The 'Blue Revolution' in India is associated with: MCQ with Answer and Explanation

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The 'Blue Revolution' in India is associated with:

A. oilseeds production

B. fisheries and aquaculture development

C. poultry farming

D. milk production

Answer: Option B

Solution (By JKSSB Mock Tests)

The Blue Revolution refers to the development of fisheries and aquaculture.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is an example of a flow variable in economics?

A. National wealth

B. Capital stock

C. Money supply at a point in time

D. National income

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Correct Answer: Option D

Explanation:
National income is a flow variable as it is measured over a period of time. Wealth, capital stock and money supply at a point in time are stock variables.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' zero rating on exports means:

A. exports are taxed at zero rate and input tax credit is allowed

B. exports are banned

C. exports are taxed at 5%

D. exports are exempt with no input tax credit

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Correct Answer: Option A

Explanation:
Zero-rated supplies are taxed at 0% and allow input tax credit refunds.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'United Nations' has how many member states?

A. 150

B. 200

C. 193

D. 220

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Correct Answer: Option C

Explanation:
The United Nations has 193 member states.

This question belongs to: Economy GK Economy Set 1

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