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

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The 'Ninth Five Year Plan' period was:

A. 2002-2007

B. 1992-1997

C. 1997-2002

D. 1995-2000

Answer: Option C

Solution (By JKSSB Mock Tests)

The Ninth Five Year Plan covered 1997-2002.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Keynesian cross' model shows equilibrium income where:

A. money supply equals money demand

B. exports equal imports

C. aggregate demand equals aggregate supply

D. interest rate equals inflation

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Correct Answer: Option C

Explanation:
The Keynesian cross shows equilibrium where aggregate demand equals aggregate supply.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of the 'Endogenous Growth Theory'?

A. Technological progress is exogenous

B. Only population growth determines per capita income growth

C. Diminishing returns to capital always limit growth

D. Long-run growth is determined by factors within the model such as human capital and R&D

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Correct Answer: Option D

Explanation:
Endogenous growth theory treats technological progress and human capital accumulation as outcomes of economic decisions within the model, allowing sustained long-run growth in per capita income.

This question belongs to: Economy GK Economy Set 1

Question #3

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FERA, replaced by FEMA, was enacted in:

A. 1991

B. 1973

C. 1947

D. 1980

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Correct Answer: Option B

Explanation:
FERA was enacted in 1973 and replaced by FEMA in 1999.

This question belongs to: Economy GK Economy Set 1

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