The 'Third Five Year Plan' period was: MCQ with Answer and Explanation

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The 'Third Five Year Plan' period was:

A. 1961-1966

B. 1969-1974

C. 1966-1971

D. 1956-1961

Answer: Option A

Solution (By JKSSB Mock Tests)

The Third Five Year Plan covered 1961-1966.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'MUDRA' loans are extended to:

A. micro and small enterprises

B. multinational corporations

C. state governments

D. large industries

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Correct Answer: Option A

Explanation:
MUDRA provides loans to micro and small enterprises.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'World Bank Group' has how many member countries in IBRD?

A. 150

B. 189

C. 193

D. 164

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Correct Answer: Option B

Explanation:
IBRD has 189 member countries.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of growth theory, 'Semi-Endogenous Growth' models feature:

A. Long-run growth that depends on population growth but not on policy parameters that affect the R&D share

B. Only exogenous technological progress

C. Long-run growth that is fully endogenous to policy

D. No role for research and development

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Correct Answer: Option A

Explanation:
Semi-endogenous growth models retain diminishing returns to knowledge in the R&D sector, so that long-run growth is proportional to population growth and is not affected by the share of resources devoted to R&D.

This question belongs to: Economy GK Economy Set 1

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