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

Question
The 'Twelfth Five Year Plan' period was:
A. 2007-2012
B. 2010-2015
C. 2017-2022
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
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Practice More Economy Set 1 Questions

Question #1
The 'intermediate consumption' in national accounting refers to:
A. goods and services used up in production
B. final goods bought by households
C. capital goods
D. export goods
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Correct Answer: Option A

Explanation:
Intermediate consumption is the value of goods and services used as inputs in production.
This question belongs to: Economy GK Economy Set 1
Question #2
In the context of financial markets, 'Adverse Selection' before a loan is made refers to:
A. Borrowers becoming riskier after receiving loans
B. Lenders always having perfect information
C. Only the problem of monitoring after the loan
D. Borrowers with higher risk being more likely to seek loans
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Correct Answer: Option D

Explanation:
Adverse selection in credit markets occurs when higher-risk borrowers are more eager to borrow at any given interest rate, so that the pool of applicants becomes riskier as the interest rate rises.
This question belongs to: Economy GK Economy Set 1
Question #3
External benchmark linked lending rates require banks to link retail and MSME loans to:
A. base rate only
B. fixed deposit rate
C. external benchmarks such as repo rate or Treasury bill yield
D. MCLR only
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Correct Answer: Option C

Explanation:
Banks link retail and MSME loans to external benchmarks such as the repo rate or Treasury bill yields.
This question belongs to: Economy GK Economy Set 1
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