question_answer

Direction: Read the given passage carefully and answer the questions that follow. Modern economics does not differentiate between renewable and non renewable materials, as its method is to measure everything by means of a money price. Thus, taking various alternative fuels, like coal, oil, wood or water power: the only difference between them recognized by modern economics is relative cost per equivalent unit. The cheapest is automatically the one to be preferred, as to do otherwise would be irrational and ?uneconomic?. From a Buddhist point of view, of course, this will not do. The essential difference between non renewable fuels like coal and oil on one hand, and renewable fuels like wood and water power on the other cannot be simply overlooked. Non renewable goods must be used only if they are indispensable, and then only with the greatest care and the highest concern for conservation. To use them carelessly or extravagantly is an act of violence, and while complete non violence may not be possible on this earth, it is none the less the duty of man to aim at the ideal of non violence in all he does.

Which of the following statements may be assumed to be correct from the information given in the passage? i. Modern economics differentiate between renewable and non-renewable materials. ii. Buddhists economists are indifferent to the cost of fuels. iii. To use oil on non-essentials is contrary to the Buddhist economic philosophy. iv. To use oil extravagantly is an act of violence, as per the Buddhist economist.

A) i and ii

B) i, ii and iv

C) iii and iv

D) i, ii, iii and iv

E) None of these