Multi-choice 1 Question 1. Malthus percieved certain measures to check the growth of population. Late marriages Celibacy Use of contraceptives Answers Option 1 Only I Option 2 I, II and III Option 3 Only I and III Option 4 Only I and II Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Malthus’ observations regarding are based on Answers Option 1 Law of constant returns Option 2 Law of increasing returns Option 3 Returns to a factor Option 4 Law of diminishing returns Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Which of the following defines the policy relevance of valuation of environmental goods ? Demonstration of value of biodiversity Land use decisions Revising the national economic accounts Choosing economic instruments for saving bio- diversity Answers Option 1 III and IV Option 2 I, II, III and IV Option 3 I, II, and III Option 4 I and IV Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Kaldor-Hicks criterion can be explained with the help of. Answers Option 1 Production possibility curve Option 2 Phillips curve Option 3 Utility possibility curve Option 4 Indifference curve Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Which of the following is not an assumption of compensation criteria? Answers Option 1 Every individual is the best judge of his welfare Option 2 There exist no externalities of consumption and production Option 3 The problem of production and exchange can be seperated from the problem of distribution Option 4 Utility can be measured cardinally Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. Which of the following economist has/have developed compensation criteria? Nicolas Kaldor J.R. Hicks Scitovsky Answers Option 1 Only I and II Option 2 I and III Option 3 All I, II and III Option 4 II and III Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Coase theorem is related to… Answers Option 1 Consumption pattern Option 2 Vicious circle of poverty Option 3 Wealth Inequality Option 4 Environmental pollution Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 8. Which of the following is an example of market failure? Climate change Greenhouse gas emissions Coastal Pollution Answers Option 1 Only I Option 2 I and III Option 3 Only I and II Option 4 All I, II and III Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. Problem of ‘Free Riding’ is associated with Answers Option 1 Public goods Option 2 Private goods Option 3 Consumer durables Option 4 Consumer non-durables Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Which of the following characteristics makes environment a public good? Non-rivalry Non-Excludability Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
Multi-choice 1 Question 1. Malthus percieved certain measures to check the growth of population. Late marriages Celibacy Use of contraceptives Answers Option 1 Only I Option 2 I, II and III Option 3 Only I and III Option 4 Only I and II Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Malthus’ observations regarding are based on Answers Option 1 Law of constant returns Option 2 Law of increasing returns Option 3 Returns to a factor Option 4 Law of diminishing returns Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Which of the following defines the policy relevance of valuation of environmental goods ? Demonstration of value of biodiversity Land use decisions Revising the national economic accounts Choosing economic instruments for saving bio- diversity Answers Option 1 III and IV Option 2 I, II, III and IV Option 3 I, II, and III Option 4 I and IV Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Kaldor-Hicks criterion can be explained with the help of. Answers Option 1 Production possibility curve Option 2 Phillips curve Option 3 Utility possibility curve Option 4 Indifference curve Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Which of the following is not an assumption of compensation criteria? Answers Option 1 Every individual is the best judge of his welfare Option 2 There exist no externalities of consumption and production Option 3 The problem of production and exchange can be seperated from the problem of distribution Option 4 Utility can be measured cardinally Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. Which of the following economist has/have developed compensation criteria? Nicolas Kaldor J.R. Hicks Scitovsky Answers Option 1 Only I and II Option 2 I and III Option 3 All I, II and III Option 4 II and III Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Coase theorem is related to… Answers Option 1 Consumption pattern Option 2 Vicious circle of poverty Option 3 Wealth Inequality Option 4 Environmental pollution Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 8. Which of the following is an example of market failure? Climate change Greenhouse gas emissions Coastal Pollution Answers Option 1 Only I Option 2 I and III Option 3 Only I and II Option 4 All I, II and III Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. Problem of ‘Free Riding’ is associated with Answers Option 1 Public goods Option 2 Private goods Option 3 Consumer durables Option 4 Consumer non-durables Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Which of the following characteristics makes environment a public good? Non-rivalry Non-Excludability Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
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