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. 1980-1985

D. 1971-1976

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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The 'FDI' in insurance sector is allowed up to what percentage?

A. 100%

B. 49%

C. 26%

D. 74%

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Correct Answer: Option D

Explanation:
FDI in insurance is allowed up to 74%.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Senior Citizens Savings Scheme' is available for individuals aged:

A. 60 years and above

B. 50 years and above

C. 65 years and above

D. 70 years and above

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Correct Answer: Option A

Explanation:
The Senior Citizens Savings Scheme is available for individuals aged 60 years and above.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'managed float' exchange rate system means the exchange rate is:

A. completely fixed

B. determined by market forces with possible central bank intervention

C. set by the IMF

D. not applicable

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Correct Answer: Option B

Explanation:
Managed float allows market determination with occasional central bank intervention.

This question belongs to: Economy GK Economy Set 1

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