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

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The 'First Five Year Plan' period was:

A. 1951-1956

B. 1956-1961

C. 1950-1955

D. 1947-1952

Answer: Option A

Solution (By JKSSB Mock Tests)

The First Five Year Plan covered 1951-1956.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Group of 77' is a coalition of:

A. developing countries

B. oil-exporting countries

C. European countries

D. developed countries

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Correct Answer: Option A

Explanation:
The G77 is a coalition of developing countries at the United Nations.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on event management services is:

A. 18%

B. 28%

C. 5%

D. 12%

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Correct Answer: Option A

Explanation:
Event management services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on instant food mixes is:

A. 28%

B. 12%

C. 5%

D. 18%

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Correct Answer: Option D

Explanation:
Instant food mixes attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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