The term 'Green Revolution' in India is associated with:
A. Increase in foreign investment
B. Increase in service sector growth
C. Increase in agricultural production
D. Increase in industrial production
Answer: Option C
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:
Empirical studies often find 'excess sensitivity' of consumption to current income, suggesting that liquidity constraints, myopia or other factors cause departures from pure permanent-income behaviour.
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