The 'Planning Commission' formulated how many Five Year Plans before being dissolved? MCQ with Answer and Explanation

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The 'Planning Commission' formulated how many Five Year Plans before being dissolved?

A. 10

B. 13

C. 11

D. 12

Answer: Option D

Solution (By JKSSB Mock Tests)

India had 12 Five Year Plans formulated by the Planning Commission.

This question belongs to: Economy GK Economy Set 1

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Question #1

The National Development Council in India is headed by:

A. Finance Minister

B. Prime Minister

C. President

D. Home Minister

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Correct Answer: Option B

Explanation:
The National Development Council is headed by the Prime Minister.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'One District One Product' initiative aims to promote:

A. uniform education

B. single tax rate

C. district-specific products and exports

D. uniform industrial policy

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Correct Answer: Option C

Explanation:
One District One Product promotes production of unique products in each district for economic development and exports.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' was first introduced in India through which amendment?

A. 102nd Constitutional Amendment

B. 100th Constitutional Amendment

C. 101st Constitutional Amendment

D. 99th Constitutional Amendment

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Correct Answer: Option C

Explanation:
GST was introduced through the 101st Constitutional Amendment Act, 2016.

This question belongs to: Economy GK Economy Set 1

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