Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

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

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

  1. deforestation

  2. water pollution

  3. loss of biodiversity

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

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

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

  1. True

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

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

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

  1. Increased air pollution

  2. Global warming

  3. Loss of biodiversity

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

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

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

  1. Soil erosion

  2. Air pollution

  3. Global warming

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

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

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

  1. True

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

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

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

  1. True

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

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

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

  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
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

If goods sent for job work are not returned within the prescribed time limit, the transaction is treated as a supply, and the principal manufacturer must reverse the input tax credit previously claimed.

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

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

  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
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under GST regulations, capital goods sent for job work must be returned within three years to maintain the entitlement to the input tax credit.

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

Transfer of Possession of Goods is ______________.

  1. Actual Tax Point

  2. Basic Tax Point

  3. Either of the above

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

In tax law, the transfer of possession is often considered the basic tax point, as it marks the moment when control over the goods shifts, triggering potential tax liability.