The law of variable proportions is associated with the: MCQ with Answer and Explanation

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The law of variable proportions is associated with the:

A. all time periods equally

B. long run

C. very long run

D. short run

Answer: Option D

Solution (By JKSSB Mock Tests)

The law of variable proportions operates in the short run when at least one factor is fixed.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Wholesale Price Index' in India is compiled by:

A. RBI

B. Ministry of Finance

C. Office of Economic Adviser, Ministry of Commerce and Industry

D. NITI Aayog

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Correct Answer: Option C

Explanation:
The WPI is compiled by the Office of Economic Adviser in the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of Indian planning, the First Five Year Plan focused primarily on:

A. Agriculture and irrigation

B. Information technology

C. Export promotion

D. Heavy industries

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Correct Answer: Option A

Explanation:
The First Five Year Plan (1951-56) gave priority to agriculture, irrigation and power to address food shortages and build a foundation for future growth.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Universal Immunization Programme' aims to protect children against:

A. only COVID-19

B. only polio

C. only smallpox

D. vaccine-preventable diseases including polio, measles, tuberculosis and others

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Correct Answer: Option D

Explanation:
Universal Immunization Programme protects children against multiple vaccine-preventable diseases.

This question belongs to: Economy GK Economy Set 1

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