Topic Details (Notes format)

Climate Change: Challenges and Strategies

Subject: Economics

Book: Comprehensive Indian Economy

Climate change impacts India’s monsoon patterns, crop cycles, and urban heat islands, risking food security and higher disaster vulnerability. Strategies include shifting to renewables, climate-resilient agriculture, and international commitments (Paris Agreement). For exam readiness, study how rising sea levels threaten coastal infrastructure, how carbon pricing or green bonds can fund eco-friendly projects, and how local communities adapt. Students should highlight the synergy of economic growth with emission reduction, such as electric mobility expansions and afforestation drives. The balance between adaptation (managing climate impact) and mitigation (reducing greenhouse gases) features regularly in policy debates.

Practice Questions

What is the concept of “invisible hand” associated with?

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What is “open market operations” (OMO)?

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What is “inclusive growth”?

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What does “balance of trade” refer to?

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What is the primary role of the Securities and Exchange Board of India (SEBI)?

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What does the term “elasticity of demand” measure?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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What is meant by “liquidity trap”?

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What is meant by “crowding out” in economics?

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

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