1 View

Question : Which of the following is an example of a common-pool resource?

 

Option 1: A private beach
 

Option 2: A toll road
 

Option 3: A fishery

 

Option 4: A shopping mall


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: A fishery


Solution : The correct answer is (c) A fishery.

A common-pool resource refers to a resource that is non-excludable but rivalrous in nature. This means that it is difficult to exclude individuals from using the resource, and when one person uses it, it diminishes the availability or quality of the resource for others.

In the given options, a fishery best fits the definition of a common-pool resource. A fishery is a natural resource where multiple individuals or fishing companies can access and harvest fish. The fishery is non-excludable because it is challenging to prevent fishing activities in open waters, and it is rivalrous because if one person catches a fish, it reduces the number of fish available for others to catch.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
SLAT 2025 - The Symbiosis Law...
Apply
Conducted by Symbiosis International (Deemed University) | Ranked #5 in Law by NIRF | Ranked #2 among best Pvt Universities by QS World Rankings
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University MBA Admissio...
Apply
Highest CTC 70 LPA | Avg CTC 11.22 LPA | Ranked #55 by NIRF
ISBR Business School PGDM Adm...
Apply
Ranked as Platinum Institute by AICTE for 5 years in a row | Awarded Best Business School of the Year
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books