The main emphasis of the Second Five Year Plan was: MCQ with Answer and Explanation

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The main emphasis of the Second Five Year Plan was:

A. eradication of illiteracy

B. rapid industrialization with emphasis on basic and heavy industries

C. reduction of population growth

D. rapid development of agriculture

Answer: Option B

Solution (By JKSSB Mock Tests)

The Second Plan emphasized rapid industrialization, especially basic and heavy industries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Liquidity Adjustment Facility of the RBI includes:

A. CRR and SLR

B. Bank rate and MSF

C. Repo and reverse repo

D. Currency printing and open market operations

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Correct Answer: Option C

Explanation:
The Liquidity Adjustment Facility comprises repo and reverse repo operations.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Tea Board of India' is headquartered in:

A. Delhi

B. Chennai

C. Mumbai

D. Kolkata

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Correct Answer: Option D

Explanation:
The Tea Board of India is headquartered in Kolkata.

This question belongs to: Economy GK Economy Set 1

Question #3

The term inclusive growth refers to economic growth that:

A. benefits only the rich

B. benefits all sections of society and reduces inequality

C. focuses only on manufacturing

D. ignores employment

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Correct Answer: Option B

Explanation:
Inclusive growth ensures that the benefits of growth are widely shared and inequality is reduced.

This question belongs to: Economy GK Economy Set 1

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