Topic Details (Notes format)

Environmental Economics and Sustainable Development

Subject: Economics

Book: Comprehensive Indian Economy

India’s rapid industrial growth strains natural resources and generates pollution. Environmental economics quantifies these externalities, urging corrective taxes or incentives. Policies like the National Action Plan on Climate Change promote solar energy, energy efficiency, and afforestation. However, balancing the needs of a developing population with ecological conservation remains challenging. Exam questions often connect resource management (forests, water) to livelihood security, especially for tribal or rural communities. Focus also on green financing, corporate social responsibility mandates, and the interplay of environmental laws with economic policies for sustainable growth.

Practice Questions

Which of the following is NOT a function of the World Trade Organization (WTO)?

View Question

Which term refers to the decrease in the value of a currency relative to foreign currencies?

View Question

Which of the following is NOT part of the World Bank Group?

View Question

What is “CRR” in banking terminology?

View Question

What is meant by “liquidity trap”?

View Question

Which term refers to an economy that has elements of both capitalism and socialism?

View Question

Which of the following measures can reduce a trade deficit?

View Question

Which of the following causes demand-pull inflation?

View Question

What does “balance of trade” refer to?

View Question

What is the “law of diminishing marginal utility”?

View Question