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Total Questions : 398 | Page 10 of 40 pages
Question 91. Kuwait’s biggest Mobile Telecommunication Company known as Zain has been bought by—
  1.    Vodafone
  2.    Bharti Airtel
  3.    Aircel
  4.    Reliance Communication
 Discuss Question
Answer: Option B. -> Bharti Airtel
Answer: (b)Bharti Airtel has acquired Zain Telecom’s African assets in a $10.7 billion deal. The acquisition of Zain assets will give the Indian mobile market leader a footprint in 15 African countries.
Question 92. What is the major contribution of the Electronics industry to the country?
  1.    Improved standard of living
  2.    Maximised wealth formation
  3.    Encouraged employment
  4.    Reduced poverty
 Discuss Question
Answer: Option C. -> Encouraged employment
Answer: (c)
the Electronic industry is responsible for the generation of employment. Bangalore is the hub of the electronic industry in the country and is called the electronic city.
There are approximately 200 IT/ ITES companies located in Electronics City which have employed many unemployed in various fields.
Question 93. Which statement is correct regarding information technology?

  1. The IT industry is the biggest private-sector employer in India, and it added 230,000 employees in 2014-15, thus making the total number of jobs in the industry close to 3.5 million.

  2. The IT sector also accounted for 9.5% of the gross domestic product. The IT industry holds the largest share of total services exports at 38%.


  1.    Both I & II
  2.    Only II
  3.    Only I
  4.    None of these
 Discuss Question
Answer: Option A. -> Both I & II
Answer: (a)
The IT industry is the biggest private-sector employer in India, and it added 230,000 employees in 2014-15, thus making the total number of jobs in the industry close to 3.5 million.
The IT sector also accounted for 9.5% of the gross domestic product. The IT industry holds the largest share of total services exports at 38%.
Question 94. Consider the following statements about the Competition Commission of India.

  1. Competition Commission of India (CCI) was established with effect from 14th October 2003.

  2. The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises.

  3. CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.


Which of the statements given above is/are correct?
  1.    2 only
  2.    1 and 2
  3.    1 only
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Answer: (d)
Competition Commission of India is a body of the government of India responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October, 2003.
The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises. CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.
Question 95. In India the public sector is the most dominant in
  1.    organized term-ending financial institution
  2.    commercial banking
  3.    steel production
  4.    transport
 Discuss Question
Answer: Option D. -> transport
Answer: (d)
Question 96. What do you understand by the term “Circular Economy” often seen in news?
  1.    It refers to an industrial system that is restorative or regenerative in nature
  2.    It refers to a “Closed Economy” that primarily relies on internal trade
  3.    It refers to the cyclical booms and recession in an economy
  4.    It refers to a system in which there is Cyclical correlation between savings and investment
 Discuss Question
Answer: Option A. -> It refers to an industrial system that is restorative or regenerative in nature
Answer: (a)
A circular economy is an industrial system that is restorative or regenerative by intention and design.
It replaces the end-of-life concept with
restoration,
shifts towards the use of renewable energy,
eliminates the use of toxic chemicals,
which impair reuse and return to the biosphere, and
aims for the elimination of waste through the superior design of materials, products, systems and business models.
Question 97. Which statement is correct regarding the cotton industry?

  1. The first Indian modernised cotton mill, located in Kolkata in 1818

  2. The second mill named ‘Bombay Spinning and Weaving Co.’ was established in 1854 at Bombay by KGN Daber

  3. There were 394 cotton mills in India before the partition


  1.    Only II
  2.    II & III
  3.    I & II
  4.    All the above
 Discuss Question
Answer: Option D. -> All the above
Answer: (d)
Question 98. What is the approximate share of SSIs in gross industrial value added in the Indian economy?
  1.    5%
  2.    25%
  3.    30%
  4.    40%
 Discuss Question
Answer: Option D. -> 40%
Answer: (d)The small-scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy.
Question 99. Identify the correct sequence of the establishment of steel plant in India from the earliest to the latest.
  1.    Jamshedpur–Bhilai, Bokaro–Vishakhapatnam
  2.    Bhilai, Jamshedpur, Vishakhapatnam, Bokaro
  3.    Bokaro–Jamshedpur, Vishakhapatnam, Bhilai
  4.    Jamshedpur, Bokaro, Bhilai, Vishakhapatnam
 Discuss Question
Answer: Option A. -> Jamshedpur–Bhilai, Bokaro–Vishakhapatnam
Answer: (a)
TISCO was founded in 1907 by Dorabji Tata. The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh, was set up with the help of the USSR in 1955. Bokaro Steel Plant is located in the Bokaro district of Jharkhand.
It is the fourth integrated public sector steel plant in India built with Soviet help in 1972. Visakhapatnam Steel Plant, popularly known as Vizag Steel, is the most advanced steel producer in India with the help of German and soviet technology founded in 1974.
Question 100. The SEZ Act 2005 which came into effect in February 2006 has certain objectives? In this context consider the following :
  1. Development of infrastructure facilities
  2. Promotion of investment from foreign sources.
  3. Promotion of export of services only.
Which of the above is/are objective of this Act?
  1.    2 only
  2.    2 and 3
  3.    1 and 2
  4.    1, 2 and 3
 Discuss Question
Answer: Option C. -> 1 and 2
Answer: (c)The main objectives of the SEZ Acts 2005, is to develop infrastructure facilities and to promote investment from foreign sources.

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