The Rolling Plan concept was introduced in India during: MCQ with Answer and Explanation

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The Rolling Plan concept was introduced in India during:

A. First Plan

B. Eighth Plan

C. Janata Party government after the Fifth Plan

D. Third Plan

Answer: Option C

Solution (By JKSSB Mock Tests)

The Janata government introduced the Rolling Plan after the Fifth Five Year Plan.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'General Agreement on Trade in Services' came into force in which year?

A. 1995

B. 2005

C. 2000

D. 1994

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Correct Answer: Option A

Explanation:
GATS came into force in 1995 as part of WTO agreements.

This question belongs to: Economy GK Economy Set 1

Question #2

The Solow growth model identifies which of the following as a source of long-run per capita income growth?

A. Capital accumulation

B. Increase in savings only

C. Population growth

D. Technological progress

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Correct Answer: Option D

Explanation:
In the Solow model, sustained long-run per capita income growth comes from technological progress.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Incoterms' in international trade are published by:

A. International Chamber of Commerce

B. WTO

C. World Bank

D. IMF

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Correct Answer: Option A

Explanation:
Incoterms are published by the International Chamber of Commerce.

This question belongs to: Economy GK Economy Set 1

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