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

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The 'Third Five Year Plan' period was:

A. 1966-1971

B. 1961-1966

C. 1956-1961

D. 1969-1974

Answer: Option B

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

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Which of the following is a characteristic of the 'Global Savings Glut' hypothesis?

A. A surplus of global saving relative to investment contributed to low interest rates and capital flows into deficit countries

B. Only domestic factors determined interest rates

C. A global shortage of saving

D. Capital flows were irrelevant

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Correct Answer: Option A

Explanation:
The global-savings-glut hypothesis, advanced by Ben Bernanke, attributes the low long-term interest rates and large current-account deficits of some countries in the 2000s partly to excess saving in emerging Asia and oil-exporting economies.

This question belongs to: Economy GK Economy Set 1