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

The 'Yellow Revolution' in India is associated with:
A. sugarcane
B. pulses production
C. horticulture
D. oilseeds production
Answer: Option D
Solution (By JKSSB Mock Tests)
Yellow Revolution is associated with increased production of oilseeds.

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Practice More Economy Set 1 Questions

Question #1
The 'National Mission on Education through Information and Communication Technology' was launched to enhance:
A. education through ICT
B. agricultural technology
C. banking technology
D. defence technology

Correct Answer: Option A


Explanation:
NMEICT aims to enhance education through ICT.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'self-assessment tax' is paid by a taxpayer:
A. by employer only
B. on the basis of self-computation before filing return
C. only after a notice
D. after assessment by the department

Correct Answer: Option B


Explanation:
Self-assessment tax is computed and paid by the taxpayer before filing return.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Modern Supply-Side Economics' emphasis?
A. Tax incentives and structural reforms to raise potential output and improve incentives to work, save and invest
B. Only monetary expansion
C. Complete neglect of incentives
D. Only demand management through fiscal expansion

Correct Answer: Option A


Explanation:
Supply-side approaches stress policies that expand the productive capacity of the economy by improving incentives, reducing distortions and raising the efficiency of resource allocation.

This question belongs to: Economy GK Economy Set 1