In addition to the well-known 11-year cycle, longer and shorter characteristic periods can be isolated in variations of the parameters of helio-geophysical activity. Periods of about 36 and 60 years were revealed in variations of the geomagnetic activity and an approximately 60-year periodicity, in the evolution of correlation between the pressure in the lower atmosphere and the solar activity. Similar periods are observed in the cyclonic activity. Such periods in the parameters of the solar activity are difficult to identify because of a limited database available; however, they are clearly visible in variations of the asymmetry of the sunspot activity in the northern and southern solar hemispheres. In geomagnetic variations, one can also isolate oscillations with the characteristic periods of 5-6 years (QSO) and 2-3 years (QBO). We have considered 5-6-year periodicities (about half the main cycle) observed in variations of the sunspot numbers and the intensity of the dipole component of the solar magnetic field. A comparison with different magnetic dynamo models allowed us to determine the possible origin of these oscillations. A similar result can be reproduced in a dynamo model with nonlinear parameter variations. In this case, the activity cycle turns out to be anharmonic and contains other periodicities in addition to the main one. As a result of the study, we conclude that the 5-6-year activity variations are related to the processes of nonlinear saturation of the dynamo in the solar interior. Quasi-biennial oscillations are actually separate pulses related little to each other. Therefore, the methods of the spectral analysis do not reveal them over large time intervals. They are a direct product of local fields, are generated in the near-surface layers, and are reliably recorded only in the epochs of high solar activity.