Industries - MCQs with answers - Part 1

Industries - MCQs with answers - Part 1


1. Consider the following statements and identify the right ones.

i. The Industrial Policy of 1948 was the first industrial policy statement by the Government
ii. It gave leading role to the private sector

a. I only
b. ii only
c. both
d. none

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ANSWER: a. I only

It gave leading role to the public sector as there were limited resources of private sector at that time.



2. Consider the following statements and identify the right ones.

i. As per the 1948 policy, six industries were under the mixed sector
ii. New units could be set up by the private sector

a. i only
b. ii only
c. both
d. none

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ANSWER: a. I only

Only public sector could set up new units. The existing private ones were allowed for 10 years.



3. Which of the following was not an objective of the 1956 industrial policy?

a. Development of cooperative sector
b. Expansion of public sector
c. Develop heavy and machine making industries
d. None of the above

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ANSWER: d. None of the above

The 1956 policy also classified industries into public sector, private and mixed sector.



4. Consider the following statements and identify the right ones.

i. The 1980 industrial policy emphasized "economic federalism"
ii. Liberal license policies were advocated for agro-based industries

a. I only
b. ii only
c. both
d. none

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ANSWER: c. both

The main objective aimed at expanding production capacity and increasing the growth of industrial production.



5. Consider the following statements and identify the right ones.

i. The 1991 industrial reforms exempted all industries from compulsory licensing
ii. There are six industries under compulsory licensing today

a. I only
b. ii only
c. both
d. none

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ANSWER: b. ii only

The 1991 industrial reforms exempted all industries from compulsory licensing except 18 industries.



6. Which of the following industries are to be given compulsory licensing?

a. Alcohol
b. Tobacco
c. Drugs and pharmaceuticals
d. All the above

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ANSWER: d. All the above

Other 3 industries are electronic aerospace and defence equipments, hazardous chemicals and industrial explosives.



7. Which of the following industries was de-reserved in 1993?

a. Atomic energy
b. Atopic minerals
c. Mining of copper and zinc
d. Railways

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ANSWER: c. Mining of copper and zinc

Railways, atomic energy and atomic minerals continued to be under the public sector.



8. Consider the following statements and identify the right ones.

i. The Board for Reconstruction of Public Sector Enterprises is an advisory body for strengthening public sector units
ii. It comprises of a chairman, 3 official and 3 non official members and 3 permanent invitees.

a. i only
b. ii only
c. both
d. none

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ANSWER: c. both

The Board for Reconstruction of Public Sector Enterprises was established in 2004.



9. Which of the following is not a Maha-Ratna industry?

a. GAIL
b. Coal India Limited
c. SAIL
d. Airports Authority of India

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ANSWER: d. Airports Authority of India

Airports Authority of India falls under the category of mini ratna category 1.



10. Which of the following is a nav Ratna category unit?

a. HAL
b. Oil India Limited
c. MTNL
d. All the above

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ANSWER: d. All the above

There are 16 industries that fall under the status of navratna.


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