The 'Yellow Revolution' in India is associated with: MCQ with Answer and Explanation

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The 'Yellow Revolution' in India is associated with:

A. horticulture

B. sugarcane

C. pulses production

D. oilseeds production

Answer: Option D

Solution (By JKSSB Mock Tests)

Yellow Revolution is associated with increased production of oilseeds.

This question belongs to: Economy GK Economy Set 1

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Question #1

The total expenditure of the government is divided into:

A. plan and non-plan expenditure only

B. direct and indirect expenditure

C. mandatory and voluntary expenditure

D. revenue expenditure and capital expenditure

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Correct Answer: Option D

Explanation:
Total government expenditure is classified into revenue expenditure and capital expenditure.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Opportunity Cost' is best defined as:

A. The value of the next best alternative forgone

B. The total cost incurred in production

C. The difference between total revenue and total cost

D. The cost of producing one more unit of a commodity

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Correct Answer: Option A

Explanation:
Opportunity cost refers to the value of the next best alternative that is sacrificed when a choice is made. It is a fundamental concept in economics.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GDP at constant prices' in India uses which base year?

A. 2019-20

B. 2015-16

C. 2004-05

D. 2011-12

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Correct Answer: Option D

Explanation:
India's GDP constant price series currently uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

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