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

Question

Share Report Error

The 'Twelfth Five Year Plan' period was:

A. 2007-2012

B. 2017-2022

C. 2010-2015

D. 2012-2017

Answer: Option D

Solution (By JKSSB Mock Tests)

The Twelfth Five Year Plan covered 2012-2017.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

Which of the following is not included in the calculation of Gross Domestic Product at market prices?

A. Gross fixed capital formation

B. Old age pension paid by government

C. Government final consumption expenditure

D. Final consumption expenditure of households

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Old age pension is a transfer payment and is not a payment for current production, hence it is excluded from GDP.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Zero Defect Zero Effect' scheme is associated with:

A. defence

B. health

C. agriculture

D. manufacturing and quality standards in MSMEs

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Zero Defect Zero Effect promotes quality and environmental standards in MSMEs.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'GDP deflator' is a price index that measures:

A. only consumer prices

B. prices of all domestically produced final goods and services

C. only food prices

D. only wholesale prices

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
GDP deflator measures the average price of all final goods and services produced domestically.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs