In the context of Indian planning, the First Five Year Plan focused primarily on: MCQ with Answer and Explanation

In the context of Indian planning, the First Five Year Plan focused primarily on:
A. Information technology
B. Export promotion
C. Heavy industries
D. Agriculture and irrigation
Answer: Option D
Solution (By JKSSB Mock Tests)
The First Five Year Plan (1951-56) gave priority to agriculture, irrigation and power to address food shortages and build a foundation for future growth.

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Practice More Economy Set 1 Questions

Question #1
The 'National Skill Development Corporation' was set up as a:
A. state-owned company only
B. government department
C. regulatory body
D. public-private partnership

Correct Answer: Option D


Explanation:
NSDC is a public-private partnership for skill development.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Fiscal Responsibility and Budget Management Act' applies to:
A. State governments only
B. RBI only
C. Central Government
D. Private companies

Correct Answer: Option C


Explanation:
The FRBM Act primarily applies to the Central Government.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Form 26AS' is an income tax document that shows:
A. salary only
B. bank statements
C. tax deducted and deposited against PAN
D. stock holdings

Correct Answer: Option C


Explanation:
Form 26AS shows tax deducted and deposited against a PAN.

This question belongs to: Economy GK Economy Set 1