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

Question

Share Report Error

The primary goal of the Twelfth Five Year Plan was:

A. faster, more inclusive and sustainable growth

B. universal literacy

C. full employment

D. poverty eradication

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

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

Which of the following is a characteristic of the 'Search Theory' of unemployment?

A. Unemployment arises from the time-consuming process of matching workers and jobs

B. Only aggregate demand determines unemployment

C. Markets always clear instantaneously

D. Unemployment is only classical and caused by high real wages

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Search-and-matching theory explains frictional and structural unemployment as the result of imperfect information and the costly process of matching heterogeneous workers with heterogeneous jobs.

This question belongs to: Economy GK Economy Set 1

Question #2

Balance of Trade refers to the difference between:

A. exports and imports of goods and services

B. exports and imports of goods only

C. capital inflows and outflows

D. foreign exchange reserves and gold

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Balance of Trade is the difference between a country's exports and imports of goods only.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a major factor contributing to the growth of India's service sector?

A. Decline in global demand for services

B. Only agricultural productivity growth

C. IT revolution, liberalisation and rising domestic demand

D. Complete isolation from global markets

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The rapid growth of India's services sector has been driven by the information technology boom, economic liberalisation, and expanding domestic and global demand for services.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs