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

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The 'Golden Revolution' in India is associated with:

A. gold production

B. wheat production

C. milk production

D. horticulture and honey production

Answer: Option D

Solution (By JKSSB Mock Tests)

The Golden Revolution is associated with horticulture and honey production.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on government fees such as passport and visa is:

A. 5%

B. exempt

C. 0%

D. 18%

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Correct Answer: Option B

Explanation:
Government fees like passport and visa are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a component of the Union Budget of India?

A. Revenue Budget

B. Monetary Policy Statement

C. Finance Bill

D. Capital Budget

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Correct Answer: Option B

Explanation:
The Monetary Policy Statement is issued by the RBI. The Union Budget consists of the Revenue Budget, Capital Budget and related documents including the Finance Bill.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'MUDRA' loan category 'Tarun' covers loans from:

A. Rs 1 lakh to Rs 5 lakh

B. above Rs 10 lakh

C. Rs 5 lakh to Rs 10 lakh

D. up to Rs 50,000

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Correct Answer: Option C

Explanation:
MUDRA categories are Shishu up to Rs 50,000, Kishor Rs 50,000 to Rs 5 lakh, Tarun Rs 5 lakh to Rs 10 lakh.

This question belongs to: Economy GK Economy Set 1

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