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

The 'High Yielding Variety Programme' was launched in:
A. 1972
B. 1956
C. 1980
D. 1966
Answer: Option D
Solution (By JKSSB Mock Tests)
The High Yielding Variety Programme was launched in 1966.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the Classical theory of interest?
A. Interest is determined by demand and supply of real savings and investment
B. Interest is determined by demand and supply of money
C. Liquidity preference determines interest
D. Interest is a monetary phenomenon only

Correct Answer: Option A


Explanation:
In classical theory, the rate of interest is a real phenomenon determined by the demand for investment and the supply of savings.

This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Seigniorage' refers to:
A. Interest paid on government bonds
B. Deficit financing through external loans
C. Profit earned by the government from printing currency
D. Revenue from income tax

Correct Answer: Option C


Explanation:
Seigniorage is the difference between the face value of money and the cost of producing it; it represents the real resource gain to the government from issuing currency.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a non-tax revenue of the government?
A. Corporation tax
B. Customs duty
C. Income tax
D. Interest receipts

Correct Answer: Option D


Explanation:
Non-tax revenue includes interest receipts, dividends and profits from PSUs, fees, fines, etc. Taxes like corporation tax, income tax and customs duty are tax revenues.

This question belongs to: Economy GK Economy Set 1