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 'Mega Food Park' scheme aims to:

A. promote raw exports only

B. increase food imports

C. create modern food processing infrastructure

D. reduce food production

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Correct Answer: Option C

Explanation:
Mega Food Parks provide modern food processing infrastructure and supply chain facilities.

This question belongs to: Economy GK Economy Set 1

Question #2

Veblen goods are demanded mainly because:

A. high price confers prestige or status

B. they have many substitutes

C. their price is low

D. they are necessities

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Correct Answer: Option A

Explanation:
Veblen goods are conspicuous consumption goods where a higher price increases their status value.

This question belongs to: Economy GK Economy Set 1

Question #3

The largest installed renewable energy source in India by capacity in recent years is:

A. small hydro

B. wind

C. biomass

D. solar

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Correct Answer: Option D

Explanation:
Solar power has become the largest renewable energy source by installed capacity in India.

This question belongs to: Economy GK Economy Set 1

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