9. Industry Indian Economy GK Industry

1. In India, liberal Industrial Policy was adopted in the year :

(a) 1948

(b) 1956

(c) 1985

(d) 1991

2. First Industrial Policy of free India was announced in the year

(a) 1947

(b) 1948

(c) 1951

(d) 1956

3. National Renewal Fund was constituted for the purpose of:

(a) Providing Pension for retiring employees grio

(b) Social security

(c) Rural reconstruction

(d) Restructuring and modernisation of industries

4. Which one of the following pairs is NOT properly matched ?

   Industries              industrialists

(a) Reliance           Mukesh Ambani

(b) Wipro                R. Krishnamurthy

(c) Airtel                 Bharati Mittal

(d) Nano Car          Ratan Tata

5. Read the following statements carefully

1. In the public sector of India, there are basic and heavy industries.

2. All industries of the public sector are profit oriented.

3. Jobs are secured in the industries of the public sector.

Answer on the basis of following codes:

(a) 1 and 2 are true

(b) 1 and 3 are true

(c) 2 and 3 are true

(d) 1, 2 and 3 are true

6. …… is the most industrially advanced State in India?

(a) Maharashtra 

(b) Punjab

(c) Gujarat  

(d) Tamil Nadu

7. is also called ‘sunrise’ industry :

(a) Copper

(b) Plastic

(c) Automobile

(d) Jewellery 

8. Industrial licensing was finally abolished (with a few exception) in the :

(a) Industrial Policy, 1970

(b) Industrial Policy, 1980

(c) Industrial Policy, 1991

(d) Industrial Policy, 1995

9. The first heavy electrical equipment manufacturing plant set up in the public sector in 1960 is at :

(a) Bhopal

(b) Durgapur

(c) Hyderabad

(d) Ranipur (near Haridwar)

10. Consider the following statements :

1. The expansion of the public sector was based on the Industrial Policy Resolution, 1956.

2. The Government announced New Industrial Policy in July, 1991.

3. Government has not announced any industrial policy at all.

Of the statements:

(a) 1 alone is correct

(b) 2 alone is correct

(c) 1 and 2 are correct

(d) All are correct

11. Rourkela Steel Plant was set up with the assistance from :

(a) USSR

(b) UK

(c) USA

(d) West Germany

12. Omkar Goswami Committee was set up by the Government for examining the issue of: o

(a) Industrial relations

(b) Industrial sickness

(c) Growth of small scale industries 

(d) Reforms in the Banking sector

13. Who amongst the following is NOT an auto company ?

(a) Hyundai

(b) General Motors

(c) Maruti

(d) Tata 

(e) Tripex

14. Which of the following car companies has launched a small cheaper car ‘Nano’?

(a) Maruti Suzuki Udyog Ltd.

(b) Hyundai Motor India Ltd.

(c) Hindustan Motor Ltd.

(d) Tata Motors Ltd.

(e) None of these 

15. Which of the following is NOT a Public Sector Unit/Undertaking Agency ?

(a) ECGC 

(b) SEBI

(c) SIDBI 

(d) BHEL

(e) Axis Bank

16. Maruti views Tata Motors as a prominent competitor but does not view Volvo as a competitor. This type of competition in the market is known as:

(a) Product Competition

(b) Production flow competition1 Tods.

(c) Cost control competition

(d) Service competition

(e) None of these

17. Consider the following statements:

1. The first modern steel producing unit was established at Kulti (W. Bengal) in 1874.

2. Bhilai steel plant was established during the second Five Year Plan.

3. The Rourkela steel plant was established with the collaboration of West Germany.

4 Bokaro steel plant was established during the Third Five Year Plan.

Which of the statements are correct?

(a) 1, 2 and 3

(b) 2, 3 and 4

(c) 1, 3 and 4

(d) 1, 2, 3 and 4 

Indian Economy GK Industry

18. Which is NOT a source of Industrial Finance in India?

(a) Industrial Finance Corporation of India

(b) State Finance Corporation

(c) Unit Trust of India


19. What are the ‘Core Industries’ in India?

(a) Electricity

(b) Coal

(c) Petroleum Products

(d) All of these

20. Urbanisation and Industrialisation are determined to

(a) Sustainable development

(b) Environmental and Ecology

(c) Preservation of biodiversity

(d) All of these

21. SIDBI has been established to

(a) finance cottage industries

(b) finance small scale industries

(c) finance large scale industries

(d) finance public sector undertakings

22. Encouraging more multinational companies in India is to promote the policy of:

(a) Globalisation 

(b) Liberalisation

(c) Privatisation  

(d) All of these

23. Commercial paper is a source of credit for which one of the following ?

(a) Corporate Industry

(b) Small Scale Industries

(c) Commercial Banks 

(d) Foreign Banks

24. The Chairman of the National Commission for Enterprises in the Unorganised Sector is

(a) Arjun Sengupta

(b) C. Chandra Shekhar Rao 

(c) P. R. Das Munshi

(d) K. Natwar Singh

25. Which one of the following committees recommended the abolition of reservation of items for the small scale sector in industry ?

(a) Abid Hussain Committee

(b) Narasimham Committee

(c) Nayak Committee

(d) Rakesh Mohan Committee

26. A labour intensive industry is one that: 

(a) requires hard manual labour

(b) pay adequate wages to the labour 

(c) employs more hands

(d) provides facilities to labour 

27. The licensing policy for the industries drew strength from :

(a) Industrial Policy Resolution 1948 

(b) Industrial Policy Resolution 1956

(c) Congress Party Resolution of establishing socialistic pattern of society

(d) Industrial Act, 1951

28. Abid Hussain Committee was related to :

(a) Export promotion

(b) Small and medium industries 

(c) Agricultural development

(d) Energy sector reforms

29. Bhilai Steel Plant is the collaborative project of the Indian Government and……

(a) Soviet Union

(b) Britain

(c) Germany

(d) Poland 

30. Since when disinvestment started in public enterprises?

(a) 1990-91

(b) 1991-92

(c) 1992-93

(d) 1993- 94

31. Which country/countries started privatisation of State-owned enterprises as a major State policy ?

(a) U.K. under Mrs. Margret Thatcher

(b) Russia in the C.I.S. 

(c) Mexico/ Argentina/Brazil

(d) Italy/France/Malaysia

Indian Economy GK Industry

32. One of the objectives of Industrial Licensing Policy in India was to ensure:

(a) Creation of adequate employment opportunities

(b) Free flow of foreign capital in Indian industries

(c) Use of modern technology

(d) Balanced industrial development across regions

33. Why did the Supreme Court, in their judgement of September, 2003, hold that privatisation of HPCL and BPCL was not permissible?

(a) Due process of law for disinvestment had not been followed

(b) Itis against the interest of the capital asset in the form of their employees

(c) It Had not been recommended by the Disinvestment


(d) It is in conflict with the statutes that created HPCL and BPCL

34. Correlate the following :

Industry                            Field

A. Basic industries          1. Petroleum 

B. Strategic industries     2. Arms and Ammunition

C. Critical industries        3. Automobile

D. Goods-based industries 4. Fertilizer

Note : All matched.

35. Which of the following is NOT an immediate indicator of industrial sickness?

(a) Drop in profitability 

(b) Labour unrest

(c) Shrinking of market credit 

(d) Decline in market share

36. Which of the following is the classification of industries on the basis of raw-materials?

(a) Small Scale and Large scale

(b) Primary and Secondary

(c) Basic and Consumer

(d) Agro-based and Mineral 

37. Which of the following is a Navaratna PSE ?

(a) Mahanagar Telephone Nigam Ltd

(b) Container Corporation of India Ltd 

(c) MMTC Ltd

(d) Engineers India Ltd 

38. Token privatisation or deficit privatisation of public sector units occur when the government sells:

(a) 5% of shares 

(b) 10% of shares

(c) 15% of shares

(d) 20% of shares

39. Disinvestment is :

(a) Offloading of shares of private companies to government

(b) Offloading of government shares to private companies

(c) Increase in investment

(d) Closing down of business concerns

40. Which of the following is a Navaratna PSE?

(a) Bharat Petroleum Corporation Ltd (BPCL)

(b) MMTC Ltd

(c) Engineers India Ltd

(d) Container Corporation of India Ltd 

41. Which is the biggest enterprise of the Government of India?

(a) Postal and Telegraph 

(b) Railway

(c) Banking

(d) Shipping

Indian Economy GK Industry

42. Economic liberalisation in India started with:

(a) substantial changes in industrial licensing policy

(b) the convertibility of Indian rupees

(c) doing away with procedural formalities for foreign direct investment

(d) significant reduction in tax rates 

43. Consider the following factors regarding an industry:

1. Capital investment

2. Business turnover

3. Labour force

4. Power consumption

Which of these determine the nature and size of the industry ?

(a) 1, 3 and 4

(b) 1, 2 and 4 

(c) 2, 3 and 4

(d) 2 and 3

44. Which öf the following pairs are correctly matched ?

 Enterprise          Industrial Group

1. VSNL     ……………Bharati Group

2. Mundra SEZ…..  …Adani Group

3.CMC Ltd ……………Tata Group

4. IPCL…………………Reliance Group

Select the correct answer using the codes given below:

(a) 1, 2 and 3

(b) 3 and 4

(c) 1, 2 and 4 

(d) 2, 3 and 4

45. Match List-I (Aluminium Company) with List-II (Location) and select the correct answer by using the code given below the lists :

List-I                               List-II

A. BALCO                      1. Korba

B. HINDALCO                2. Renukoot

C. Indian Aluminium Company 3. Hirakud

D. NALCO                      4. Koraput

Note : All Correct.

46. Consider the following pairs

Firm                                 Group

1. Ashok Leyland             Hinduja

2. Hindalco Industries      A. V. Birla

3. Suzlon Energy                Tulsi Tanti

Which of the pair(s) given above is/are correctly matched ?

(a) 1 and 2

(b) 2 only

(c) 1 and 3l

(d) 1, 2 and 3 

47. In the context of India’s Five Year Plans, a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begins in:

(a) Fourth Plan

(b) Sixth Plan

(c) Eighth Plan

(d) Tenth Plan

Indian Economy GK Industry

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