Practice test

Industry and lpg - Test Set 1

Review 20 exam-focused questions with detailed explanations, then start the interactive test when you are ready.

20 questions

Questions and explanations

  1. Question 1

    Most public sector units performed with:
    1. High profit
    2. Subsidy
    3. No profit no loss
    4. None
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  2. Question 2

    First Industrial Policy introduced in:
    1. 1947
    2. 1948
    3. 1950
    4. 1951
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  3. Question 3

    Decade 1965-1975 witnessed:
    1. Very high industrial growth
    2. High industrial growth
    3. Stagnation
    4. None
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  4. Question 4

    Industrial Reforms Policy approach to monopolies:
    1. Remove MRTP restrictions
    2. Tighten restrictions
    3. Neutral attitude
    4. Partly regulate
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  5. Question 5

    Number of PSEs under New Economic Policy:
    1. Increased
    2. Decreased
    3. Remained same
    4. First increased then decreased
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  6. Question 6

    Maximum consumer of water in India:
    1. Engineering
    2. Paper & Pulp
    3. Textiles
    4. Thermal Power
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  7. Question 7

    Not an objective of 1956 Industrial Policy:

    1. Development of co-operative sector
    2. Expansion of public sector
    3. Develop heavy industries
    4. None of the above
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  8. Question 8

    Maximum workers employed in:
    1. Textile industry
    2. Automobile industry
    3. Iron and steel industry
    4. Tea industry
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  9. Question 9

    Incorrect statement about SEZs:

    1. No license for import
    2. No permission for subcontracting
    3. Manufacturing/services allowed
    4. No routine customs examination
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  10. Question 10

    Core sector includes:
    1. Coal and Power only
    2. Coal, Power, Petroleum
    3. Coal and Soaps only
    4. Power and Petroleum only
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  11. Question 11

    When was the First Industrial Policy resolution taken?
    1. 1956
    2. 1947
    3. 1948
    4. 1951
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  12. Question 12

    MSMEs Development Act, 2006 defines Medium Service Sector:

    1. Above Rs.2 crore to Rs.5 crore
    2. Above Rs.5 crore to Rs.10 crore
    3. Upto Rs.25 lakh
    4. Above Rs.10 lakh to Rs.2 crore
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  13. Question 13

    Find the odd one in the list of Navaratnas [2020]:
    1. Bharat Electronics Limited (BEL)
    2. Rashtriya Ispat Nigam Limited (RINL)
    3. National Thermal Power Corporation (NTPC)
    4. Hindustan Aeronautics Limited (HAL)
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  14. Question 14

    Industrial sickness due to managerial incompetence and wrong policies pursued deliberately for want of genuine stake is known as:
    1. Genuine sickness
    2. Incipient sickness
    3. Induced sickness
    4. None of the above
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  15. Question 15

    An investment plan in which the Company pays return to investors from new capital coming in from new investors instead of profits of the business is known as:
    1. Underwriting
    2. Ponzi scheme
    3. Mutual fund
    4. Para Banking
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  16. Question 16

    Which among the following states has the highest number of Export Oriented Units in India? [2018]:
    1. Tamil Nadu
    2. Maharashtra
    3. Karnataka
    4. Andhra Pradesh
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  17. Question 17

    India’s first operational Special Economic Zone (SEZ) is located at:
    1. Ahmedabad
    2. Surat
    3. Kandla
    4. Indore
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  18. Question 18

    Black Revolution is related to:

    1. Fish production
    2. Coal production
    3. Crude oil production
    4. Mustard production
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  19. Question 19

    Main argument in favour of small-scale and cottage industries in India is that:
    1. Cost of production is low.
    2. They require small capital investment.
    3. They advance the goal of equitable distribution of wealth.
    4. They generate large volume of employment.
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  20. Question 20

    Which Industrial Policy Resolution/Statement was based on the Mahalanobis Model of growth?
    1. Industrial Policy Resolution-1956
    2. Industrial Policy Statement-1973
    3. Industrial Policy Statement-1977
    4. None of the above
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