Questions Related to economics

Multiple choice economics environment and sustainable development need for sustainable development environmental economics sustainable development

State whether the following statements are True or False.
Coal, oil and gas are non-commercial sources of energy.

  1. True

  2. False

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

Coal, oil, and gas are commercial sources of energy because they are bought and sold in the market, unlike non-commercial sources like firewood or animal dung.

Multiple choice economics environment and sustainable development need for sustainable development environmental economics sustainable development

State whether the following statements are True or False.
There is a great imbalance between demand and supply of all commercial fuels.

  1. True

  2. False

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

While there are supply challenges, it is inaccurate to state there is a 'great imbalance' for all commercial fuels, as markets often adjust through price signals and diversification of energy sources.

Multiple choice economics environment and sustainable development need for sustainable development environmental economics sustainable development

Which among the following is a measure to solve energy problems in India?

  1. Appropriate pricing policy.

  2. Private sector participation.

  3. Removal of legal barriers to expand power generation capacity.

  4. All of the above

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

Solving energy problems requires a multi-faceted approach, including better pricing, private sector investment, and regulatory reforms to increase capacity.

Multiple choice economics environment and sustainable development need for sustainable development environmental economics sustainable development

Identify the measure to solve energy problems in India.

  1. Reduction in consumption of commercial sources of energy.

  2. Promoting use of non-renewable resources.

  3. Implementing legal barriers to power generation capacity.

  4. Monopoly of public sector.

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

Reducing consumption of commercial energy sources is a strategy to manage energy demand and improve efficiency, whereas the other options are either counterproductive or harmful.

Multiple choice economics environment and sustainable development need for sustainable development environmental economics sustainable development

The first experiment with satellite technology in India was undertaken by Doordarshan in _______________.

  1. $1875-76$
  2. $1982-83$
  3. $1971-72$
  4. $1965-66$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The SITE (Satellite Instructional Television Experiment) project was conducted in 1975-76 as a major experiment in satellite-based education.

Multiple choice economics environment and sustainable development need for sustainable development environmental economics sustainable development

GAIL is concerned with which of the following operations?

  1. Refining of petroleum.

  2. Oil exploration and production.

  3. Processing and distribution of natural gas.

  4. LPG (cooking gas) distributorship.

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

GAIL (India) Limited is the largest state-owned natural gas processing and distribution company headquartered in New Delhi. GAIL has been conferred with the Maharatna status on February $1, 2013$ by the Government of India. Currently only seven Public Sector Enterprises (PSEs) enjoy this coveted status.
In $2009$, the government established the Maharatna status which raises a company's investment ceiling from $Rs. 1000$ crores to $Rs. 5000$ Crores.
Lists of Maharatnas:
$1.$ Coal India Limited
$2.$ Indian Oil Corporation Limited
$3.$ NTPC Limited
$4.$ Steel Authority of India Limited (SAIL)
$5.$ Bharat Heavy Electrical Limited
$6.$ GAIL (India) Limited
$7.$ Oil and Natural Gas Corporation (ONGC).