Operation Flood is associated with: MCQ with Answer and Explanation

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Operation Flood is associated with:

A. fish farming

B. poultry development

C. milk production and dairy development

D. wheat production

Answer: Option C

Solution (By JKSSB Mock Tests)

Operation Flood was a dairy development programme for increasing milk production.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Think Tank' of the Government of India for economic policy is:

A. NITI Aayog

B. SEBI

C. RBI

D. Finance Commission

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Correct Answer: Option A

Explanation:
NITI Aayog acts as the premier policy think tank of the Government of India.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of international reserves, the 'Guidotti-Greenspan Rule' suggests that:

A. Reserves should equal total external debt

B. Reserves are unnecessary under floating rates

C. Countries should hold reserves at least equal to short-term external debt

D. Reserves should equal only three months of imports

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Correct Answer: Option C

Explanation:
The Guidotti-Greenspan rule is a rule of thumb recommending that emerging-market countries hold foreign-exchange reserves at least equal to their short-term external debt in order to reduce vulnerability to sudden stops.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'reverse charge mechanism' under GST is applicable when:

A. a registered supplier sells to an unregistered recipient

B. goods are imported only

C. goods are exported

D. the recipient is required to pay tax instead of the supplier

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Correct Answer: Option D

Explanation:
Under reverse charge, the recipient pays GST instead of the supplier.

This question belongs to: Economy GK Economy Set 1

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