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

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The 'Eleventh Five Year Plan' period was:

A. 2004-2009

B. 2002-2007

C. 2010-2015

D. 2007-2012

Answer: Option D

Solution (By JKSSB Mock Tests)

The Eleventh Five Year Plan covered 2007-2012.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'First Five Year Plan' period was:

A. 1950-1955

B. 1947-1952

C. 1956-1961

D. 1951-1956

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Correct Answer: Option D

Explanation:
The First Five Year Plan covered 1951-1956.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is used to measure the degree of openness of an economy?

A. Unemployment rate

B. Share of exports and imports in GDP

C. Fiscal deficit as a percentage of GDP

D. Money supply growth rate

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Correct Answer: Option B

Explanation:
The degree of openness is commonly measured by the ratio of total trade (exports + imports) to GDP, reflecting integration with the global economy.

This question belongs to: Economy GK Economy Set 1

Question #3

The value of the investment multiplier is equal to:

A. MPS divided by MPC

B. MPC divided by MPS

C. 1 divided by MPS

D. 1 divided by MPC

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Correct Answer: Option C

Explanation:
The investment multiplier is 1/MPS, or 1/(1 - MPC).

This question belongs to: Economy GK Economy Set 1

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