Economics MCQs
Topic Notes: Economics
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
1
Which concept describes the management of resources to maximize current benefits while ensuring that the needs of future generations are not compromised?
Answer:
Sustainable development
Sustainable development is defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It emphasizes balancing economic growth, environmental protection, and social equity to ensure long-term viability for the planet and its inhabitants.
2
What is the primary objective of Integrated Pest Management (IPM) in agricultural systems?
Answer:
reduce yield losses by pests while minimizing the negative effects of pest control
Integrated Pest Management (IPM) is an ecosystem-based strategy that focuses on long-term prevention of pests through a combination of techniques such as biological control, habitat manipulation, modification of cultural practices, and use of resistant varieties. Pesticides are used only after monitoring indicates they are needed according to established guidelines, with treatments made with the goal of removing only the target organism while minimizing risks to human health, beneficial organisms, and the environment.