I. It should be possible to use it for the benefit of man. |
II. It can be transformed into more useful and valuable goods. |
III. Things can be converted into resources even without any development in science and technology. |
IV. High technology is required for developing resources for which enough capital should be available. |
A) Only I and II
B) Only II and III
C) Only III and IV
D) Only I, II and IV
Correct Answer: D
Solution :
Any material cannot be called a resource till it satisfies the following conditions: |
(i) It should be possible to use it. |
(ii) It can be transformed into more useful and valuable goods. |
(iii) There should be sufficient development of science and technology for the exploitation of the resources. |
(iv) Enough capital should be available to acquire technology. |
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