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MCQs

Total Questions : 398 | Page 6 of 40 pages
Question 51. Which of the following is not an internal factor for industrial sickness?
  1.    Power shortage
  2.    Diversion of funds
  3.    Mismanagement
  4.    Wrong dividend policy
 Discuss Question
Answer: Option A. -> Power shortage
Answer: (a)
Question 52. Which statement is correct regarding road transport?

  1. India has one of the largest road networks in the world aggregating to about 3.62 million km at present.

  2. Three initiatives in the road sector were begun in recent years: The National Highway Development Project (NHDP), Pradhan Mantri Bharat Jodo Pariyojana (PMBJP) and Pradhan Mantri Gram Sadak Yojana (PMGSY)

  3. NHDP dealt with building high-quality highways. The PNBJP dealt with linking up major cities to the NHDP Highways. The PMGSY addressed rural roads.


  1.    Only I
  2.    II & III
  3.    I & II
  4.    All the above
 Discuss Question
Answer: Option D. -> All the above
Answer: (d)
Question 53. The philosophy of “Invisible hand” was given by:
  1.    Adam Smith
  2.    Milton Freidman
  3.    Karl Marx
  4.    John Maynard Keynes
 Discuss Question
Answer: Option A. -> Adam Smith
Answer: (a)
The phrase ‘Invisible hand’ was introduced by ‘Adam Smith’ in his book ‘The Wealth of Nations'. It is a metaphor for the unseen forces (of demand and supply) that move the free market economy.
Through individual self-interest and freedom of production as well as consumption, the best interest of society, as a whole are fulfilled.
Question 54. When was the “Package for Promotion of Micro and Small Enterprises” announced?
  1.    March 2009
  2.    August 2005
  3.    February 2007
  4.    November 2010
 Discuss Question
Answer: Option C. -> February 2007
Answer: (c)
In February 2007, a “Package for Promotion of Micro and Small Enterprises” was announced.
This includes measures addressing concerns of credit, fiscal support, cluster-based development, infrastructure, technology, and marketing.
Capacity building of MSME Associations and support to women entrepreneurs are the other important attributes of this package.
Question 55. Which one of the following is a raw material oriented industry?
  1.    Petroleum industry
  2.    Sugar industry
  3.    Light engineering industry
  4.    Ship Industry
 Discuss Question
Answer: Option A. -> Petroleum industry
Answer: (a)
Crude oil is the basic raw material upon which all refinery processes are founded.
Question 56. What were the policy measures taken under Industrial Policy 1991?

  1. Non-Resident Indians Scheme (NRIs are allowed to invest up to 100% equity on a non-repatriation basis in all activities except for a small negative list).

  2. Electronic Hardware Technology Park (EHTP), Software Technology Park (STP) Scheme for building up the strong electronic industry to enhance exports.

  3. Liberalised policy for Foreign Direct Investment (FDI).

  4. Abolition of the MRTP limit.


 
  1.    Only II
  2.    III & IV
  3.    I & III
  4.    All the above
 Discuss Question
Answer: Option D. -> All the above
Answer: (d)
Question 57. Consider the following statements :
  1. National Thermal Power Corporation has diversified into hydropower sector.
  2. Power Grid Corporation of India has diversified into telecom sector.
Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option C. -> 1 only
Answer: (c)In order to give impetus to hydro power growth in the country and to have a balanced portfolio of power generation, NTPC entered hydro power business with the 800 MW Koldam hydro project in Himachal Pradesh. Two more projects have also been taken up in Uttarakhand.
Question 58. In which state of India is the maximum poverty ratio calculated by the Planning Commission?
  1.    Jharkhand
  2.    Bihar
  3.    Chhattisgarh
  4.    Odisha
 Discuss Question
Answer: Option C. -> Chhattisgarh
Answer: (c)The poverty ratio was highest in Chhattisgarh at 39.93 per cent followed by Jharkhand (36.96 per cent), Manipur (36.89 per cent), Arunachal Pradesh (34.67 per cent) and Bihar (33.47 per cent).
Question 59. Consider the following statements:

  1. Share of MSME sector is around 30% in overall GDP of our country

  2. Share of MSME sector is around 40% in overall exports of the country


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 B. -> Both (i) & (ii)
Answer: (b)
MSME sector contributes approximately 30% to the GDP of the country and 40% to the exports.
The MSME sector comprises over 6 crore enterprises and employs 11 crore people (approx. 26% of the workforce).
Question 60. Consider the following statements about Tata Steel:

  1. It is Asia’s first privately own integrated iron and steel plant.

  2. It is the first company outside Japan to get the Deming Application Prize in 2008 for excellence in total quality management

  3. Immediately after the enactment of the Provident Fund Law in India, Tata Steel introduced a provident funds for its employees.

  4. It is the first company in the world to get social accountability 8000 certifications from the social accountability international from the USA.


Which of the statements given above are correct?
  1.    1, 2 and 3
  2.    2 and 3
  3.    3 and 4
  4.    1, 2, 3 and 4
 Discuss Question
Answer: Option A. -> 1, 2 and 3
Answer: (a)
Tata Steel is Asia’s first privately owned integrated iron and steel plant. It is the first company outside Japan to get the Deming Application Prize in 2008 for excellence in total quality management.
Tata Steel started a provident fund for its employees as early as 1920, however, it became a law for all employers under the Provident Fund Act only in 1952.

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