The 'Pink Revolution' in India is associated with: MCQ with Answer and Explanation

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The 'Pink Revolution' in India is associated with:

A. onion and pharmaceutical production

B. milk

C. wheat

D. shrimp production

Answer: Option A

Solution (By JKSSB Mock Tests)

Pink Revolution is associated with onion and pharmaceutical production.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on government services is:

A. always 28%

B. always 18%

C. exempt for certain government services and taxable for others

D. always exempt

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Correct Answer: Option C

Explanation:
Some government services are exempt, others taxable.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Social Assistance Programme' provides social assistance to:

A. government employees

B. all citizens

C. children only

D. elderly, widows and disabled persons in need

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Correct Answer: Option D

Explanation:
NSAP provides social assistance to elderly, widows and persons with disabilities.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of public finance, 'Revenue Deficit' indicates:

A. Excess of revenue expenditure over revenue receipts

B. Excess of capital expenditure over capital receipts

C. Total borrowing requirement of the government

D. Fiscal deficit minus interest payments

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Correct Answer: Option A

Explanation:
Revenue deficit = Revenue expenditure − Revenue receipts. It shows the shortfall in revenue receipts to meet revenue expenditure.

This question belongs to: Economy GK Economy Set 1

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