MCQs
Total Questions : 398
| Page 8 of 40 pages
Question 71. Which statements are correct regarding Industrialization post-1990?
- Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
- The foreign equity investment was allowed up to 70%.
- Geographical restrictions and investment cap for small industries were removed.
Answer: Option A. -> I & III
Answer: (a)
Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
The foreign equity investment was allowed up to 40%. Geographical restrictions and investment cap for small industries were removed.
Answer: (a)
Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
The foreign equity investment was allowed up to 40%. Geographical restrictions and investment cap for small industries were removed.
Question 72. What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector?
- Setting up of National Investment and Manufacturing Zones.
- Providing the benefit of ‘single window clearance’.
- Establishing the Technology Acquisition and Development Fund.
Answer: Option A. -> 1 and 3
Answer: (a)
Answer: (a)
Answer: Option C. -> 1, 2, 3 and 4
Answer: (c)
Important Govt. of India Central Acts and Rules having Relevance to Biodiversity Conservation:
Fisheries Act, 1897,
Destructive Insects and Pests Act, 1914,
The Indian Forest Act, 1927,
Agricultural Produce (Grading and Marketing) Act, 1937,
Indian Coffee Act, 1942,
Import and Export (Control) Act, 1947,
Rubber (Production and Marketing) Act, 1947,
Tea Act, 1953,
Mining and Mineral Development (Regulation) Act, 1957,
Prevention of Cruelty to Animals Act, 1960,
Customs Act, 1962,
Cardamom Act, 1965,
Seeds Act, 1966,
The Patents Act, 1970,
Wildlife (Protection) Act, 1972,
Marine Products Export Development Authority Act,1972,
Water (Prevention and Control of Pollution) Act, 1974,
Tobacco Board Act, 1975,
Territorial Water, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976,
Water (Prevention and Control of Pollution) Cess Act, 1977,
Maritime Zones of India (Regulation and Fishing by Foreign Vessels) Act. 1980,
Forest (Conservation) Act, 1980,
Air (Prevention and Control of Pollution) Act, 1981,
Agricultural and Processed Food Products Export Development Authority Act, 1985/1986,
Environment (Protection) Act, 1986,
Spices Board Act, 1986,
National Dairy Development Board, 1987 etc.
Answer: (c)
Important Govt. of India Central Acts and Rules having Relevance to Biodiversity Conservation:
Fisheries Act, 1897,
Destructive Insects and Pests Act, 1914,
The Indian Forest Act, 1927,
Agricultural Produce (Grading and Marketing) Act, 1937,
Indian Coffee Act, 1942,
Import and Export (Control) Act, 1947,
Rubber (Production and Marketing) Act, 1947,
Tea Act, 1953,
Mining and Mineral Development (Regulation) Act, 1957,
Prevention of Cruelty to Animals Act, 1960,
Customs Act, 1962,
Cardamom Act, 1965,
Seeds Act, 1966,
The Patents Act, 1970,
Wildlife (Protection) Act, 1972,
Marine Products Export Development Authority Act,1972,
Water (Prevention and Control of Pollution) Act, 1974,
Tobacco Board Act, 1975,
Territorial Water, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976,
Water (Prevention and Control of Pollution) Cess Act, 1977,
Maritime Zones of India (Regulation and Fishing by Foreign Vessels) Act. 1980,
Forest (Conservation) Act, 1980,
Air (Prevention and Control of Pollution) Act, 1981,
Agricultural and Processed Food Products Export Development Authority Act, 1985/1986,
Environment (Protection) Act, 1986,
Spices Board Act, 1986,
National Dairy Development Board, 1987 etc.
Answer: Option A. -> Chennai
Answer: (a)Anna International Airport is located in Chennai of Tamil Nadu. First international airport to get ISO-9001-2000 certification.
Answer: (a)Anna International Airport is located in Chennai of Tamil Nadu. First international airport to get ISO-9001-2000 certification.
Question 75. Consider the following statements :
Which of the statements given above is/are correct:
- The first petrochemical industry in India was started with the establishment of the National organic chemical industry limited in the sixties.
- The real thrust of the petrochemical industry in India came with the establishment of the Indian Petrochemical Corporation Limited (IPCL) at Baroda.
Which of the statements given above is/are correct:
Answer: Option A. -> Both 1 and 2
Answer: (a)
The first petrochemical industry in India was started with the establishment of National Organic Chemical Industry Limited in 1961.
The company manufacture various organic and inorganic chemicals. The real thrust of the Petrochemical industry in India came with the establishment of Indian Petrochemical Corporation Limited (IPCL) at Baroda on March 22, 1969, with a view to promote and encourage the use of plastics in India.
Answer: (a)
The first petrochemical industry in India was started with the establishment of National Organic Chemical Industry Limited in 1961.
The company manufacture various organic and inorganic chemicals. The real thrust of the Petrochemical industry in India came with the establishment of Indian Petrochemical Corporation Limited (IPCL) at Baroda on March 22, 1969, with a view to promote and encourage the use of plastics in India.
Answer: Option A. -> An Indian Share Market
Answer: (a)
OTCEI was incorporated in 1990 as a Section 25 company under the Companies Act 1956 and is recognized as a stock exchange under Section 4 of the Securities Contracts Regulation Act, 1956.
The Exchange was set up to aid enterprising promoters in raising finance for new projects in a cost-effective manner and to provide investors with a transparent & efficient mode of trading.
Answer: (a)
OTCEI was incorporated in 1990 as a Section 25 company under the Companies Act 1956 and is recognized as a stock exchange under Section 4 of the Securities Contracts Regulation Act, 1956.
The Exchange was set up to aid enterprising promoters in raising finance for new projects in a cost-effective manner and to provide investors with a transparent & efficient mode of trading.
Answer: Option A. -> 1 and 3 only
Answer: (a)
Land development banks started financing long term loans for more significant rural development activities like rural and cottage industries, rural artisans etc.
The main purpose of RRB’s is to mobilize financial resources from rural / semi-urban areas and grant loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans.
Answer: (a)
Land development banks started financing long term loans for more significant rural development activities like rural and cottage industries, rural artisans etc.
The main purpose of RRB’s is to mobilize financial resources from rural / semi-urban areas and grant loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans.
Question 78. What were the modified policies of government after the 1950s?
- Defence and strategic industries were to be the exclusive domain of the government.
- Existing units in basic and key industries could continue in the private sector but no fresh private investment in these sectors was to be allowed.
- Twenty important industries were allowed in the private sector but under the strict supervision of the state.
- All industries not covered by the above three categories were allowed in the private sector under the general supervision of the state.
Answer: Option D. -> All the above
Answer: (d)
Defence and strategic industries were to be the exclusive domain of the government. Existing units in basic and key industries could continue in the private sector but no fresh private investment in these sectors was to be allowed.
Twenty important industries were allowed in the private sector but under the strict supervision of the state. All industries not covered by the above three categories were allowed in the private sector under the general supervision of the state.
Answer: (d)
Defence and strategic industries were to be the exclusive domain of the government. Existing units in basic and key industries could continue in the private sector but no fresh private investment in these sectors was to be allowed.
Twenty important industries were allowed in the private sector but under the strict supervision of the state. All industries not covered by the above three categories were allowed in the private sector under the general supervision of the state.
Answer: Option C. -> Banking
Answer: (c)
The service sector consists of activities where people offer their knowledge and time to improve productivity.
Examples of tertiary industries may include the following: telecommunication, hospitality industry/tourism, mass media, healthcare/hospitals, information technology, banking, insurance, investment management, accountancy, legal services, consulting, retail sales, real estate, education.
Service Sector - It produces intangible goods, more precisely services instead of Goods.
Answer: (c)
The service sector consists of activities where people offer their knowledge and time to improve productivity.
Examples of tertiary industries may include the following: telecommunication, hospitality industry/tourism, mass media, healthcare/hospitals, information technology, banking, insurance, investment management, accountancy, legal services, consulting, retail sales, real estate, education.
Service Sector - It produces intangible goods, more precisely services instead of Goods.
Answer: Option A. -> RBI
Answer: (a)
In India, ‘Report on Currency and Finance’ is the annual publication of the Reserve Bank of India.
The report highlights the evaluation or devaluation of the rupee as a currency along with it other aspects and projects the financial condition of the economy.
Answer: (a)
In India, ‘Report on Currency and Finance’ is the annual publication of the Reserve Bank of India.
The report highlights the evaluation or devaluation of the rupee as a currency along with it other aspects and projects the financial condition of the economy.
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