FORESTRY
FOREST MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They provide wood.
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They prevent soil erosion.
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They regulate the water cycle.
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None of the above
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Detailed explanation-1: -Forests provide wood, timber, raw materials, vegetables, and fruits, which have significant economic value. The timber is used in construction and making furniture. Wood is also essential in the production of paper. The rubber extracted from trees is used to make several products.
Detailed explanation-2: -Forests are recognized as an integral part of national economies, providing a wide range of production inputs, environmental goods, food, fuel, medicines, household equipment, building material and raw materials for industrial processing.
Detailed explanation-3: -What is the economic value of a tree? Since economics was founded as a discipline, there has been a single answer to this question: the value of a tree is equivalent to its market price. Through this lens, the economic value of the tree is simply its ‘exchange value’ in the market.
Detailed explanation-4: -Forest Economics: According to an expert panel report set up by the Ministry of Environment, forest and climate change(MoEF&CC): India’s forest resources are valued at an estimated $1.7 trillion. The Net Present Value (NPV) is also pegged between rupees 9-55 lakh per hectare.