Understanding Bhutan's Economy

What is the primary currency used in Bhutan?

• Dollar

• Yen

• Rupee

• Ngultrum

Which sector contributes the most to Bhutan's GDP?

• Tourism

• Manufacturing

• Mining

• Agriculture

What is Gross National Happiness (GNH) in the context of Bhutan's economy?

• A political party in Bhutan

• A tourism initiative to attract visitors

• A measure of Bhutan's GDP growth

• Gross National Happiness (GNH) is a development philosophy in Bhutan that prioritizes the well-being and happiness of its citizens over economic growth.

How does Bhutan's government promote sustainable development?

• Bhutan promotes sustainable development through its Gross National Happiness framework, focusing on environmental conservation and sustainable practices.

• By focusing solely on tourism development without sustainability measures.

• Through the implementation of a strict industrialization policy.

• By prioritizing economic growth over environmental concerns.

What role does agriculture play in Bhutan's economy?

• Agriculture only serves as a luxury for the wealthy in Bhutan.

• Agriculture is primarily focused on exporting cash crops to other countries.

• Agriculture is not significant in Bhutan's economy.

• Agriculture plays a crucial role in Bhutan's economy by providing employment, ensuring food security, and contributing to GDP.

Which country is Bhutan's largest trading partner?

• Bangladesh

• China

• India

• Nepal

What is the significance of hydropower in Bhutan's economy?

• Hydropower has no impact on Bhutan's economy.

• Hydropower is vital for Bhutan's economy, driving GDP growth, generating export revenue, and supporting sustainable development.

• Hydropower is a minor source of energy in Bhutan.

• Hydropower is primarily used for irrigation in Bhutan.

How does tourism impact Bhutan's economy?

• Tourism has no effect on Bhutan's economy.

• Tourism primarily harms Bhutan's cultural heritage.

• Tourism leads to a decrease in job opportunities in Bhutan.

• Tourism boosts Bhutan's economy by generating revenue, creating jobs, and promoting sustainable development.

What are some challenges faced by Bhutan's economy?

• Robust tourism industry

• Challenges faced by Bhutan's economy include reliance on hydropower, climate vulnerability, limited industrial diversification, a small domestic market, and high import dependence.

• Strong agricultural sector

• High levels of foreign investment

How does Bhutan balance economic growth with environmental conservation?

• By ignoring environmental issues altogether

• Bhutan balances economic growth with environmental conservation by prioritizing Gross National Happiness, enforcing environmental regulations, promoting sustainable tourism, and investing in renewable energy.

• By focusing solely on industrial expansion

• By prioritizing foreign investments over local needs