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FOUNDATIONEconomic BasicsDemand · Supply · Cost · ProductionMACRO ECONOMYGDP, Inflation & BudgetNational Income · Tax · Fiscal PolicyMONEY & CREDITRBI & BankingRepo · CRR · SLR · Financial InstitutionsINDIAN ECONOMYPlanning & DevelopmentNITI · Poverty · Employment · SchemesFINANCIAL SYSTEMMarkets & TradeSEBI · BSE · NSE · Foreign Trade

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National Income, Inflation & Public Finance · 5

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READY FOR QUESTIONSBasics of Economics
READY FOR QUESTIONSCost, Production, Consumption and Market
READY FOR QUESTIONSDemand and Supply
READY FOR QUESTIONSEconomics Miscellaneous
READY FOR QUESTIONSGovernment Schemes
READY FOR QUESTIONSIndian Economy: Central Problems and Planning
READY FOR QUESTIONSInternational Organisations
READY FOR QUESTIONSMoney, Banking and Financial Institutions
READY FOR QUESTIONSNational Income, Inflation, Budget, Taxation and GDP
READY FOR QUESTIONSStocks, Debentures and Foreign Trade

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Economics Quick Practice

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Q1

With reference to the concept of Blue Economy, consider the following statements:
1. It includes economic activities associated with oceans and coastal regions.
2. It necessarily requires complete prohibition of extraction of non-renewable marine resources.
3. Ecological sustainability and livelihood security are important elements of the concept.
Which of the statements given above are correct?

नीली अर्थव्यवस्था की अवधारणा के संदर्भ में निम्नलिखित कथनों पर विचार कीजिए:
1. इसमें महासागरों और तटीय क्षेत्रों से संबंधित आर्थिक गतिविधियाँ शामिल हैं।
2. इसके अंतर्गत गैर-नवीकरणीय समुद्री संसाधनों के निष्कर्षण पर पूर्ण प्रतिबंध अनिवार्य है।
3. पारिस्थितिक सततता और आजीविका सुरक्षा इस अवधारणा के महत्वपूर्ण तत्व हैं।
उपर्युक्त में से कौन-से कथन सही हैं?

  1. 1 and 3 onlyकेवल 1 और 3
  2. 2 and 3 onlyकेवल 2 और 3
  3. 1 and 2 onlyकेवल 1 और 2
  4. 1, 2 and 31, 2 और 3
Check answer
Answer: 1 and 3 only / केवल 1 और 3

Statements 1 and 3 are correct. The Blue Economy concerns sustainable economic use of oceans, seas and coastal resources. Fisheries, shipping, ports, tourism, offshore energy and marine biotechnology can form part of it. Sustainability does not automatically mean a complete prohibition on every non-renewable resource. Rather, economic utilisation must operate within environmental, legal and social safeguards.

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Q2

Which one of the following best distinguishes the Blue Economy from the broader Ocean Economy?

निम्नलिखित में से कौन-सा नीली अर्थव्यवस्था को व्यापक महासागरीय अर्थव्यवस्था से सबसे उपयुक्त रूप से अलग करता है?

  1. Blue Economy includes only fisheriesनीली अर्थव्यवस्था में केवल मत्स्य पालन शामिल होता है
  2. Blue Economy explicitly emphasises sustainability, ecosystem health and inclusive developmentनीली अर्थव्यवस्था सततता, पारिस्थितिक स्वास्थ्य और समावेशी विकास पर स्पष्ट बल देती है
  3. Ocean Economy excludes maritime transportमहासागरीय अर्थव्यवस्था में समुद्री परिवहन शामिल नहीं होता
  4. Blue Economy is restricted to activities beyond national jurisdictionनीली अर्थव्यवस्था केवल राष्ट्रीय अधिकार क्षेत्र से बाहर की गतिविधियों तक सीमित है
Check answer
Answer: Blue Economy explicitly emphasises sustainability, ecosystem health and inclusive development / नीली अर्थव्यवस्था सततता, पारिस्थितिक स्वास्थ्य और समावेशी विकास पर स्पष्ट बल देती है

The distinguishing feature is the normative emphasis on sustainability. The Ocean Economy may broadly describe economic activity linked with oceans, whereas the Blue Economy seeks economic benefits while maintaining ecosystem health, resource sustainability and social inclusion.

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Q3

With reference to the Exclusive Economic Zone (EEZ), consider the following statements:
1. A coastal state possesses specified sovereign rights relating to natural resources in its EEZ.
2. An EEZ is legally identical to the sovereign land territory of the coastal state.
3. Fisheries and offshore energy resources may fall within the economic significance of an EEZ.
Which of the statements given above are correct?

अनन्य आर्थिक क्षेत्र के संदर्भ में निम्नलिखित कथनों पर विचार कीजिए:
1. तटीय राज्य को अपने अनन्य आर्थिक क्षेत्र में प्राकृतिक संसाधनों से संबंधित विशिष्ट संप्रभु अधिकार प्राप्त होते हैं।
2. अनन्य आर्थिक क्षेत्र विधिक रूप से तटीय राज्य के संप्रभु भू-भाग के समान होता है।
3. मत्स्य संसाधन और अपतटीय ऊर्जा संसाधन अनन्य आर्थिक क्षेत्र के आर्थिक महत्व का हिस्सा हो सकते हैं।
कौन-से कथन सही हैं?

  1. 1 onlyकेवल 1
  2. 2 and 3 onlyकेवल 2 और 3
  3. 1 and 3 onlyकेवल 1 और 3
  4. 1, 2 and 31, 2 और 3
Check answer
Answer: 1 and 3 only / केवल 1 और 3

Statements 1 and 3 are correct. In an EEZ, the coastal state enjoys sovereign rights for purposes such as exploring, exploiting, conserving and managing natural resources, subject to international law. This does not make the EEZ legally equivalent to sovereign land territory or even the territorial sea.

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