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Total Questions : 398 | Page 3 of 40 pages
Question 21. Who among the following is appointed as the President of ASSOCHAM.
  1.    Rana Kapoor
  2.    R. Shiv Kumar
  3.    Sandeep Jajodia
  4.    Sunil Kanoria
 Discuss Question
Answer: Option D. -> Sunil Kanoria
Answer: (d)
ASSOCHAM Head Quarter - New Delhi,
President - Sunil Kanoria R. Shivakumar has been appointed as the chairman of ASSOCHAM.
Chanda Kochar - MD & CEO of ICICI Bank.
Question 22. Which among the below statements are correct regarding the Features of Industrial Policy 1991?

  1. To maintain sustained growth in productivity.

  2. To enhance gainful employment.

  3. Liberalisation of Industrial Licensing Policy.

  4. Introduction of Industrial Entrepreneur’s Memorandum (i.e., no industrial approval is required for industries not requiring compulsory licensing).


  1.    Only IV
  2.    I & III
  3.    I & II
  4.    All the above
 Discuss Question
Answer: Option C. -> I & II
Answer: (c)
Question 23. Which statement is correct regarding energy?

  1. Coal was the most important source of energy during the Industrial Revolution. In the 20th century, it was replaced by oil, which was an even cheaper source.

  2. When the oil-producing countries formed a cartel (OPEC) and increased the price of crude oil from USD2.1 per barrel in 1973 to as much as $28 per barrel in 1980, it hit developing countries like India the most.


  1.    I & II
  2.    Only II
  3.    Only I
  4.    None of these
 Discuss Question
Answer: Option A. -> I & II
Answer: (a)
Coal was the most important source of energy during the Industrial Revolution.
In the 20th century, it was replaced by oil, which was an even cheaper source. When the oil-producing countries formed a cartel (OPEC) and increased the price of crude oil from USD2.1 per barrel in 1973 to as much as $28 per barrel in 1980, it hit developing countries like India the most.
Question 24. Consider the following liquid assets:
  1. Demand deposits with the banks
  2. Time deposits with the banks
  3. Saving deposits with the banks
  4. Currency
The correct sequence of these assets in the decreasing order of liquidity is
  1.    2-3-1-4
  2.    4-3-2-1
  3.    1-4-3-2
  4.    4-1-3-2
 Discuss Question
Answer: Option D. -> 4-1-3-2
Answer: (d)Currency/cash is the most liquid ,then the demand deposits (current accounts), then the saving deposits with bank and finally the least liquid is the time deposits with the bank (fixed deposits).
Question 25. Container Corporation of India Limited (CONCOR), a public sector undertaking is under the administration control of which of the following ministries?
  1.    Small scale
  2.    Ministry of Railways
  3.    Heavy Industry
  4.    Shipping Road Transport and Highways
 Discuss Question
Answer: Option B. -> Ministry of Railways
Answer: (b)
Container Corporation of India Ltd. (CONCOR) is a Navratna Public sector undertaking under the Indian Ministry of Railways.
Incorporated in March 1988 under the Companies Act, CONCOR commenced operations in November 1989 taking over an existing network of seven inland container depots (ICDs) from Indian Railways.
It now has a network of 61 ICDs/CFSs (Container Freight Stations) throughout India.
Question 26. Consider the following statements :
  1. The first news print plant was set up in India at Nepanagar.
  2. The first modern steel plant in India was set up at Bhadrawati.
Which of the statements given above is/are correct?
  1.    Both 1 and 2
  2.    1 only
  3.    2 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option B. -> 1 only
Answer: (b)The first newsprint plant was set up in India at Nepanagar in 1948.
Question 27. Which of the following statements are true regarding "India Infrastructure Finance Company Limited (IIFCL)":

  1. It is a non-Government company

  2. It is an NBFC registered with RBI


Select the correct answer using the code given below:
  1.    (i) only
  2.    Both (i) & (ii)
  3.    (ii) only
  4.    Neither (i) nor (ii)
 Discuss Question
Answer: Option C. -> (ii) only
Answer: (c)
India Infrastructure Finance Company Limited (IIFCL) is a wholly-owned Government of India company set up in 2006 to provide long-term financial assistance to viable infrastructure projects.
The sectors eligible for financial assistance from IIFCL are as per the Harmonized list of Infrastructure Sub-Sectors as approved by the Government. These broadly include transportation, energy, water, sanitation, communication, social and commercial infrastructure.
IIFCL is registered as an "NBFC-ND-IFC"
i.e. Non-Banking Financial Company - Non-Deposit - Infrastructure Finance Company. NBFCs have been classified into 'Deposit' and 'Non-Deposit (ND)' accepting.
NBFCs are also classified as per what kind of activity they conduct and one of the categories is 'Infrastructure Finance Company (IFC)'
Question 28. The term "roll-on roll-off" recently in the news is related to which of the following:
  1.    Transportation of vehicles through ships
  2.    Railway engines and wagons
  3.    Connecting two ports through dedicated shipping channel
  4.    Dedicated freight corridors
 Discuss Question
Answer: Option A. -> Transportation of vehicles through ships
Answer: (a)
Roll-on roll-off (ro-ro is an acronym for roll-on roll-off) ships are vessels designed to carry wheeled cargo such as cars, trucks, trailers that are driven on and off the ship on their own wheels or using a platform vehicle.
(Earlier wheeled vehicles were carried as cargo on oceangoing ships and were treated like any other cargo. Automobiles had their fuel tank emptied and their batteries disconnected before being hoisted onto the ship which was a difficult and tedious process and vehicles were subject to damage and could not be used for routine/daily travel.)
On 23rd Oct 2017, Prime Minister inaugurated the first phase of the roll-on roll-off ferry service (for conveying passenger and goods both) connecting Saurashtra with South Gujarat.
Question 29. Which sentences are correct regarding export in India?

  1. 45%-50% of the Indian Exports is contributed by SSI Sector.

  2. Direct exports from the SSI Sector account for nearly 45% of total exports.

  3. Besides direct exports, it is estimated that smallscale industrial units contribute around 15% to exports indirectly.


  1.    Only II
  2.    I & III
  3.    I & II
  4.    All the above
 Discuss Question
Answer: Option B. -> I & III
Answer: (b)
45%-50% of the Indian Exports is contributed by SSI Sector. Direct exports from the SSI Sector account for nearly 35% of total exports.
Besides direct exports, it is estimated that small-scale industrial units contribute around 15% to exports indirectly.
Question 30. Consider the following statements: Small-scale industries are in most cases, not as efficient and competitive as the large-scale ones. Yet the government provides preferential treatment and reservations in a range of products to the small firms because of small-scale industries.

  1. provide higher employment on a per-unit capital development basis.

  2. promote a regional dispersion of industries and economic activities.

  3. have performed better in export on manufactured products than the large scale ones.

  4. provide jobs to low-skill workers, who otherwise may not find employment revenues elsewhere.


Which of the above statements are correct?
  1.    2 and 3
  2.    1 and 2
  3.    1 and 4
  4.    3 and 4
 Discuss Question
Answer: Option D. -> 3 and 4
Answer: (d)

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