The 'Paramparagat Krishi Vikas Yojana' promotes: MCQ with Answer and Explanation

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The 'Paramparagat Krishi Vikas Yojana' promotes:

A. hydroponics only

B. GM crops

C. organic farming

D. chemical farming

Answer: Option C

Solution (By JKSSB Mock Tests)

PKVY promotes organic farming through cluster-based approach.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Red Revolution' in India is associated with:

A. sugarcane

B. wheat

C. meat and tomato production

D. rice

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Correct Answer: Option C

Explanation:
The Red Revolution is associated with meat and tomato production.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'New Institutional Economics' approach?

A. It focuses only on technological change

B. It assumes zero transaction costs always

C. It ignores institutions completely

D. It emphasises the role of institutions, property rights and transaction costs in economic performance

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Correct Answer: Option D

Explanation:
New Institutional Economics, associated with Coase, North and Williamson, analyses how institutions, property-rights structures and transaction costs shape economic behaviour and long-run performance.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'current daily status' of unemployment measures unemployment on:

A. weekly basis

B. monthly basis

C. yearly basis

D. a day basis

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Correct Answer: Option D

Explanation:
Current daily status measures unemployment for each day of the reference week.

This question belongs to: Economy GK Economy Set 1

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