MCQs
Total Questions : 398
| Page 37 of 40 pages
Question 361. Consider the following statements :
Which of the statements are correct?
- The first modern steel producing unit was established at Kulti (W. Bengal) in 1874.
- Bhilai steel plant was established during second Five Year Plan.
- Rourkela steel plant was established with the collaboration of the west Germany.
- Bokaro steel plant was established during the third Five Year Plan.
Which of the statements are correct?
Answer: Option D. -> 1, 2, 3 and 4
Answer: (d)
The first notable attempt in the steel industry in India was made in 1874 when the Bengal Iron Works (BIW) came into being at Kulti, near Asansol in West Bengal.
The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh was set up with the help of the USSR in 1955. SAIL Rourkela Steel Plant (RSP), located in Rourkela, Odisha is the first integrated steel plant in the public sector in India, was set up with German collaboration with an installed capacity of 1 million tonnes in the 60s.
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.
Answer: (d)
The first notable attempt in the steel industry in India was made in 1874 when the Bengal Iron Works (BIW) came into being at Kulti, near Asansol in West Bengal.
The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh was set up with the help of the USSR in 1955. SAIL Rourkela Steel Plant (RSP), located in Rourkela, Odisha is the first integrated steel plant in the public sector in India, was set up with German collaboration with an installed capacity of 1 million tonnes in the 60s.
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.
Question 362. Consider the following statements regarding the “Concessional Finance Scheme”:
Select the correct answer using the code given below:
- Under the scheme, projects are selected by the Ministry of External Affairs
- Under the scheme, Govt. of India gives a 2% interest subsidy
- The scheme is operated through EXIM Bank of India
Select the correct answer using the code given below:
Answer: Option D. -> All of the above
Answer: (d)
Under the Concessional Finance Scheme (CFS), Govt. of India supports Indian entities bidding for strategically important infrastructure projects abroad.
The Scheme is presently being operated through the Export-Import (EXIM) Bank of India, which raises resources from the market to provide concessional finance to the Indian entities abroad. Govt. of India provides counter guarantee and interest equalization (subsidy) support of 2% to the EXIM Bank.
Under the Scheme, the Ministry of External Affairs (MEA) selects the specific projects keeping in view the strategic interest of India and sends the same to the Department of Economic Affairs (DEA). There is an inter-ministerial committee that approves the project for availing CFS. Once approved by the Committee, DEA issues a formal letter to EXIM Bank conveying approval for financing of the project under CFS.
Prior to the introduction of CFS, Indian entities were not able to bid for large projects abroad since the cost of financing was very high for them and bidders from other countries such as China, Japan, Europe and the US were able to provide credit at superior terms,
i.e., lower interest rate and longer tenures which works to the advantage of bidders from those countries.
Answer: (d)
Under the Concessional Finance Scheme (CFS), Govt. of India supports Indian entities bidding for strategically important infrastructure projects abroad.
The Scheme is presently being operated through the Export-Import (EXIM) Bank of India, which raises resources from the market to provide concessional finance to the Indian entities abroad. Govt. of India provides counter guarantee and interest equalization (subsidy) support of 2% to the EXIM Bank.
Under the Scheme, the Ministry of External Affairs (MEA) selects the specific projects keeping in view the strategic interest of India and sends the same to the Department of Economic Affairs (DEA). There is an inter-ministerial committee that approves the project for availing CFS. Once approved by the Committee, DEA issues a formal letter to EXIM Bank conveying approval for financing of the project under CFS.
Prior to the introduction of CFS, Indian entities were not able to bid for large projects abroad since the cost of financing was very high for them and bidders from other countries such as China, Japan, Europe and the US were able to provide credit at superior terms,
i.e., lower interest rate and longer tenures which works to the advantage of bidders from those countries.
Answer: Option D. -> All the above
Answer: (d)
Cottage industry is run by family members on a full or part-time basis. It possesses negligible capital investment.
The production is done by hands and no wage-earning person is employed in the cottage industry.
Answer: (d)
Cottage industry is run by family members on a full or part-time basis. It possesses negligible capital investment.
The production is done by hands and no wage-earning person is employed in the cottage industry.
Answer: Option B. -> Employs more hands
Answer: (b)
A labour intensive industry is one that employs more hands i.e., employs more labour.
Answer: (b)
A labour intensive industry is one that employs more hands i.e., employs more labour.
Answer: Option A. -> All the above
Answer: (a)
The PSEs in India are basically categorized under four broad types based on their ownership structure.
These include:
departmental undertakings,
statutory corporations,
government-owned companies and
autonomous bodies set up as registered societies.
Answer: (a)
The PSEs in India are basically categorized under four broad types based on their ownership structure.
These include:
departmental undertakings,
statutory corporations,
government-owned companies and
autonomous bodies set up as registered societies.
Answer: Option B. -> Fibrous plants
Answer: (b)Cellulose fibres obtained from wood acts as primary raw material for paper and pulp industry.
Answer: (b)Cellulose fibres obtained from wood acts as primary raw material for paper and pulp industry.
Answer: Option A. -> 6.0%
Answer: (a)ADB’s flagship annual economic publication, Asian Development Outlook 2013 evaluated the economic growth of India in 2013 to 6.0 % and 6.5 % in 2014.
Answer: (a)ADB’s flagship annual economic publication, Asian Development Outlook 2013 evaluated the economic growth of India in 2013 to 6.0 % and 6.5 % in 2014.
Answer: Option D. -> 1832
Answer: (d)Paper and Paper Board is a forest-based industry. In 1832 the first modern paper mill of the country was set up at Serampore in West Bengal.
Answer: (d)Paper and Paper Board is a forest-based industry. In 1832 the first modern paper mill of the country was set up at Serampore in West Bengal.
Answer: Option D. -> Research and developmental activities
Answer: (d)
The quaternary sector is characterized by intellectual persons or individuals or groups of individuals.
It includes research and development activities. Mining and quarrying and fishing are concerned with primary sector activities.
Answer: (d)
The quaternary sector is characterized by intellectual persons or individuals or groups of individuals.
It includes research and development activities. Mining and quarrying and fishing are concerned with primary sector activities.
Answer: Option B. -> South Korea
Answer: (b)POSCO is a multinational steel making company headquartered in Pohang, South Korea. It is the world’s fourth largest steelmaker.
Answer: (b)POSCO is a multinational steel making company headquartered in Pohang, South Korea. It is the world’s fourth largest steelmaker.