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The resources whose quantities are known, named as
  • a)
    potential resources
  • b)
    actual resources
  • c)
    stock
  • d)
    all of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The resources whose quantities are known, named asa)potential resourc...
Actual resources have been surveyed, their quantity and quality determined, and are being used in present times. For example, petroleum and natural gas are actively being obtained from the Mumbai High Fields.
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Most Upvoted Answer
The resources whose quantities are known, named asa)potential resourc...
Actual Resources:
Actual resources refer to those resources whose quantities are known and are currently being utilized. These resources are tangible and can be measured accurately.

Explanation:
- Actual resources are the resources that are present in the environment and are being used by humans for various purposes.
- These resources include natural resources such as water, air, minerals, forests, etc., as well as human-made resources like machinery, tools, buildings, etc.
- Actual resources are essential for the economic development of a country and play a crucial role in the daily lives of people.
- By knowing the quantities of actual resources available, individuals, organizations, and governments can effectively plan their usage and conservation strategies.

Significance:
- Understanding the quantities of actual resources is important for sustainable development and environmental conservation.
- By managing actual resources efficiently, we can ensure their availability for future generations and prevent overexploitation.
- Knowing the quantities of actual resources also helps in making informed decisions regarding resource allocation and utilization.
In conclusion, actual resources are valuable assets that need to be carefully managed to ensure their sustainability and availability for future generations. It is crucial to understand the quantities of actual resources to make informed decisions and promote responsible resource management practices.
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The resources whose quantities are known, named asa)potential resourcesb)actual resourcesc)stockd)all of theseCorrect answer is option 'B'. Can you explain this answer?
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