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

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The 'Silver Revolution' is associated with:

A. milk production

B. egg and poultry production

C. wool production

D. fish production

Answer: Option B

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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Practice More Economy Set 1 Questions

Question #1

A price floor set above the equilibrium price generally creates:

A. no change

B. shortage

C. increase in demand

D. surplus

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Correct Answer: Option D

Explanation:
A price floor above equilibrium creates excess supply or a surplus.

This question belongs to: Economy GK Economy Set 1

Question #2

Crowding out occurs when:

A. taxes are reduced

B. government expenditure increases private investment

C. government borrowing reduces private investment

D. private investment reduces government spending

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Correct Answer: Option C

Explanation:
Crowding out occurs when increased government borrowing raises interest rates and reduces private investment.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a major source of agricultural credit in India?

A. Stock exchanges

B. Mutual funds

C. Foreign institutional investors only

D. Commercial banks, cooperative banks and Regional Rural Banks

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Correct Answer: Option D

Explanation:
Institutional agricultural credit in India is primarily provided by commercial banks, cooperative banks and Regional Rural Banks, with refinancing support from NABARD.

This question belongs to: Economy GK Economy Set 1

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