Which of the following was a central objective of the Mahalanobis strategy in the Second Plan? MCQ with Answer and Explanation

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Which of the following was a central objective of the Mahalanobis strategy in the Second Plan?

A. export promotion

B. promotion of cottage industries

C. land reforms

D. investment in heavy and capital goods industries

Answer: Option D

Solution (By JKSSB Mock Tests)

The Mahalanobis strategy emphasized investment in heavy and capital goods industries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'BIMSTEC' grouping includes countries from:

A. Africa

B. Europe

C. South Asia and Southeast Asia

D. Latin America

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Correct Answer: Option C

Explanation:
BIMSTEC includes countries from South Asia and Southeast Asia around the Bay of Bengal.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' input tax credit is claimed by:

A. registered businesses on their purchases

B. unregistered dealers

C. the government

D. the final consumer

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Correct Answer: Option A

Explanation:
Registered businesses can claim input tax credit on their purchases.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on digital products such as e-books is:

A. 18%

B. 0%

C. 5%

D. 12%

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Correct Answer: Option C

Explanation:
E-books and digital products attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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