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UPSC

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

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Indian Industries

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Q 1. What is a limited company?

In which shareholders possess the ownership limited to their paid up capital

B

In which shares are issued

C

A company of Government ownership

D

A Registered Company

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Q 2. 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.

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Q 3. The Eastern Dedicated Freight Corridor being built by Indian Railway will connect

A

Panipat and Allahabad

B

Rajkot and Bhubaneswar

C

Jawaharlal Nehru Port and Tuglakabad

Ludhiana and Sonnagar

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Q 4. British colonial authorities did not oppose the setting up of cotton mills in lndia by local capitalists during the 19th century because

A

the coast of producing mill cloth in India was higher

the first mills set up in India were spinning mills which competed with indigenous hard spinning

C

it was too expensive to transport textiles to U.K.

D

the quality of Indian mill-made cloth was inferior

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Q 5. It is argued that continuation of reservation for Small Scale Industries after import liberalisation is anachronistic because

A

such reservation does not exist outside India

Indian small scale manufacturers have to compete with large scale manufacturers from outside

C

Indian large scale producers cannot compete in outside markets

D

Indian SSI units are inherently inefficient

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Q 6. The Committee on Competition Policy and Law' (Raghavan Committee) has recommended the replacement of which of the following institutions?

A

Securities and Exchanges Board

B

Disinvestment Commission

Monopolies and Restrictive Trade Practices Commission

D

Company Law Board

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Q 7. 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.

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Q 8. 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.

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Q 9. Which sector has maximum weightage in the index of industrial production assigned?

A

Mining and quarrying

Manufacturing

C

Electricity

D

All equal

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Q 10. In India 'Report on Currency and Finance' is the annual publication of

A

SEBI

RBI

C

Finance Commission

D

Finance Ministry

Explanation

In India, 'Report on Currency and Finance' is the annual publication of Reserve Bank of India. The report highlights the evaluation or devaluation of rupee as a currency along with with it other aspects and projects the financial condition of the economy.

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Q 11. 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.

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Q 12. 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.

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Q 13. 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.

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Q 14. 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

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Q 15. Which among the following is the apex organization of Industrial Finance in India?

IDBI

B

ICICI

C

IFCI

D

RIDF

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Q 16. Who among the following leaders announced the Industrial Policy of 1956?

A

Sardar Patel

Jawaharlal Nehru

C

Balwant Rai mehta

D

J B Kriplani

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Q 17. Which among the following is the correct full form of SIDO?

Small Industries Development Organization

B

Sick Industries Development Organization

C

Small Industries Development Office

D

State Industrial Development Organization

Explanation

Small Industries Development Organization (SIDO) is the national organisation. Small and Medium Enterprises (SME) Development Agency for formulating policy for the development of Small Scale Industries in India.

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Q 18. Which among the following is the most important bulk import of India?

A

Nonelectrical machinery

B

Electric Goods

Petroleum

D

Food Grains

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Q 19. 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

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Q 20. Tourism industries India is quite a small compared to many other countries in term of India potentials and size. Which one of the following statement is correct in this regard?

A

Distances in India are too far apart and its luxury hotels are too expensive for western tourists

B

For most of the months lndia is tew hot for western tourist to feel comfortable

C

Most of the picturesque resort in lndia such as in North- East and Kashmir are, for all practical purposes, out of hounds

In India the infrastructure required for attracting tourists is inadequate

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Q 21. What docs PKI stands for?

A

Private Key Infrastructure

B

Primary Key Infrastructure

Public Key Infrastructure

D

Public Key Institute

Explanation

PKI stands for Public Key Infrastructure. The Reserve Bank of lndia released a draft report on making payment system effective to secure a safe, secure, efficient, robust and sound payment system in the country.

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Q 22. Disguised unemployment generally means

A

large number of people remain unemployed

B

alternative employment is not available

marginal productivity of labour is zero

D

productivity of workers is low

Explanation

Disguised unemployment is a situation when people do not have productive full-time employment, but are not counted in the official unemployment statistics.

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Q 23. 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.

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Q 24. The term "Base Erosion and Profit Shifting" is sometimes seen in the news in the context of

A

mining operation by multinational companies in resource-rich but backward areas

curbing of the tax evasion by multinational companies

C

exploitation of genetic resources of a country by multinational companies

D

lack of consideration of environmental costs in the planning and implementation of developmental projects

Explanation

(i) Base Erosion and Profit Shifting (BEPS) is a tax avoidance strategy used by multinational companies, wherein profits are shifted from jurisdictions that have high taxes (such as the United States and many Western European countries) to jurisdictions that have low (or no) taxes (so-called tax havens). The BEPS project is said to be an attempt by the world's major economies to try to rewrite the rules on corporate taxation to address the widespread perception that the [corporationsj don't pay their fair share of taxes. (ii) BEPS aims to curb the tax evasion by MNCs. hence B is the answer.

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Q 25. 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.