The 'White Revolution' in India is associated with which brand? MCQ with Answer and Explanation

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The 'White Revolution' in India is associated with which brand?

A. NDDB

B. Amul

C. Mother Dairy

D. Safal

Answer: Option B

Solution (By JKSSB Mock Tests)

The White Revolution, or Operation Flood, is associated with Amul and dairy cooperatives.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of the Indian economy, the 'GST' is an example of:

A. A direct tax

B. An indirect tax with dual structure (Centre and States)

C. A wealth tax

D. A corporate tax only

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Correct Answer: Option B

Explanation:
Goods and Services Tax is a comprehensive indirect tax levied on the supply of goods and services, with a dual structure involving both the Centre and the States.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Liquidity Preference' includes which of the following motives?

A. Only precautionary motive

B. Only transactions motive

C. Transactions, precautionary and speculative motives

D. Only speculative motive

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Correct Answer: Option C

Explanation:
According to Keynes, the demand for money (liquidity preference) arises from three motives: transactions, precautionary and speculative.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'systemically important financial institution' is one whose failure could:

A. have no effect on the economy

B. reduce inflation

C. trigger a systemic crisis

D. benefit other banks

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Correct Answer: Option C

Explanation:
A systemically important institution is too big or interconnected to fail without causing systemic risk.

This question belongs to: Economy GK Economy Set 1

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