The 'Eighth Five Year Plan' period was: MCQ with Answer and Explanation

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The 'Eighth Five Year Plan' period was:

A. 1992-1997

B. 1997-2002

C. 1990-1995

D. 1987-1992

Answer: Option A

Solution (By JKSSB Mock Tests)

The Eighth Five Year Plan covered 1992-1997.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'UDAY' scheme for power distribution companies was launched in:

A. 2016

B. 2015

C. 2014

D. 2017

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Correct Answer: Option B

Explanation:
UDAY was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a feature of the 'Taylor Rule' for monetary policy?

A. Exchange rate is the only target

B. Fiscal deficit is the primary target

C. Interest rate responds only to money supply growth

D. Nominal interest rate responds to inflation gap and output gap

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Correct Answer: Option D

Explanation:
The Taylor Rule prescribes that the central bank should set the nominal interest rate in response to deviations of inflation from target and of output from potential.

This question belongs to: Economy GK Economy Set 1

Question #3

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The Fiscal Responsibility and Budget Management Act was enacted in which year?

A. 2003

B. 2001

C. 2005

D. 1999

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Correct Answer: Option A

Explanation:
The FRBM Act was enacted in 2003.

This question belongs to: Economy GK Economy Set 1

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