The First Five Year Plan of India was based on the: MCQ with Answer and Explanation

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The First Five Year Plan of India was based on the:

A. Nehru model

B. Gandhian model

C. Mahalanobis model

D. Harrod-Domar model

Answer: Option D

Solution (By JKSSB Mock Tests)

The First Five Year Plan was based on the Harrod-Domar model.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of 'Privacy-Enhancing Technologies'?

A. Technical methods that allow data to be used while minimising the exposure of personal information

B. Only encryption without any other tools

C. Technologies that maximise data collection without safeguards

D. Only complete data anonymisation that destroys all utility

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Correct Answer: Option A

Explanation:
Privacy-enhancing technologies (PETs) comprise a range of technical approaches—such as differential privacy, homomorphic encryption and secure multi-party computation—that enable data analysis while protecting individual privacy.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Prime Minister's Economic Advisory Council' was reconstituted in which year?

A. 2019

B. 2020

C. 2017

D. 2014

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Correct Answer: Option C

Explanation:
The PMEAC was reconstituted in September 2017.

This question belongs to: Economy GK Economy Set 1

Question #3

The Banking Ombudsman is appointed by:

A. President

B. Finance Minister

C. Reserve Bank of India

D. Indian Banks' Association

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Correct Answer: Option C

Explanation:
The RBI appoints Banking Ombudsmen to resolve customer complaints against banks.

This question belongs to: Economy GK Economy Set 1

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