The Economics of Weather: Checkpoint 1

Quick checkpoint - five questions on weather, forecasts, heat, shopping and fog.

Question 1 of 5 Why are weather forecasts a public good?

One person's use doesn't reduce another's They're sold privately They're always wrong They're taxed

IMD provides official forecasts.

Question 2 of 5 Which city launched India's first Heat Action Plan?

Ahmedabad Shimla Kochi Srinagar

It began in 2013.

Question 3 of 5 What does rain do to food delivery?

Boosts orders Stops all orders Has no effect Lowers prices

Apps may add rain surcharges.

Question 4 of 5 What helps planes land in dense fog?

CAT III landing systems More fuel Bigger wheels Night flights

Delhi uses them.

Question 5 of 5 What is basis risk in weather insurance?

A farmer's loss not matching the weather station reading A tax A loan A cyclone

More stations reduce it.

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