The 'Amul brand' is owned by: MCQ with Answer and Explanation

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The 'Amul brand' is owned by:

A. Gujarat Cooperative Milk Marketing Federation

B. Nestle

C. Mother Dairy

D. NDDB

Answer: Option A

Solution (By JKSSB Mock Tests)

Amul is owned by the Gujarat Cooperative Milk Marketing Federation.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Fiscal Responsibility and Budget Management Act' originally targeted elimination of revenue deficit by which year?

A. 2013-14

B. 2008-09

C. 2010-11

D. 2006-07

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Correct Answer: Option B

Explanation:
FRBM aimed to eliminate revenue deficit by 2008-09.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of production, the law of variable proportions is also known as:

A. Law of returns to scale

B. Law of diminishing returns

C. Law of constant returns

D. Law of increasing returns

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Correct Answer: Option B

Explanation:
The law of variable proportions (or law of diminishing returns) states that as more units of a variable factor are applied to a fixed factor, after a point, the marginal product of the variable factor diminishes.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Startup India' action plan was launched in:

A. 2016

B. 2018

C. 2017

D. 2014

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Correct Answer: Option A

Explanation:
Startup India was launched in January 2016.

This question belongs to: Economy GK Economy Set 1

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