Tag: economics

Questions Related to economics

Extensive cultivation, i.e., increasing the area under cultivation has caused ___________.

economics sustainable development with equity introduction to social movements and its types social movements liberalisation

  1. deforestation

  2. water pollution

  3. loss of biodiversity

  4. none of the above

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Correct Option: A
Explanation:

Due to extensive cultivation,  there is a sharp decrease in the area under forests. Since extensive cultivation requires large areas to be brought under cultivation, it has led to deforestation. 

Deforestation has led to decrease in rainfall due to alterations in the hydrological cycle.

economics sustainable development with equity introduction to social movements and its types social movements liberalisation

  1. True

  2. False

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Correct Option: A
Explanation:

Due to extensive cultivation, the increasing area under cultivation is increasing which results in a large amount of forest depletion that leads to deforestation. This deforestation has led to decrease in rainfall due to alterations in the hydrological cycle.

Which of the following can be listed as the negative effects of economic development on the environment?

economics sustainable development with equity introduction to social movements and its types social movements liberalisation

  1. Increased air pollution

  2. Global warming

  3. Loss of biodiversity

  4. All of the above

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Correct Option: D
Explanation:

Economic development refers to the process of using natural resources for the development of the economy. But in developed countries the resources are exploited in a very large quantity that leads to the depletion of these stock of natural resources. The negative effects of economic development are increased air pollution, global warming and loss of biodiversity. 

_________ leads to fall in productivity due to deterioration in the quality of soil used for cultivation.

economics sustainable development with equity introduction to social movements and its types social movements liberalisation

  1. Soil erosion

  2. Air pollution

  3. Global warming

  4. All of the above

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Correct Option: A
Explanation:

Soil erosion is a type of phenomenon where the upper most layer of the soil gets washed away by the acts of wind and water. This leads to a fall in the overall productivity due to deterioration in the quality of soil used for cultivation. 

Solid wastes that have not been effectively disposed lead to contamination of ground water resources.

economics sustainable development with equity introduction to social movements and its types social movements liberalisation

  1. True

  2. False

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Correct Option: A
Explanation:

In developed countries, the resources are exploited in a very large quantity that has led to the depletion of the stock of natural resources. The industrialization has polluted the surface water as well as groundwater. Groundwater is usually polluted by solid wastes that has no technique of proper disposal. 

Industrial development has led to depletion of natural resources, particularly solar and wind energy resources.

economics sustainable development with equity introduction to social movements and its types social movements liberalisation

  1. True

  2. False

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Correct Option: B
Explanation:

False

Industrialization refers to the process of using natural resources for the development of the economy. It has mainly depleted all the non-renewable sources of energy like coal, fossil fuels, etc.

Input tax credit is not available on ___________ ?

economics ancient indian economic concepts goods, wealth and welfare major definitions of economics wealth, capital and money

  1. Goods used for personal use

  2. Trading goods

  3. Capital goods

  4. Fixed capital

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Correct Option: A

What is the consequence of non-return of semi-finished goods within the specified period?

economics ancient indian economic concepts goods, wealth and welfare major definitions of economics wealth, capital and money

  1. Job worker pays GST on return of goods

  2. Principal Manufacturer pays back the input tax credit claimed on such goods

  3. Principal manufacturer pays GST on return of goods

  4. Job worker claims credit of goods received on job work

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Correct Option: B

Principal entitled for input tax credit on capital goods if sent for job work __________________________.

economics ancient indian economic concepts goods, wealth and welfare major definitions of economics wealth, capital and money

  1. If goods sent are returned within one year

  2. If goods sent are returned within three years

  3. If goods sent are returned within six months

  4. If goods sent are returned within nine months

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Correct Option: B

Transfer of Possession of Goods is ______________.

economics ancient indian economic concepts goods, wealth and welfare major definitions of economics wealth, capital and money

  1. Actual Tax Point

  2. Basic Tax Point

  3. Either of the above

  4. None of the Above

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Correct Option: B