The government of India decided to produce 80 million quintals of rice in this year. The decision taken by the government regarding this is part of which of the following central problems of the economy?

What to produce

The correct answer is Option 1: What to produce

The decision taken by the government of India to produce 80 million quintals of rice in a year is related to the central economic problem of "What to produce."

This central economic problem refers to the allocation of limited resources to produce goods and services to meet the society's needs and wants. By deciding to produce rice, the government is making a choice about the allocation of resources (such as land, labor, and capital) towards the production of a specific good (rice) to fulfill the needs of the population.