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

Question

Share Report Error

The 'First Five Year Plan' period was:

A. 1950-1955

B. 1956-1961

C. 1951-1956

D. 1947-1952

Answer: Option C

Solution (By JKSSB Mock Tests)

The First Five Year Plan covered 1951-1956.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Goods and Services Tax' revenue from CGST is credited to:

A. state governments

B. Public Account

C. Consolidated Fund of India

D. Contingency Fund

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
CGST revenue is credited to the Consolidated Fund of India.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'GST Suvidha Provider' is an entity that:

A. provides IT solutions for GST compliance

B. collects GST

C. sets GST rates

D. makes GST law

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
GST Suvidha Providers offer IT applications for GST compliance.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

In the context of market structures, 'Price Discrimination' is possible under:

A. Perfect competition

B. Only in agricultural markets

C. Both perfect competition and monopoly equally

D. Monopoly

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Price discrimination (charging different prices to different consumers for the same product) is typically possible under monopoly where the firm has market power and can segment markets.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs