Biodiversity and its Types

Living beings need air, water, food, shelter and many other things to survive. This note provides us an information on biodiversity and its types.

Summary

Living beings need air, water, food, shelter and many other things to survive. This note provides us an information on biodiversity and its types.

Things to Remember

  • Living beings need air, water, food, shelter and many other things to survive.
  • Biodiversity is the total number of the existing living organisms and their variation on the earth.
  • Species mean different types of animal, vegetation, crops found in the ecosystem.
  • The ecosystem is the biological community of interactive living beings in their natural setting.
  • Gene is a heredity character of living beings which is found in a nucleus of a living cell.

MCQs

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Subjective Questions

Q1:

What is balance sheet? What are the objectives of the balance sheet?


Type: Short Difficulty: Easy

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Answer: <p>The balance sheet is a statement of assets, capital, and liabilities of the business. It is the statement, which depicts the financial position of the business on a particular date.</p> <p>The balance sheet is one of the important statements for every business organization. It provides information about assets and liabilities to different interested parties like investors, lenders, bankers, creditors, government, and shareholders. The main objectives of balance sheet are as follows: -</p> <ol><li>To present the actual financial position of the business on a given date.</li> <li>To know the amount of trade debtors and creditors.</li> <li>To show the nature, value and position of all the assets and liabilities.</li> <li>To help to determine the actual value of the business at the time of sale or liquidation.</li> <li>To know the amount of capital owing to the owner at the close of the year.</li> <li>To help to obtain a loan from financial institutions by reflecting the actual financial position of the business.</li> <li>To serve as an evidence for setting disputes.</li> <li>To help to judge the liquidity and solvency position of the business.</li> <li>To help to evaluate the strengths and weaknesses of the business.</li> <li>To supply reliable information regarding assets and liabilities for making a comparison and preparing plans and policies.</li> </ol><p></p>

Q2:

What are the advantages of the balance sheet?


Type: Short Difficulty: Easy

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Answer: <p>The following are the main advantages and importance of balance sheet: -</p> <ol><li>It presents the true financial position of the business on a particular date. It gives the information about assets, capital and liabilities of the business.</li> <li>It helps to judge the liquidity and solvency position of the business.</li> <li>It provides the information of net profit or the net loss of the business during the year. The net profit is added to the capital, and net loss is deducted from the capital.</li> <li>It helps to evaluate the strengths and weaknesses of the business.</li> <li>It provides the reliable information about assets, liabilities and capital of the business, which helps in obtaining a loan from financial institutions.</li> <li>It helps for settling disputes.</li> <li>It helps for selling the business by presenting the true value of assets and liabilities.</li> </ol>

Q3:

Define balance sheet.


Type: Short Difficulty: Easy

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Answer: <p>The balance sheet is a statement of assets, capital, and liabilities of the business. It is not an account rather a financial statement. It presents the liability on the left-hand side and the assets on its right-hand side either in order of permanence or order of liquidity.</p> <p>According to Palmer,&ldquo;Balance sheet is a statement of a particular date showing on one side the trader&rsquo;s property and on the other side, the liabilities.&rdquo;</p> <p>According toO. P. Gupta,&ldquo;Balance sheet is a mirror, which reflect the true position of assets and liabilities of a business on a particular date.&rdquo;</p> <p>From the above definition, it is clear that balance sheetis the statement, which depicts the financial position of the business on a particular date. It provides information about assets and liabilities to different interested parties like investors, lenders, bankers, creditors, government, and shareholders.</p>

Q4:

What is balance sheet?


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>The balance sheet is a statement of assets, capital, and liabilities of the business. It is the statement, which depicts the financial position of the business on a particular date.</p>

Q5:

State any two objectives of the balance sheet.


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>The following are the main objectives of balance sheet:</p> <ol><li>To present the actual financial position of the business on a given date.</li> <li>To know the amount of trade debtors and creditors.</li> </ol>

Q6:

State any two advantages of preparing balance sheet


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>The following are the main advantages of balance sheet:</p> <ol><li>It presents the true financial position of the business on a particular date. It gives the information about assets, capital and liabilities of the business.</li> <li>It helps to judge the liquidity and solvency position of the business.</li> </ol>

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Preparation of Balance Sheet
Balance Sheet
Biodiversity and its Types

Biodiversity and its Types

Earth is the common habitat of all living beings. Living beings need air, water, food, shelter and many other things to survive. The environment is a surrounding which includes all living and non-living beings. 

Biodiversity

Biodiversity is the total number of the existing living organisms and their variation on the earth. The biodiversity of a place indicates the bacteria, gene, living beings and ecosystem existing in per square meter of land.

Classes of Bio-Diversity

There are three different classes of biodiversity. They are:

1. Species

Species means different types of animals, vegetation, crops found in the ecosystem. They include living beings and vegetation like man, elephant, birds, wheat, potato, etc. In Nepal, 0.03% of species are available. Species denote the number of group of living beings according to their similarity.

 

2. Eco-system

The ecosystem is the biological community of interactive living beings in their natural setting. Living beings survive according to their capacity and adaptation. Biodiversity is the result of the structure of the ecosystem, too.

3. Genes

Gene is a heredity character of living beings which is found in the nucleus of a living cell. It controls physical characteristics, growth and development of living being. They change and reproduce themselves. They are passed on from one generation to another.

 Types of Bio- Diversity

There are three types of biodiversity. They are:

1. Ecosystem diversity

The diversity within the ecosystem is called ecosystem diversity. Therefore, the diversity of habitats and life are formed within the system. It also refers to the type of ecosystem found within a bio-geographical or political boundary as it may be further referred to the variety of the ecological regions- The Terai, The Mountain and The Hill ecosystems. There are 180 ecosystems in Nepal. Similarly, 75 types vegetation and 35 types of forest recorded in Nepal. In Nepal, there are all types of ecosystems except desert and ocean ecosystems found in the world.

2. Genetic diversity

Various plants and animals of the earth have some kind of variety even among themselves. This variation is due to the ‘gene’, which is found in the nucleus of the body cell. Genes carry the hereditary characters from parents to offspring. Therefore, the genes have contributed maintaining the biodiversity.

3. Species diversity

Species, as a unit, used to classify the millions of life forms the earth. Each species is distinct and different from other species. A group of individuals which can interbreed or attract to interbreed each other is known as species. Monkey and tiger are distinct species, as cows and buffaloes. Species diversity refers to the frequency and variety of species within a specific geographical area. There are 153 species of different crops, 92 species of cereals, 42 species of paddy, 26 species of wheat, 15 species of maize.There are 364 weed species, 500 species of edible plants, 200 plants species, 100 varieties of major fruits, 200 vegetables and 10 varieties of potato.

 

 

 

Lesson

Environment and Sustainable Development

Subject

Science

Grade

Grade 8

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