Tag: economics

Questions Related to economics

Silver revolution is associated with the increase in the production of____________

  1. Meat

  2. Cereals

  3. Eggs

  4. Milk


Correct Option: C
Explanation:

  • Silver revolution refers to the period in which there was a  tremendous increase in the production of eggs.

So, the correct answer is 'eggs'

The world's largest dairy development programme designed and implemented in India is called as__________

  1. White Revolution

  2. Golden Revolution

  3. Operation flood

  4. Silver Revolution


Correct Option: C
Explanation:
  • White Revolution in India also known as Operation Flood was a plan of three phases launched in 1970 by the National Dairy Development Board. 
  • Its aim was to increase India's dairy production until India became self-sufficient in milk.
  •  This program was highly successful and in 1998, India became the largest milk producer in the world. Thus the correct answer is option C.

Which of the following food items is not a milk product?

  1. Cream

  2. Cheese

  3. Chapathi

  4. Ghee


Correct Option: C
Explanation:

  • The milk is obtained from the milch animals which are reared for the production of milk and its products. 
  • Cream, cheese, and ghee are the dairy products which are obtained by the different processes involving milk as the substrate. 
  • Chapathi is the food produced from the dough of cereals.

so, the correct answer is 'Chapathi'

Find out the incorrect statement from the following.

  1. White revolution was meant for increase in milk production

  2. Blue revolution was meant for increase in fish production

  3. Increasing food production without compromising with environmental quality is called sustainable agriculture

  4. None of these


Correct Option: D
Explanation:

  • None of the above statements are wrong. 
White Revolution or Operation Flood was started by Sir Verghese Kurien. It has created a milk grid which connected milk producers throughout India with consumers over 700 cities and towns. It helped the dairy farmers to have control of the resource created by them by reducing the regional and seasonal price variations and other malpractices like middlemen. White revolution's main objectives included: Increased milk production, an increase in rural income and fair price for the consumer.
Blue Revolution means a remarkable increase in the production of fish and marine products. It saw the emergence of aquaculture as one of the most important forms of agricultural activity. Aquaculture means all forms of active culture of animals and plants living in marine, brackish or freshwater. The Blue revolution was launched by Union Minister for agriculture Mr. RadhaMohan Singh. 
Sustainable agriculture - There is one sector that has continuously impacted the environment that sector is agriculture. For the human race to sustain there is a lot dependent on environment-friendly agriculture. We have been doing intensive agriculture, using loads of pesticides, chemical fertilizers and harming the environment. India is facing a food crisis due to the massive and regular destruction of farmlands. Therefore, sustainable agriculture focuses mainly on -
 a) To stop the usage of chemical fertilizers and give way to ecological means of cultivation thus preventing- the degradation of soil, food from toxins and carbon footprints.
b) to stop the promotion of genetically engineered crops as they pose a threat to human health and degrades the food quality.
Therefore all the above statements are correct.

Who is the pioneer of 'White revolution' in India?

  1. Swaminathan

  2. Verghese Kurien

  3. Dhiru Bhai Ambani

  4. S.K. Birla


Correct Option: B
Explanation:

Verghese Kurien known as the 'Father of the White Revolution' in India,[2] was a social entrepreneur whose "billion-litre idea", Operation Flood, the world's largest agricultural dairy development programme, made dairy farming India's largest self-sustaining industry and the largest rural employment provider, being a third of all rural income, with benefits of raising incomes and credit, riddance of debt dependence, nutrition, education, health, gender parity and empowerment, breakdown of caste barriers and grassroots democracy and leadership. It made India the world's largest milk producer from a milk-deficient nation, which doubled milk available per person and increased milk output four-fold, in 30 years. A key invention at Amul, the world's first, was the production of milk powder from the abundant buffalo-milk, instead of from the conventional cow-milk, short in supply in India. Keen on a strong linkage between town and country, he surmounted skepticism and adversity with his indefatigable fighting spirit and outmaneuvering skills to capture a commanding share of the market of the city of Bombay (now, Mumbai), which got him wide attention.

So the correct option is 'Verghese Kurien'.

'Distributed Profits' is also known as: 

  1. Corporate Tax

  2. Dividend

  3. Retained Earnings

  4. None of these


Correct Option: B

National income is the sum of factor incomes accruing to: 

  1. country

  2. Economic territory

  3. Residents

  4. Both residents and non-residents


Correct Option: C

Sale of second hand machines is ____________ in Value Added Method.

  1. included

  2. excluded

  3. sometimes included and sometimes excluded

  4. none of above


Correct Option: B

The most appropriate measure of a country's economic growth is ________.

  1. GDP

  2. NDP

  3. Per capita income

  4. GNP


Correct Option: C
Explanation:

The most appropriate measure of a country's economic growth is per capita income

Per capita income is the average income earned by a person in the specified year.

The growth in the Gross Value Added at basic prices for 2015-16 from manufacturing sector is estimated to be ________.

  1. 9.5%

  2. 10%

  3. 11.55

  4. 12%


Correct Option: A
Explanation:

Manufacturing sector is nothing but Secondary sector which deals with manufactured goods. It includes those sectors which produce finished or usable goods. It takes up raw material from primary sectors like agriculture and produce goods which are ready to use or export.

The growth in the Gross Value Added at basic prices for 2015-16 from manufacturing sector is estimated to be 9.5%