Economy Set 1 MCQs

Economy GK

Economy Set 1 MCQs

Practice Economy GK MCQs on basic economic concepts including economy, economics, microeconomics, macroeconomics, goods and services, demand and supply, factors of production, opportunity cost, economic activities, sectors of economy and other fundamental concepts frequently asked in SSC, Railway, Banking, UPSC, JKSSB, JKPSC, Police, Defence and other competitive examinations.

2220
Total Questions

Practice Questions

Page 67 of 111
Question #1321
The 'Eleventh Five Year Plan' period was:
A. 2010-2015
B. 2007-2012
C. 2004-2009
D. 2002-2007
Discuss
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Correct Answer: Option B

Explanation:
The Eleventh Five Year Plan covered 2007-2012.
This question belongs to: Economy GK Economy Set 1
Question #1322
The 'Tenth Five Year Plan' period was:
A. 2007-2012
B. 1997-2002
C. 2002-2007
D. 2000-2005
Discuss
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Correct Answer: Option C

Explanation:
The Tenth Five Year Plan covered 2002-2007.
This question belongs to: Economy GK Economy Set 1
Question #1323
The 'Ninth Five Year Plan' period was:
A. 1992-1997
B. 1997-2002
C. 2002-2007
D. 1995-2000
Discuss
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Correct Answer: Option B

Explanation:
The Ninth Five Year Plan covered 1997-2002.
This question belongs to: Economy GK Economy Set 1
Question #1324
The 'Eighth Five Year Plan' period was:
A. 1992-1997
B. 1987-1992
C. 1997-2002
D. 1990-1995
Discuss
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Correct Answer: Option A

Explanation:
The Eighth Five Year Plan covered 1992-1997.
This question belongs to: Economy GK Economy Set 1
Question #1325
The 'Seventh Five Year Plan' period was:
A. 1980-1985
B. 1978-1983
C. 1990-1995
D. 1985-1990
Discuss
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Correct Answer: Option D

Explanation:
The Seventh Five Year Plan covered 1985-1990.
This question belongs to: Economy GK Economy Set 1
Question #1326
The 'Sixth Five Year Plan' period was:
A. 1975-1980
B. 1985-1990
C. 1980-1985
D. 1978-1983
Discuss
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Correct Answer: Option C

Explanation:
The Sixth Five Year Plan covered 1980-1985.
This question belongs to: Economy GK Economy Set 1
Question #1327
The 'Fifth Five Year Plan' period was:
A. 1980-1985
B. 1974-1979
C. 1969-1974
D. 1971-1976
Discuss
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Correct Answer: Option B

Explanation:
The Fifth Five Year Plan covered 1974-1979.
This question belongs to: Economy GK Economy Set 1
Question #1328
The 'Fourth Five Year Plan' period was:
A. 1966-1971
B. 1969-1974
C. 1974-1979
D. 1961-1966
Discuss
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Correct Answer: Option B

Explanation:
The Fourth Five Year Plan covered 1969-1974.
This question belongs to: Economy GK Economy Set 1
Question #1329
The 'Third Five Year Plan' period was:
A. 1966-1971
B. 1969-1974
C. 1956-1961
D. 1961-1966
Discuss
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Correct Answer: Option D

Explanation:
The Third Five Year Plan covered 1961-1966.
This question belongs to: Economy GK Economy Set 1
Question #1330
The 'Second Five Year Plan' period was:
A. 1953-1958
B. 1956-1961
C. 1961-1966
D. 1951-1956
Discuss
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Correct Answer: Option B

Explanation:
The Second Five Year Plan covered 1956-1961.
This question belongs to: Economy GK Economy Set 1
Question #1331
The 'First Five Year Plan' period was:
A. 1956-1961
B. 1950-1955
C. 1951-1956
D. 1947-1952
Discuss
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Correct Answer: Option C

Explanation:
The First Five Year Plan covered 1951-1956.
This question belongs to: Economy GK Economy Set 1
Question #1332
The 'Planning Commission' formulated how many Five Year Plans before being dissolved?
A. 12
B. 13
C. 11
D. 10
Discuss
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Correct Answer: Option A

Explanation:
India had 12 Five Year Plans formulated by the Planning Commission.
This question belongs to: Economy GK Economy Set 1
Question #1333
The 'Green Revolution' in India began in the mid:
A. 1980s
B. 1940s
C. 1990s
D. 1960s
Discuss
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Correct Answer: Option D

Explanation:
The Green Revolution began in India in the mid-1960s.
This question belongs to: Economy GK Economy Set 1
Question #1334
The 'High Yielding Variety Programme' was launched in:
A. 1956
B. 1972
C. 1966
D. 1980
Discuss
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Correct Answer: Option C

Explanation:
The High Yielding Variety Programme was launched in 1966.
This question belongs to: Economy GK Economy Set 1
Question #1335
The 'White Revolution' in India is associated with which brand?
A. Mother Dairy
B. Amul
C. NDDB
D. Safal
Discuss
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Correct Answer: Option B

Explanation:
The White Revolution, or Operation Flood, is associated with Amul and dairy cooperatives.
This question belongs to: Economy GK Economy Set 1
Question #1336
The 'Operation Flood' was launched in which year?
A. 1975
B. 1965
C. 1980
D. 1970
Discuss
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Correct Answer: Option D

Explanation:
Operation Flood was launched in 1970.
This question belongs to: Economy GK Economy Set 1
Question #1337
The 'Blue Revolution' in India is associated with which commodity?
A. Fish
B. Pulses
C. Milk
D. Oilseeds
Discuss
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Correct Answer: Option A

Explanation:
The Blue Revolution is associated with fisheries development.
This question belongs to: Economy GK Economy Set 1
Question #1338
The 'Golden Revolution' in India is associated with:
A. gold production
B. horticulture and honey production
C. milk production
D. wheat production
Discuss
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Correct Answer: Option B

Explanation:
The Golden Revolution is associated with horticulture and honey production.
This question belongs to: Economy GK Economy Set 1
Question #1339
The 'Round Revolution' in India is associated with:
A. potato production
B. fish
C. milk
D. eggs
Discuss
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Correct Answer: Option A

Explanation:
The Round Revolution is associated with increased potato production.
This question belongs to: Economy GK Economy Set 1
Question #1340
The 'Silver Revolution' in India is associated with:
A. milk
B. egg and poultry
C. wool
D. fish
Discuss
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Correct Answer: Option B

Explanation:
The Silver Revolution is associated with egg and poultry production.
This question belongs to: Economy GK Economy Set 1
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