The 'C2 cost' in agriculture includes A2 plus family labour plus: MCQ with Answer and Explanation

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The 'C2 cost' in agriculture includes A2 plus family labour plus:

A. only fertilizer cost

B. only seed cost

C. only pesticide cost

D. interest on land and fixed capital

Answer: Option D

Solution (By JKSSB Mock Tests)

C2 cost includes A2 plus family labour plus interest on land and fixed capital.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on sugar confectionery is:

A. 5%

B. 18%

C. 28%

D. 12%

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Correct Answer: Option B

Explanation:
Sugar confectionery attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'OPEC' is an organization of:

A. natural gas exporters only

B. oil-exporting countries

C. coal exporters

D. oil-importing countries

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Correct Answer: Option B

Explanation:
OPEC is the Organization of the Petroleum Exporting Countries.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Education Policy 2020' proposes which curricular structure in schools?

A. 4+3+3+2

B. 8+4

C. 10+2

D. 5+3+3+4

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Correct Answer: Option D

Explanation:
NEP 2020 proposes a 5+3+3+4 curricular and pedagogical structure.

This question belongs to: Economy GK Economy Set 1

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