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UPSC > Indian Industries

Explore popular questions from Indian Industries for UPSC. This collection covers Indian Industries previous year UPSC questions hand picked by experienced teachers.

Q 1.

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Level playing field argument of industries requires

A

MNCs to be stopped from investing in India.

B

licence for MNCs to be given only in environmentfriendly technology.

C

domestic industry to be given preference.

domestic industry to be treated on par with MNCs.

Q 2.

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With reference to India, which one of the following statements is NOT correct?

IPCL is India's largest petrochemical company

B

RIL is the largest private sector company in India

C

MTNL is listed on NYSE

D

BSNL is the first telecom service organization in lndia to launch a nationwide cellular service at one time

Explanation

ONGC is India's largest petrochemical company. IPCL is the second largest petrochemical company.

Q 3.

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Which one of the following statements is not correct?

Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration.

B

Salem Steel Plant is a premier producer of stainless steel in India.

C

Maharashtra Elektrosmelt Ltd. is a subsidiary of the Steel Authority of India Ltd.

D

Visakhapatnam Steel Plant is a unit of the Rashtriya Ispat Nigam Ltd.

Explanation

Rourkela Steel Plant (RSP) is the first integrated steel plant in the public sector in India. It was set up with German collaboration with an installed capacity of 1 million tonnes.

Q 4.

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Explain "joint sector' in India?

A

Where the government has more than 50% share

B

Product produced together by the public and private sectors is called the joint sector

It is an enterprise owned jointly by both the sectors

D

It is an enterprise owned jointly by an Indian and a foreign enterprise

Q 5.

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Which of the following is related to the EPCG Scheme of Central Government ?

A

Foreign Investment

Foreign Trade

C

Communication

D

Banking

Explanation

The Export Promotion Capital Goods (EPCG) scheme was one of the several export-promotion initiatives launched by the government in the early 90s. The basic purpose of the scheme was to allow exporters to import machinery and equipment at affordable prices so that they can produce quality products for the export market.

Q 6.

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Which of the following commissions / companies of Indian Origin signed a pact for obtaining oil-blocks in Libya?

A

Reliance petroleum

Oil India Ltd.

C

ONGC

D

BPCL

Explanation

Oil sector majors. ONGC Videsh (OVL) and the Oil India-IndianOil (OIL-IOC) combine have bagged an oil block each in Libya. This will enhance exploration possibilities for the Indian companies in northern Africa.

Q 7.

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NASSCOM is the organisation of companies of which sector?

A

Media

B

Mobile phone service

Information technology

D

Automobiles

Explanation

NASSCOM is the organisation of companies of Information Technology.

Q 8.

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Over how many years periodic review of the Miniratna & Navratna status of public enterprises on the basis of their performance?

A

every year

B

2 years

3 years

D

4 years

Q 9.

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Which of the following funds was established in India in 1992 to provide assistance to cover the costs of retraining and redeployment of employees arising as a result of modernization, technology up gradation and industrial restructuring?

National Renewal Fund

B

National Insurance Fund

C

National Social Security Fund

D

National Up-gradation Fund

Q 10.

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Which among the following is the apex organization of Industrial Finance in India?

IDBI

B

ICICI

C

IFCI

D

RIDF

Q 11.

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Who among the following leaders announced the Industrial Policy of 1956?

A

Sardar Patel

Jawaharlal Nehru

C

Balwant Rai mehta

D

J B Kriplani

Q 12.

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Which among the following is the correct full form of SIDO?

A

Small Industries Development Organization

B

Sick Industries Development Organization

C

Small Industries Development Office

State Industrial Development Organization

Q 13.

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Which among the following is the most important bulk import of India?

A

Nonelectrical machinery

B

Electric Goods

Petroleum

D

Food Grains

Q 14.

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In which among the following years, a new " Liberalized Industrial Policy " in India was announced for the first time?

A

1986

1991

C

1992

D

1993

Q 15.

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In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers.
Which among the following is the most suitable terms used for this concept?

A

Supracompetitive pricing

B

Swing Demand

Kinked Demand

D

Imperfect

Q 16.

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Which among the following was the first deepwater block in India to start production?

Krishna Godavari D-6

B

Mahanadi deepwater block NECDWN-2002/1

C

SB-11

D

KG-DWN- 2005/2

Q 17.

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Who among the following heads the Genetic Engineering Approvals Committee (GF.AC) in India?

A

Minister of Environment & Forests

B

Minister of Science and Technology

C

Minister of Agriculture

None of them

Q 18.

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Bring out the incorrect statement regarding India's textile sector:

A

India's textile and clothing sector currently employs 35 million people

B

After agriculture it is second largest provider of employment

Textile sector has a tendency to shrink as the GDP and Economy grows

D

Textile sector is a major absorber of low-skilled labor

Q 19.

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Which one of the following is the objective of National Renewal Fund?

To safeguard the interest of workers who may be affected by technology upgradation of industry or closer of sick units.

B

To develop a core sector of economy.

C

For the development of the infrastructure such as energy, transport, communication and irrigation.

D

For human resources development such as full literacy, employment, population control, housing and drinking water.

Q 20.

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An increase in the Bank Rate generally indicates that the

A

market rate of interest is likely to fall

B

Central Bank is no longer making loans to commercial banks

C

Central Bank is following an easy money policy

Central Bank is following a light money policy

Explanation

A tight monetary policy is a course of action undertaken by Central bank to constrict spending in an economy, or to curb inflation when it is rising too fast. The increased bank rate increases the cost of borrowing and effectively reduces its attractiveness.

Q 21.

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The sales tax you pay while purchasing a toothpaste is a

A

tax imposed by the Central Government

B

tax imposed by the Central Government but collected by the State Government

C

tax imposed by the State Government but collected by the Central Government

tax imposed and collected by the State Government

Explanation

Taxes on tooth paste come under GST which is administered by State government.Sales tax is paid to sales tax authority in the state from where the goods are moved.

Q 22.

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Recently, India's first National Investment and Manufacturing Zone was proposed to be set up in

Andhra Pradesh

B

Gujarat

C

Maharashtra

D

Uttar Pradesh

Explanation

In order to boost 'Make in India' campaign, first national investment and manufacturing zone to come up in Andhra Pradesh. The state assured the Centre of availability of 10 sq km of land in one place in Prakasham district.

Q 23.

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1. Consider the following statements: Small-scale industries arc in most cases, not as efficient and competitive as the large-scale ones. Yet the government provides preferential treatment and reservations in a range of products to the small firms because small-scale industries.
1. provide higher employment on a per unit capital development basis.
2. promote a regional dispersion of industries and economic activities.
3. have performed better in export on manufactured products than the large scale ones.
4. provide jobs to low-skill workers, who otherwise may not find employment revenues elsewhere.
Which of the above statements are correct?

A

1 and 4

B

1 and 2

C

2 and 3

3 and 4

Q 24.

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With reference to the National Investment Fund to which the disinvestment proceeds arc routed, consider the following statements?
1. The assets in the National Investment Fund arc managed by the Union Ministry of Finance.
2. The National investment Fund is to he maintained within the Consolidated Fund of India.
3. Certain Asset Management companies arc appointed as the fund managers.
4. A certain proportion of annual income is used for financing select social sectors.
Which of the statements given above is/are correct ?

A

1and 2

B

2 only

3 and 4

D

3 only

Explanation

On 27 January 2005. the Government had decided to constitute a National Investment Fund (NIF) into which realization from sale of minority shareholding of the Government in CPSEs would be channelised. This fund is managed by professionals and a part of it is used for use in social sector - like education, health care and employment.

Q 25.

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Despite having large reserves of coal, why does India import millions of tonnes of coal?
1. It is the policy of India to save its own coal reserves for future, and import it from other countries for the present use.
2. Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.
3. Steel companies need large quantity of coking coal which has to be imported.
Which of the statements given above is/are correct?

A

1 only

2 and 3

C

1 and 3

D

1,2 and 3