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

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The 'Fifth Five Year Plan' period was:

A. 1969-1974

B. 1974-1979

C. 1971-1976

D. 1980-1985

Answer: Option B

Solution (By JKSSB Mock Tests)

The Fifth Five Year Plan covered 1974-1979.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of international trade, the theory of comparative advantage was propounded by:

A. David Ricardo

B. Heckscher and Ohlin

C. Paul Krugman

D. Adam Smith

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Correct Answer: Option A

Explanation:
David Ricardo developed the theory of comparative advantage, which states that countries should specialise in producing goods in which they have a lower opportunity cost.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Atal Pension Yojana' was launched in which year?

A. 2013

B. 2016

C. 2015

D. 2017

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Correct Answer: Option C

Explanation:
Atal Pension Yojana was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Annual Survey of Industries' collects data on:

A. foreign trade

B. service sector only

C. agricultural output

D. registered manufacturing industries

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Correct Answer: Option D

Explanation:
Annual Survey of Industries covers registered manufacturing establishments.

This question belongs to: Economy GK Economy Set 1

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