The term 'Green Revolution' in India is associated with:
A. Increase in agricultural production
B. Increase in foreign investment
C. Increase in industrial production
D. Increase in service sector growth
Answer: Option A
Solution (By JKSSB Mock Tests)
The Green Revolution refers to the significant increase in agricultural production in India, particularly of wheat and rice, through high-yielding varieties, fertilizers and irrigation, starting in the mid-1960s.
Explanation:
In the short run, costs are classified as fixed, variable and total. Sunk costs are costs that have already been incurred and cannot be recovered, relevant in both short and long run decisions.
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