The Second Five Year Plan was based on which model? MCQ with Answer and Explanation

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The Second Five Year Plan was based on which model?

A. Rostow

B. Harrod-Domar

C. Mahalanobis

D. Solow

Answer: Option C

Solution (By JKSSB Mock Tests)

The Second Five Year Plan was based on the Mahalanobis model.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Tax Deduction and Collection Account Number' is used for:

A. getting PAN

B. filing income tax returns only

C. opening a bank account

D. depositing TDS and TCS

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Correct Answer: Option D

Explanation:
TAN is used for depositing tax deducted or collected at source.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' return for monthly filing by regular dealers is:

A. GSTR-9

B. GSTR-3B

C. GSTR-4

D. GSTR-1

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Correct Answer: Option B

Explanation:
GSTR-3B is a monthly summary return for regular dealers.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on legal services provided to individuals is:

A. 18%

B. 5%

C. 0%

D. 12%

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Correct Answer: Option A

Explanation:
Legal services to individuals attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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