The 'Silver Revolution' is associated with: MCQ with Answer and Explanation

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The 'Silver Revolution' is associated with:

A. egg and poultry production

B. wool production

C. milk production

D. fish production

Answer: Option A

Solution (By JKSSB Mock Tests)

Silver Revolution refers to rapid growth in egg and poultry production.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on metro rail travel is:

A. 5%

B. 18%

C. 0%

D. 12%

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Correct Answer: Option A

Explanation:
Metro rail travel attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'average propensity to consume' is calculated as:

A. change in consumption divided by change in income

B. total saving divided by total income

C. total income divided by total consumption

D. total consumption divided by total income

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Correct Answer: Option D

Explanation:
APC is total consumption divided by total income.

This question belongs to: Economy GK Economy Set 1

Question #3

Tenancy reforms in India primarily aim to:

A. increase landowner rights only

B. provide security of tenure and fair rent to tenants

C. increase rent burden on tenants

D. abolish all tenancy

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Correct Answer: Option B

Explanation:
Tenancy reforms aim to provide security of tenure and fair rents to tenants.

This question belongs to: Economy GK Economy Set 1

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