The 'Green Revolution' in India began in the mid: MCQ with Answer and Explanation

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The 'Green Revolution' in India began in the mid:

A. 1940s

B. 1960s

C. 1990s

D. 1980s

Answer: Option B

Solution (By JKSSB Mock Tests)

The Green Revolution began in India in the mid-1960s.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on real estate under-construction properties is:

A. 0%

B. 12%

C. 5% or 1% for affordable housing

D. 18%

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Correct Answer: Option C

Explanation:
Under-construction residential properties attract 5% GST (1% for affordable housing without ITC).

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'GST Council' is a constitutional body under which article?

A. Article 246A

B. Article 279A

C. Article 280

D. Article 324

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Correct Answer: Option B

Explanation:
The GST Council is constituted under Article 279A.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of digital platforms, 'Network Effects' imply that:

A. Only offline networks matter

B. The value of the platform to each user rises with the number of other users

C. Network size is irrelevant

D. The value of the platform falls with more users

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Correct Answer: Option B

Explanation:
Network effects (or network externalities) exist when the utility a user derives from a platform increases with the number of other users on the same side or the opposite side of the market.

This question belongs to: Economy GK Economy Set 1

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