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. investment in heavy and capital goods industries

B. land reforms

C. export promotion

D. promotion of cottage industries

Answer: Option A

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 'hyperinflation' is:

A. extremely rapid and uncontrolled price rise

B. stable prices

C. falling prices

D. slow price rise

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Correct Answer: Option A

Explanation:
Hyperinflation is extremely rapid and uncontrolled inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

The kinked demand curve model is used to explain price rigidity in:

A. oligopoly

B. monopoly

C. monopsony

D. perfect competition

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Correct Answer: Option A

Explanation:
The kinked demand curve explains why oligopolistic firms avoid changing prices.

This question belongs to: Economy GK Economy Set 1

Question #3

The Most-Favoured-Nation principle under the WTO implies:

A. non-discriminatory treatment between trading partners

B. favourable treatment to developed countries

C. special tariff concessions to neighbours

D. prohibition of all tariffs

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Correct Answer: Option A

Explanation:
The MFN principle requires non-discriminatory treatment among WTO members.

This question belongs to: Economy GK Economy Set 1

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