How does blue, yellow and orange coloured light affect photosynthesis?
Your thought process should revolve around optimal spectrum for photosynthesis, since whether that happens sufficiently will determine the health of your plant. Just poking around, I found this document.

What light will be usable for photosynthesis depends on which version of light absorbing protein is being used to capture energy from photons.

This diagram would indicate that pure yellow would be pretty ineffective for any pigment. Blue is fine, as is darker orange/red for chlorophyll A and B.

Keep in mind that a lightbulb, unless a very special one, will still have lots of other spectrum bleed.  It won't be a pure single color (even though it may look like a single color to your eye). 



Another source from Khan Academy.