest offshore oil field?

  1. Mumbai High

  2. Digboi

  3. Ankleshwar

  4. Cambay


Correct Option: A
Explanation:

Bombay High, also known as Mumbai High, is an offshore oilfield 176 kilometres (109 mi) off the coast of Mumbai, India, in about 75 m of water. The oil operations are run by India's Oil and Natural Gas Corporation (ONGC).

Which one of the following areas is associated with Shale gas and is estimated to be abundantly found in India?

  1. Off-shore rocks

  2. Ignitious rocks

  3. Sedimentary rocks

  4. Marsh land


Correct Option: C

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


Correct Option: B

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


Correct Option: D

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%


Correct Option: D

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


Correct Option: D

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)


Correct Option: B

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.


Correct Option: B
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.

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


Correct Option: A