Chapter 3 ECONOMICS : Economic Growth Environment and Sustainable Development — Online MCQ Test
ECONOMICS · CLASS 12 INTER II YEAR · Andhra State Board
Practice Chapter 3 ECONOMICS : Economic Growth Environment and Sustainable Development with a free chapter-wise online MCQ test.
This chapter covers: This chapter covers economic growth versus economic development environmental degradation climate change impacts sustainable development concepts and green accounting..
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Chapter 3 ECONOMICS : Economic Growth Environment and Sustainable Development — Important Questions & Answers
What is the primary indicator used to measure Economic Growth?
- A. Per capita income
- B. Human Development Index
- C. Real Gross Domestic Product
- D. Literacy rate
Answer: C. Real Gross Domestic Product
Economic growth is a quantitative concept measured by the increase in the real national income or real GDP over a period of time.
Economic growth is a quantitative concept measured by the increase in the real national income or real GDP over a period of time.
Which of the following refers to the process of improving the quality of life and living standards of the population?
- A. Economic Growth
- B. Economic Development
- C. Capital Formation
- D. Deficit Financing
Answer: B. Economic Development
Economic development is a qualitative and multidimensional process that includes growth along with improvements in health, education, and social welfare.
Economic development is a qualitative and multidimensional process that includes growth along with improvements in health, education, and social welfare.
Which of the following is NOT a feature of Sustainable Development?
- A. Conservation of natural resources
- B. Exhaustion of non-renewable resources
- C. Inter-generational equity
- D. Pollution control
Answer: B. Exhaustion of non-renewable resources
Sustainable development aims to preserve and manage resources efficiently, whereas the exhaustion of non-renewable resources is contradictory to its goals.
Sustainable development aims to preserve and manage resources efficiently, whereas the exhaustion of non-renewable resources is contradictory to its goals.
How does the 'Tragedy of the Commons' apply to environmental degradation?
- A. Individual users deplete shared resources for self-interest, ignoring collective welfare
- B. Government ownership leads to resource efficiency
- C. Private property always leads to environmental ruin
- D. Resource depletion is only a problem in socialist economies
Answer: A. Individual users deplete shared resources for self-interest, ignoring collective welfare
When individuals act in their own interest using shared resources, they often lead to over-exploitation, destroying the common resource for everyone.
When individuals act in their own interest using shared resources, they often lead to over-exploitation, destroying the common resource for everyone.
Why is the Kuznets curve often discussed in relation to the environment (Environmental Kuznets Curve)?
- A. It suggests pollution increases and then decreases as income rises
- B. It suggests poverty is the only cause of pollution
- C. It proves that growth always harms the environment
- D. It suggests that environment protection hinders growth
Answer: A. It suggests pollution increases and then decreases as income rises
The Environmental Kuznets Curve posits that as an economy develops, environmental degradation initially worsens but eventually improves due to better technology and regulation.
The Environmental Kuznets Curve posits that as an economy develops, environmental degradation initially worsens but eventually improves due to better technology and regulation.