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

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The 'Red Revolution' in India is associated with:

A. wheat

B. sugarcane

C. rice

D. meat and tomato production

Answer: Option D

Solution (By JKSSB Mock Tests)

The Red Revolution is associated with meat and tomato production.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Fiscal Multiplier' measures:

A. Only the change in the money supply

B. Only the change in interest rates

C. Only the change in the exchange rate

D. The change in output resulting from a unit change in government spending or taxes

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Correct Answer: Option D

Explanation:
The fiscal multiplier is the ratio of the change in real GDP to an exogenous change in the fiscal instrument (government purchases or taxes).

This question belongs to: Economy GK Economy Set 1

Question #2

The 'FDI' in single brand retail is allowed up to what percentage?

A. 74%

B. 100%

C. 49%

D. 51%

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Correct Answer: Option B

Explanation:
FDI in single brand retail is allowed up to 100%.

This question belongs to: Economy GK Economy Set 1

Question #3

Green GDP is an indicator that adjusts GDP for:

A. inflation

B. foreign debt

C. environmental degradation and natural resource depletion

D. population growth

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Correct Answer: Option C

Explanation:
Green GDP adjusts conventional GDP for environmental degradation and natural resource depletion.

This question belongs to: Economy GK Economy Set 1

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