The primary goal of the Twelfth Five Year Plan was: MCQ with Answer and Explanation

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The primary goal of the Twelfth Five Year Plan was:

A. faster, more inclusive and sustainable growth

B. poverty eradication

C. universal literacy

D. full employment

Answer: Option A

Solution (By JKSSB Mock Tests)

The Twelfth Five Year Plan aimed at faster, more inclusive and sustainable growth.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Liquidity Preference' theory explains the determination of:

A. Real wages

B. Profit rate

C. Rent on land

D. Rate of interest

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Correct Answer: Option D

Explanation:
According to Keynes, the rate of interest is determined by the demand for money (liquidity preference) and the supply of money.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on readymade garments up to Rs 1,000 is:

A. 12%

B. 18%

C. 5%

D. 0%

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Correct Answer: Option C

Explanation:
Readymade garments up to Rs 1,000 attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'TReDS' platform is meant for:

A. financing of receivables of MSMEs

B. commodity futures

C. foreign exchange trading

D. trading government securities

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Correct Answer: Option A

Explanation:
TReDS is an electronic platform for financing trade receivables of MSMEs from corporate buyers.

This question belongs to: Economy GK Economy Set 1

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