Operation Flood is associated with: MCQ with Answer and Explanation

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Operation Flood is associated with:

A. fish farming

B. milk production and dairy development

C. poultry development

D. wheat production

Answer: Option B

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

In India, the exchange rate of the rupee is best described as:

A. fully floating with no RBI intervention

B. managed floating

C. pegged to the dollar

D. fixed by the government

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Correct Answer: Option B

Explanation:
India follows a managed floating exchange rate system with occasional RBI intervention.

This question belongs to: Economy GK Economy Set 1

Question #2

After 1991, industrial licensing in India was abolished for:

A. all industries including defence

B. only small scale industries

C. no industries

D. most industries except a short list related to security and strategic concerns

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Correct Answer: Option D

Explanation:
Industrial licensing was abolished for most industries, retaining a short list for strategic and security reasons.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of behavioural public finance, 'Tax Salience' refers to:

A. Only the progressivity of the tax

B. The degree to which a tax is noticed and taken into account by decision-makers

C. Only the statutory tax rate

D. Only the administrative cost of the tax

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Correct Answer: Option B

Explanation:
Tax salience measures how visible or noticeable a tax is to the agents who pay it; less salient taxes tend to produce smaller behavioural responses than more salient ones of equal magnitude.

This question belongs to: Economy GK Economy Set 1

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