Sustainable Development and Valuation of Environment Economics MCQs

Question. Which of the following is often referred to as the hedonic price method for valuing environmental assets?
(a) Using option value to estimate the value of an environmental asset
(b) Using travel cost to estimate the value of an environmental asset
(c) Using linkages between variation in house prices and geographical proximity to an environmental asset
(d) Using willingness to pay to value an environmental asset

Answer: C

Question. Which of the following is not included in the parameters of sustainable development?
(a) Carrying capacity
(b) Inter and Intra-generation equity
(c) Gender disparity and diversity
(d) None of the options

Answer: C

Question. According to MGD Report, what is the percentage of extreme poverty in India in 2011?
(a) 49.4%
(b) 24.7%
(c) 30.85%
(d) 25.6%

Answer: B

Question. According to MGD report what is the criterion for extreme poverty?
(a) $ 1 a day
(b) Less than $1.50
(c) Less than $ 1.25
(d) Less than $ a day

Answer: C

Question. What was the Bruntland Commission?
(a) The world commission on economic growth
(b) The world commission on worldwide neo-liberal reform
(c) The world commission on environment and development
(d) The world commission on trade and development

Answer: A

Question. An impact assessment whether health impact assessment, environmental, social, environmental technology assessment should be
(a) Retrospective
(b) Prospective
(c) Subjective
(d) Apathetic

Answer: C

Question. Consider the following statement (s) related to the parameters of sustainable development refer to the guiding principles.
(a) Both I & II
(b) Both II & III
(c) Both I & IV
(d) I,II & III

Answer: D

Question. The maximum number of individuals that can be supported by a given environment is called
(a) Biotic potential
(b) Carrying capacity
(c) Environmental resistance
(d) Population size

Answer: C

Question. The name given to a tax which makes the firm pay for all the pollution damage it creates with each extra unit of output
(a) Coase theorm
(b) Option value
(c) Existence value
(d) Piguvion tax

Answer: D

Question. What is sustainable development?
(a) The development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
(b) To conserve natural resources and to develop alternate sources of power while reducing pollution and harm to the environment
(c) It is the practice of developing land and construction projects in a manner that reduces their impact on the environment by allowing them to create energy efficient models of self-sufficiency
(d) All of the options

Answer: A

Question. The United Nations Commission on Sustainable Development (CSD) was established by the UN General Assembly in December-------.
(a) 1992
(b) 1993
(c) 1994
(d) 1995

Answer: A

Question. Which of the following is correct, if we only achieve two out of three pillars of Sustainable Development?
(a) Social + Economic Sustainability= Equitable
(b) Social + Environmental Sustainability= Bearable
(c) Economic+ Environmental Sustainability= Viable
(d) All of the above

Answer: D

Question. What is the deadline to achieve MGD?
(a) 2020
(b) 2040
(c) 2025
(d) 2015

Answer: D

Question. A stationary population is when population growth is
(a) Increasing at an increasing rate
(b) Decreasing
(c) Zero
(d) 100%

Answer: C

Question. 3 Meeting the needs of the present without compromising the ability of future generation to meet their own need’ is given by:
(a) Bruntland
(b) Mahatma Gandhi
(c) Mathaaii
(d) Sunderlal Bahugana

Answer: A

Question. Which among the following method of environmental valuation involves finding a link between environmental change and a production condition for some marketed goods
(a) Travel cost Method
(b) Contingent Valuation Method
(c) Hedonic Pricing
(d) Production function

Answer: D

Question. When was the term Sustainable Development came into existence?
(a) 1987
(b) 1980
(c) 1978
(d) 1992

Answer: B

Question. Which was the venue for millennium summit?
(a) Paris
(b) New York
(c) London
(d) Rio D Janero

Answer: B

Question. Sustainable development means
(a) Development of underdeveloped countries
(b) Meeting the needs of the present generation without compromising the needs of the future generation
(c) Development of underdeveloped resources
(d) Development of water resources

Answer: B

Question. The author of the book An Essay on Principles of Population is
(a) Malthus
(b) James Princep
(c) Keynes
(d) Frank Notenstein

Answer: A

Question. Ecological Foot Prints Approach is associated with
(a) David Pearce
(b) Daly & Cobb
(c) Solow
(d) Rees & Wackernagel

Answer: D

Question. Supporting capacity and assimilative capacity are the components of
(a) Carrying capacity
(b) Holding capacity
(c) Containing capacity
(d) Capturing capacity

Answer: A

Question. Who was UN Secy- General during declaration of MGD?
(a) Kurt Waldheim
(b) Ban Ki Moon
(c) Boutros Boutros Ghale
(d) Kofi Annan

Answer: D

Question. Which of the following items are included within the definition of Total Economic Value
(a) Existence Value
(b) Use Value
(c) Option Value
(d) Correction Value

Answer: A

Question. What are the Primary Goals of Sustainability?
I The end of poverty and hunger
II. Better standards of education and healthcare - particularly as it pertains to water quality and better sanitation
III To achieve gender equality
IV Sustainable economic growth while promoting jobs and stronger economies
Code:
(a) I, II & III
(b) I, III & IV
(c). I & III
(d) I, II, III & IV

Answer: D

Question. Which of the following diseases are covered under MDG?
(a) HIV/AIDS
(b) Malaria
(c) Tuberculosis
(d) All of the options

Answer: D

Question. Social, economical and ecological equity is the necessary condition for achieving
(a) Social development
(b) Economical development
(c) Sustainable development
(d) Ecological development

Answer: C

Question. Which of the following is/are not an objective (s) of sustainable development?
(a) Continue to implement the family planning program
(b) Maintain a dynamic balance of arable land (not less than 123 million hectares) and implement an agricultural development strategy
(c) Maintain a dynamic balance of water resources by reducing water consumption for every unit of gross development product growth and agricultural value added
(d) To bring about a gradual and sometime catastrophic transformation of environment

Answer: D

Question. Infrastructure related objectives of MDG does not include
(a) Access to safe drinking water
(b) Energy
(c) Modern information/communication technology
(d) Development of road infrastructure

Answer: D

Fill in the blanks :

Question. The existence value is often termed as ____________. 
Answer: Non-use value:

Question. Revealed Preference methods are ________because they involve actual behavior and ________because they infer a value rather than estimate it directly. 
Answer: Observable; indirect:

Question. Sustainable development is a larger issue encompassing a balanced approach towards economic, ecological and ________development. 
Answer: Social:

Question. The environmental space as a measure of sustainable development is associated with the pioneer work of _____________. 
Answer: Schmdt-Bleek:

Question. The trade –off game method is a variant of the _________game wherein respondents are asked to choose between two different bundles of goods. 
Answer: Bidding:

Question. Pressure indicators of Sustainable development refers to ________variables. 
Answer: Flow:

Question. Value can be broadly categorised as either _________or intrinsic. 
Answer: Instrumental:

Question. A macro indicator related to environmentally adjusted net domestic product is ________________. 
Answer: Genuine savings:

Question. _____and _____ have formulated the index of sustainable economic welfare as the genuine progress indicator. 
Answer: Daly and Cobb:

Question. _____________measure is known as genuine savings. 
Answer: Pearce –Atkinson:

Question. The underlying assumption of the ___________method is that the price of a property is related to the stream of benefits to be derived from it. 
Answer: Hedonic price:

Question. __________and __________have developed ecological footprints measure as an indicator of sustainability. 
Answer: Rees and Wackernagel:

Question. ___________________defines the amount of investment in human capital that is needed to offset declining stocks of non-renewable resources. 
Answer: Hartwick’ Rule:

Question. Millennium Development Goals 1 is to eradicate extreme poverty and _________. 
Answer: Hunger:

Question. The ________method is a variant of the survey-based techniques wherein experts, rather than consumers are interviewed. 
Answer: Delphi:

Question. Sustainable development was first defined by an Indian economist _________in the Brundtland Report. 
Answer: Nitin Desai:

Question. ___________is mandatory under the Environment Protection Act 1986. 
Answer: Environmental Impact Assessment (EIA):

Question. Millenium Development Goals 6 is to combat HIV/AIDS, ________and other diseases. 
Answer: Malaria:

Question. ______________represents the value which an individual is willing to pay for the environmental amenity. 
Answer: Existence Value:

Question. Sustainable development stress upon the need for distributional equity-inter-generation and _____________ . 
Answer: Intra - generation: