Tag: economics

Questions Related to economics

The forest survey of India was established in __________.

  1. 1980

  2. 1981

  3. 1982

  4. 1983


Correct Option: B
Explanation:
Forest Survey of India (FSI), founded in June 1981 and headquartered at Dehradun in Uttarakhand, is a Government of India Ministry of Environment, Forest and Climate Change organisation for conducting forest surveys, studies and research to periodically monitor the changing situation of land and forest resources.

________ resources are those which can be used without the possibility of the resource becoming depleted or exhausted.

  1. Non-renewable

  2. Renewable

  3. Unlimited

  4. Abundant


Correct Option: B
Explanation:

A renewable resource is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of time in a human time scale. Renewable resources include biomass energy such as ethanol, hydropower, geothermal power, wind energy, and solar energy. Biomass refers to organic material from plants or animals. This includes wood, sewage, and ethanol (which comes from corn or other plants).

Which of the following is an example of non-renewable resource?

  1. Petroleum

  2. Wind

  3. Solar energy

  4. Fossil fuel


Correct Option: A,D
Explanation:
Non-renewable resources are those which get exhausted with extraction and use, for example, fossil fuel and petroleum. Wind and solar energy are renewable resources.

A new scheme has been announced in the Budget 2012-13, giving tax exemptions to first-time equity market investors. The scheme as titled as ____________.

  1. Rajiv Gandhi Equity Savings Scheme

  2. Rashtriya Equity Saving Scheme

  3. National Equity Saving Scheme

  4. Indira Gandhi Equity Saving Scheme


Correct Option: A
Explanation:

Rajiv Gandhi Equity Savings Scheme was a scheme that was announced in the budget 2012-13 which aimed at giving tax exemptions to the first time retail investors in the securities market as to encourage the savings of small investors in the domestic capital market. 

The IMF and the World Bank were conceived for ?

  1. Strengthening international economic co-operation and to help create a more stable and prosperous global economy

  2. IMF promotes international monetary cooperation

  3. The World Bank promotes long term economic development and poverty reduction

  4. All of $1, 2$ and $3$


Correct Option: D
Explanation:

The International Monetary Fund (IMF) and the World Bank are institutions in the United Nations system.
They share the same goal of raising living standards in their member countries.
Their approaches to this goal are complementary, with the IMF focusing on macroeconomic and financial stability issues and the World Bank concentrating on long-term economic development and poverty reduction.

ISO 14000 deals with quality standard for _________________.

  1. Environmental Management

  2. Technology Management

  3. Knowledge Management

  4. Information Management


Correct Option: A
Explanation:

ISO 14000 is a series of environmental management standards developed and published by the International Organisation for Standardisation ( ISO ) for organisations.
The ISO 14000 standards provide a guideline or framework for organisations that need to systematise and improve their environmental management efforts.

What are the functions of environment?

  1. It supplies resources

  2. It assimilates waste

  3. It sustains life by providing genetic and biodiversity

  4. Supports life without human actions

  5. All of the above


Correct Option: E
Explanation:

The environment consists of the air, water, land, and all the conditions that surround living organisms. It is important to note that all the systems in the environment are interrelated such as the interactions of animals and humans on the ecosystems. Environmental functions refer to environmental services, including spatial functions, waste disposal, natural resource supply and life support.

The environment is an important issue even when society is faced with economic crises, wars, and unending social problems. It matters because Earth is the only home that humans have, and it provides air, food, and other needs.

The environment is able to perform its functions without any interruption as long as their demand is within its _______.

  1. absorptive capacity

  2. carrying capacity

  3. production capacity

  4. regeneration capacity


Correct Option: B
Explanation:

The carrying capacity is a measure of how many individuals can a given ecosystem provide for. An individual and its population is dependent on various components of its ecosystem for necessities such as food, habitat, etc. An ecosystem can only successfully support a given population

The priority environmental issues identified in India are _________________.

  1. land degradation

  2. biodiversity loss

  3. air pollution with special reference to vehicular pollution in urban cities

  4. all of the above


Correct Option: D

_________ means the ability of the environment to absorb degradation

  1. Absorptive capacity

  2. Load bearing

  3. Carrying capacity

  4. None of these


Correct Option: A
Explanation:

Absorptive capacity is a firm's ability to identify, assimilate, transform, and apply valuable external knowledge. Put another way, absorptive capacity is a limit to the rate or quantity of scientific or technological information that a firm can absorb. Absorptive capacity, the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovativecapabilities. Its a function of the firm's prior knowledge