Question : Which of the following best describes 'common property resources'?

Option 1: Resources owned and managed by the government

Option 2: Resources exclusively used by private corporations

Option 3: Natural resources shared by a community with access rights

Option 4: Resources found only in protected wildlife reserves

Question : Common property resources differ from public resources in that:
   

Option 1: They are privately owned and managed
   

Option 2: They are managed collectively by a community
   

Option 3: They are freely accessible to everyone without restrictions

Option 4: They are exclusively controlled by the government

Question : Common property resources are characterized by:
 

Option 1: Exclusive private ownership
   

Option 2: Open access to all without any restrictions
 

Option 3: Collective management and use by a community

Option 4: Strict government control and regulation

Question : Human capital refers to:

Option 1: Physical assets owned by individuals

Option 2: Knowledge, skills, and abilities possessed by individuals

Option 3: Financial resources invested in education

Option 4: Natural resources utilized by individuals

Question : What is a major challenge in managing common property resources?

Option 1: Privatization of all natural resources

Option 2: Lack of community involvement

Option 3: Excessive government regulation

Option 4: Abundance of resources