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Statement 1: Environmental concerns of waste generation and pollution have become critical, due to reversal of demand and supply relationship. Statement 2: Environmental crisis happens when the rate - Economics

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Question

Statement 1: Environmental concerns of waste generation and pollution have become critical, due to reversal of demand and supply relationship.

Statement 2: Environmental crisis happens when the rate of resource extraction is less than that of regeneration of resource.

In the light of the given statements, choose the correct option from the following:

Options

  • Statement 1 is true, and Statement 2 is false.

  • Statement 1 is false, and Statement 2 is true.

  • Both statements 1 and 2 are true.

  • Both statements 1 and 2 are false.

MCQ
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Solution

Statement 1 is true, and Statement 2 is false.

Explanation:

  • The reversal of the demand-supply relationship has raised serious environmental issues. Therefore, statement 1 is correct.
  • An environmental crisis develops when the rate of resource extraction exceeds the rate of regeneration. Therefore, statement 2 is wrong.
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2024-2025 (March) Outside Delhi Set 1
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