Water Resource Economics — MCQ Practice

Which of the following statements regarding water resource management in India is/are correct? 1. Water is primarily a subject under the Union List of the Seventh Schedule. 2. The Inter-State River Water Disputes Act, 1956, allows the Supreme Court to adjudicate inter-state river disputes. 3. The National Water Policy (2012) advocates for volumetric pricing of water for agricultural use. Select the correct answer using the code given below:

Which of the following methods is/are used for the economic valuation of non-market benefits of water resources? 1. Contingent Valuation Method 2. Production Function Approach 3. Hedonic Pricing Method 4. Travel Cost Method Select the correct answer using the code given below:

Consider the following statements regarding groundwater management in India: 1. Subsidized electricity for agricultural pumps has contributed to groundwater depletion. 2. Groundwater is typically considered a 'private good' due to individual well ownership. 3. Participatory Irrigation Management (PIM) primarily focuses on groundwater recharge initiatives. Which of the statements given above is/are correct?

Assertion (A): The National Water Policy (2012) emphasizes the need for volumetric pricing of water for agricultural use. Reason (R): Volumetric pricing incentivizes efficient water use and promotes cost recovery for irrigation projects. In the context of the above two statements, which one of the following is correct?

Which of the following are the economic implications of inter-state river water disputes in India? 1. Delays in the implementation of multi-state irrigation and power projects. 2. Suboptimal utilization of shared water resources. 3. Increased investment in water-intensive crops in upstream states. 4. Enhanced cooperative federalism in water governance. Select the correct answer using the code given below: