The 'High Yielding Variety Programme' was launched in: MCQ with Answer and Explanation

Explanation:
Monetization of deficit occurs when the central bank directly purchases government securities, creating money.

Explanation:
According to the Heckscher-Ohlin theorem, a country exports goods that intensively use its relatively abundant factors of production and imports goods that intensively use its scarce factors.

Explanation:
Cost of production affects supply, not the elasticity of demand. Elasticity of demand depends on substitutes, nature of the good, income proportion, time, and habits.