Scarcity

Q.

What were the main causes of India’s agricultural stagnation during the colonial period?

Q.

You have unlimited wants and limited resources to satisfy them. Explain by giving two examples.

Q.

What is the difference between stock and reserves?

Q.

What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?

Q. What is the root cause of all economic problems?

1. Population
2. Scarcity

3. Unemployment

4. Poverty

Q.

Agriculture sector appears to be adversely affected by the reform process. Why?

Q.

What do you understand by the drain of Indian wealth during the colonial period?

Q.

How do the following factors contribute to the environmental crisis in India? What problem do they pose for the government?

(i) Rising population

(ii) Air pollution

(iii) Water contamination

(iv) Affluent consumption standards

(v) Illiteracy

(vi) Industrialization

(vii) Urbanization

(viii) Reduction of forest coverage

(ix) Poaching

(x) Global warming.

Q.

What do you mean by rural development? Bring out the key issues in rural development.

Q.

India has abundant natural resources - substantiate the statement.

Q. Scarcity definition is based on following fundamental characteristics of human existence, which gives rise to ___ problems.

Q. The basic economic problem of all economies is essentially one of deciding how to make the best use of

1. unlimited resources to satisfy unlimited wants
2. limited resources to satisfy unlimited wants
3. unlimited resources to satisfy limited wants
4. limited resources to satisfy limited wants

Q.

Q. Unlimited human wants and limited resources lead to ___ .

Q. The basic economic problem of all economies is to make the best use of resources to satisfy wants.

1. Limited
2. Unlimited
3. Same
4. Different

Q.

Which Is Of These Is Not A Resource.?

1. Geography Text Book

2. Small Piece Of Paper

3. The Indian Prime Minister

4. None Of These

Q.

What are the main problems of human capital formation in India?

Q. __________ is/are not the concerns of microeconomics.

1. Rates of inflation
2. Population growth
3. Rates of unemployment
4. All of the above

Q. Unlimited wants and limited resources lead to .

1. distribution
2. scarcity
3. production
4. consumption

Q. When only a limited amount of resources are available to satisfy one's wants, he/she must .

1. choose alternatives
2. wait for them
3. demand more
4. stop demanding

Q.

Explain the supply-demand reversal of environmental resources.

Q. All tickets are sold out when you reach the counter to book a ticket. This is an example of .

1. need
2. want
3. scarcity
4. consumption

Q.

You want to buy a scooter which costs Rs. 40, 000. However, you only have Rs 25, 000 with you. This is a manifestation of______.

1. Unemployment

2. Poverty

3. Consumption

4. Scarcity

Q.

When only a limited amount of resources are available to satisfy a consumer's wants, he/she must

1. Either A or B

2. Choose an alternative

3. Demand more

4. Wait for them

Q.

Explain the relevance of intergenerational equity in the definition of sustainable development.

Q. You are trying to book a movie ticket for a newly released movie. Before you reached the ticket counter, all the tickets were sold out. This is an example of ___ .

1. scarcity
2. consumption
3. needs
4. wants

Q. David is a wheat farmer. His resources include a piece of land and some farming equipment. Which of the following would be an alternative for him, given the resources?

1. Cultivating rubber
2. Cultivating coconuts
3. Cultivating barley
4. Cultivating grapes

Q. Which of the following factors is/are conducive to scarcity?

1. Minimal or limited human wants
2. Unlimited availability of resources
3. Unlimited human wants
4. Limited availability of resources

Q. You want to travel from Bangalore to Kochi. In this scenario, which of the following are manifestations of scarcity?

1. Train tickets were sold out
2. Flight tickets were not affordable
3. You do not prefer to travel by road
4. None of these

Q. In economic theory the term 'means' refers to _________.

1. arithmetic mean
2. resources
3. a characteristic
4. none