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

What is meant by “marginal propensity to consume”?

View Question

What is the meaning of "fiscal deficit"?

View Question

Which of the following is NOT an example of an indirect tax?

View Question

Which of the following is an example of a non-renewable resource?

View Question

Which of the following statements best defines Gross Domestic Product (GDP)?

View Question

What does the term “national income” refer to?

View Question

What is the main aim of Public Distribution System (PDS) in India?

View Question

What does the term “elasticity of demand” measure?

View Question

Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

View Question

What is meant by “liquidity trap”?

View Question