Industries

Consider the following pairs:

Which of the above pair/s matched correctly?

Which of the following natural resources are non-renewable?

1. Coal
2. Oil
3. Fish
4. Áluminium

Choose the correct answer using the codes given below:

Karve Committee is related to:

Consider the following statements regarding the Micro and Macro economy:

1. Macro Economy considers all economic variables in an economy.
2. Micro Economy examines the functioning of a particular field of any economy. And other fields are given equal value.

Which of the above statements is/are true?

What does the final product mean in the production process?

Identify the final products from the following choices:

1. Tea leaves purchased by a homemaker
2. Tea leaves purchased by a tea seller
3. Newspaper purchased by a reader
4. Newspaper bought by a bag vendor

Choose the answer using the codes given below:

Consider the following statements:

1. Consumption of Final items starts with the purchase. They are not used in the production process.
2. Last capital goods are durable. These are the last items still they are used in the production process. And these are the deciding factors of production.

Which of the above statements is/are true?

Which of the following statements is/are true regarding the industrial development during the decades in the post-Independent India?

1. Important industries were kept under the control of the government, and in the overall industrial development, the public sector played the primary role and the private sector had the supporting role to play.
2. Under the Industrial Policy Proposal of 1956, the industries were classified into three categories, in which some industrial areas were kept under the private sector.
3. License for any industry in the private sector was necessary.
4. Licenses were easily available for setting up of industry units in the backward areas for private sector as well as concessions in taxation, electricity, etc. were given to the private sector.

Which of the above statements is/are true?

In the early decades of India's independence, the government itself played a key role in industrial development and kept the industrial sector under its control. What was/were the main reason/s for this?

1. At that time Indian capitalists did not have the requisite capital for investment in the industrial development.
2. The purchasing power of the people was low, resulting in too small a market to encourage industrialists to take risks.
3. Under the socialist goal of the government, the government wanted to control the important industries.

Which of the above statements is/are true?

Which of the following is related to Karve Committee?

What improvements have been made in the industrial sector in the process of liberalization?

1. Licensing arrangements for all industries were abolished.
2. Many products of small industries were now put in the unreserved category.
3. In many industries, where the prices of the products were determined by the government, were handed over to the market. That means the prices could have been fixed on the basis of demand for supply and cost of the market and the benefits of production reduction, etc.

Which of the above statement/s is/are false?

Consider the following statements:

1. Industrial exports account for the highest share in Indian exports by value
2. Share of agricultural goods in Indian exports has increased during last two years compared to the entire decade prior to that.

Which of the statements given above is/are correct?

What is the difference between Green Field Investment and Brown Field Investment?

1. Green Field Investment is a type of FDI and Brown Field Investment is a type of FII.
2. Green Field Investment creates more jobs as compared to Brown Field Investment.
3. The statements (a) and (b) given above are correct in this context.
4. Neither (a) nor (b) given above are correct in this context.

The correct statement(s) is/are-

What are the limits for investment in plant and machinery for enterprises in Manufacturing Sector?

1. More than twenty five lakh rupees but does not exceed five crore rupees for Small Enterprises.
2. More than two crore rupees but does not exceed five crore rupees for Medium Enterprises.
3. Does not exceed twenty five lakh rupees for Micro Enterprises.
4. More than five crore rupees but does not exceed ten crore rupees for Large Enterprises.

Choose the correct option:

Why have cottage industries languished in our country?

1. There is fierce competition in the market coming from big scale Industries.
2. It doesn't have adequate access to capital.
3. It lacks marketing and advertisement that helps in reaching the customers.
4. Cottage industries lacks modern business methods.

Options:

What are the various promotional measures initiated by the government for the small-scale industries?

1. The big enterprises would not be given fresh licenses to produce goods covered in the reserve list for small-scale industries.
2. The produce of the small-scale industries will be given preference over the produce of the large-scale industries in the purchase policy of government institutions.
3. The small scale sector is given tax incentives that are not available to large-scale units.

Why small-scale industries are called so?

What is the relevance of infrastructure for an economy?

1. It contributes to increasing the productivity of the factors of production
2. Modern agriculture also largely depends on it for speedy and large-scale transport of seeds, pesticides, fertilizers and the produce.
3. It provides a support system on which depends the efficient working of a modern industrial economy.

The core sector industries includes

1. Coal
2. Electricity
3. Fertilizer
4. Automobile

Select the answer using the codes given below

Which of the following is not an objective of Special Economic Zones (SEZ) in the country?

How does Hydrocarbon Exploration and Licensing Policy (HELP) differ from the previous New Exploration and Licensing Policy (NELP)?

Consider the following statements about recently announced “MSME Support & Outreach Programme”:

1. PSUs will have to compulsorily procure 20% of their total purchase from MSME Sector.
2. There will be 2 per cent interest subvention for all GST registered MSMEs on fresh loans only not for the incremental loans.
3. Companies with a turnover more than Rs. 500 crore will now compulsorily be brought on the Trade Receivables e-Discounting System (TReDS).

Choose the correct code

Consider the following statements vis-à-vis recently launched portal ‘psbloansin59minutes.com’:

1. This portal is specially designed to give loans within 59 minutes to farmers and self help groups (SHGs).
2. There is mandatory requirement of collaterals in getting loan from this portal.

Choose the correct code

Consider the following statements:

1. Cooperative Startup Innovation Fund (CISF) has been created by NITI Aayog to help the cooperative sectors.
2. National Cooperative Development Corporation (NCDC) is a statutory body under the Ministry of Commerce.

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Sometimes “Bullwhip Effect” is seen in the news, this is related to:

A committee was made to look into the SEZ Policy of India which has recently submitted its report to Ministry of Commerce; that was led by:

“Udyam Abhilasha” campaign has been launched by:

Recently, Data related to Index of Industrial Production (IIP) is released. Consider the following statements with respect to IIP:

1. IIP is released quarterly by CSO.
2. Eight core industries account for 37.9% of the total weight assigned to the items.
3. Electricity is assigned the maximum weight of 28.04%.

Choose the correct code

“RE-INVEST” was recently in news. This is related to:

What factor was responsible for adopting a new Industrial Policy in India in 1991?

1. Reduction in Foreign Exchange Reserve
2. Increase in Import
3. Increase in Export
4. Low Inflation

Choose the right answer using the codes given below:

Consider the following statements and choose the incorrect one:

What were the negative consequences of the license permit system in the Indian economy?

1. Large industrialists began to abuse it many times. Instead of starting a new firm, they would also get the license to stop new competitors.
2. Industrialists were more engaged in attempts to obtain licenses instead of focusing on production. They used to take more interests in lobbying with the ministries.
3. Work efficiency of firms decreased rather than increasing.

Choose the correct answer using the codes given below:

What factors were responsible for bringing the new policy of economic reform in India in the 1990s and later years?

1. Deficit in foreign exchange reserves in India
2. High imports
3. Low rate of domestic production and export
4. High inflation
5. Great pressure from the World Bank

Choose the correct answer using the codes given below:

What was the main objective of the new economic policy (1991)?

What does the disinvestment mean?

What are the measures taken under ‘Ease of Doing Business’?

1. The process of applying for Industrial License (IL) and Industrial Entrepreneur Memo-randum (IEM) has been made online.
2. Single window portal for obtaining clearances from various governments and government agencies.
3. An Investor Facilitation Cell has been created
4. A unified portal for registration of units for Labour Identification Number (LIN).

Codes:

Which of the following comes under the protection of Copyright Act, 1957?

1. Original literary, software, musical, and artistic works
2. New and useful inventions
3. Sound recording
4. Cinematographic films
5. Indications of the commercial source of products or services.

Code:

Consider the following statements about “Shell Companies”:

1. Shell Companies and their activity are defined in Companies Act, 2013.
2. Shell Companies are typically corporate entities which do not have any active business operations or significant assets in their possession.
3. “Shell Companies and Dormant Companies are same as per Companies Act, 2013.

Choose the correct code

If ‘marginal utility’ of a product is zero, what does it signifies?

The capital goods sector in an economy may be adversely affected by

1. Declaration in investment.
2. Import substitution.
3. Decline in the number of new projects.

Which of the statement(s) given above is/are TRUE?

Which of the following statements are incorrect?

1. The price elasticity of supply of the goods measures the responsiveness of quantity supplied to changes in the price of the goods.
2. When the supply curve is horizontal, supply is completely insensitive to price and the elasticity of supply is zero.
3. Like the price elasticity of demand, the price elasticity of supply is also independent of units.

Codes:

Which of the following statements regarding objectives of disinvestment is/are correct?

1. To reduce the financial burden on the Government.
2. To encourage wider share of ownership.
3. To depoliticise non-essential services.

Codes:

Which of the following statements about factors of production is false?

Which of the following statements are correct about Giffen goods?

1. Its demand increases as the price increases.
2. Its demand declines as the level of income increases.
3. It violates the law of demand.

Select the correct answer using the codes given below:

Consider the following statement

1. Mudra Bank can enhance the financial credit opportunity to informal sector workers.
2. For Mudra loan no collateral is required.
3. Mudra Bank also issues credit and debit card for its borrowers. Using this they can withdraw loan from any ATM in India when they need the money. Debtors can also repay the loan at any time and at any ATM in India.

Which of the statement given above is/are correct?

Who releases the data of IIP (Index of Industrial production)?

Consider the following statements:

1. The secondary sector takes raw materials and turns them into products.
2. The tertiary sector includes service industry and involves the provision of services to business as well as final consumers.

Which of the above statement is/are correct?

Consider the following statements-

1. Major Objective of ‘make in India’ program is to focus on job creation and skill enhancement in 25 sectors of the economy. The initiative also aims at high quality standards and minimizing the impact on the environment.
2. Ministry of Commerce and Industry is nodal implementing agency of this program.

Which of the statement given above is/are incorrect?

The Index of Eight Core Industries is a monthly production index, which is also considered as a lead indicator of the monthly industrial performance. Which of the following are among those Eight Industries?

1. Steel
2. Automobile
3. Electricity
4. Bauxite
5. Crude Oil

Select the correct answer using the codes given below:

Suppose that, over time, the share of manufacturing industry in a country’s GDP falls. Which of the following statements is true?

1. The quantity of the goods and services produced by manufacturing industry must be falling.
2. The value of the goods and services produced by manufacturing industry must be falling.

Select the correct answer from the codes given below:

Consider the following statements and select the correct answer:

1. Total-factor productivity (TFP), also called multi-factor productivity, is a variable which accounts for effects in total output caused by traditionally measured inputs.
2. Tax buoyancy is a measure of the responsiveness of tax receipts with respect to GDP or National Income.

Codes:

Which of the following harmful gases come out from industries-

1. Nitrogen oxide
2. Ammonia
3. Carbon monoxide
4. Hydrocarbons
5. Sulphur dioxide
6. Methane
7. Hydrogen
8. Helium

Which of the above options are correct?

Consider the following statements about Polymetallic nodules:

1. Polymetallic nodules are rock concretions on the sea bottom formed of concentric layers of iron and manganese hydroxides around a core.
2. It can be a small shell of microfossil, basalt debris or even fragments of earlier nodules.
3. Polymetallic nodules also called manganese nodules.

Which of the above statements are correct?

Consider the following statements about recently announced “MSME Support & Outreach Programme”:

1. PSUs will have to compulsorily procure 20% of their total purchase from MSME Sector.
2. There will be 2 per cent interest subvention for all GST registered MSMEs on fresh loans only not for the incremental loans.
3. Companies with a turnover more than Rs. 500 crore will now compulsorily be brought on the Trade Receivables e-Discounting System (TReDS).

Choose the correct code