Environmental Economics-Online Practice Exam 1
Notes
Environmental Economics-Online Practice Exam 1
Notes

Environmental Economics-Online Practice Exam 1

NET / SET Online Practice Exams

Environmental Economics

Test

Multi-choice 1

Question

1. Malthus percieved certain measures to check the growth of population.

  1. Late marriages
  2. Celibacy
  3. Use of contraceptives

Answers

Only I

I, II and III

Only I and III

Only I and II

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Question

2. Malthus’ observations regarding are based on

Answers

Law of constant returns

Law of increasing returns

Returns to a factor

Law of diminishing returns

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Question

3. Which of the following defines the policy relevance of valuation of environmental goods ?

  1. Demonstration of value of biodiversity
  2. Land use decisions
  3. Revising the national economic accounts
  4. Choosing economic instruments for saving bio- diversity

Answers

III and IV

 I, II, III and IV

 I, II, and III

I and IV

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Question

4. Kaldor-Hicks criterion can be explained with the help of.

Answers

Production possibility curve

Phillips curve

Utility possibility curve

Indifference curve

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Question

5. Which of the following is not an assumption of compensation criteria?

Answers

Every individual is the best judge of his welfare

There exist no externalities of consumption and production

The problem of production and exchange can be seperated from the problem of distribution

Utility can be measured cardinally

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Question

6. Which of the following economist has/have developed compensation criteria?

  1. Nicolas Kaldor
  2. J.R. Hicks
  3. Scitovsky

Answers

Only I and II

I and III

All I, II and III

II and III

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Question

7. Coase theorem is related to…

Answers

Consumption pattern

Vicious circle of poverty

Wealth Inequality

Environmental pollution

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Question

8. Which of the following is an example of market failure?

  1. Climate change
  2. Greenhouse gas emissions
  3. Coastal Pollution

Answers

Only I

I and III

Only I and II

All I, II and III

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Question

9. Problem of ‘Free Riding’ is associated with

Answers

Public goods

 Private goods

Consumer durables

Consumer non-durables

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Question

10. Which of the following characteristics makes environment a public good?

  1. Non-rivalry
  2. Non-Excludability

Answers

Only I

 Only II

 Both I and II

Neither I nor II

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