The 'Brown Revolution' is associated with: MCQ with Answer and Explanation

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The 'Brown Revolution' is associated with:

A. leather and cocoa

B. fertilizer production

C. food processing

D. coffee and cocoa production

Answer: Option D

Solution (By JKSSB Mock Tests)

Brown Revolution is associated with coffee and cocoa production.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The concept of 'Opportunity Cost' is central to which branch of economics?

A. Only microeconomics

B. Only macroeconomics

C. Both micro and macroeconomics

D. Only international economics

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Correct Answer: Option C

Explanation:
Opportunity cost is a fundamental concept used in both microeconomics (individual choice) and macroeconomics (resource allocation at national level).

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'State Bank of India' was nationalized in which year?

A. 1949

B. 1980

C. 1955

D. 1969

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Correct Answer: Option C

Explanation:
The State Bank of India was nationalized in 1955.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Anti-profiteering Authority' was later replaced by which body under GST?

A. Central Board of Indirect Taxes and Customs

B. GST Appellate Tribunal

C. GST Council

D. Competition Commission of India

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Correct Answer: Option D

Explanation:
The NAA's functions were transferred to the Competition Commission of India.

This question belongs to: Economy GK Economy Set 1

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