MCQOPTIONS
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MCQOPTIONS
This section includes 209 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
The base of Consumer Price Index for Industrial Workers is being shifted from 1982 to --- |
| A. | 1995 |
| B. | 1998 |
| C. | 2000 |
| D. | 2001 |
| Answer» E. | |
| 52. |
When was the first modern paper mill of the country set up? |
| A. | 1827 |
| B. | 1832 |
| C. | 1846 |
| D. | 1854 |
| Answer» C. 1846 | |
| 53. |
Who among the following announced the industrial policy of 1956? |
| A. | J B Kriplani |
| B. | Balwant Rai Mehta |
| C. | Sardar Patel |
| D. | Jawaharlal Nehru |
| Answer» E. | |
| 54. |
CAPART is related with ---- |
| A. | Assisting and evaluating rural welfare programmes |
| B. | omputer hardware |
| C. | onsultant service of export promotion |
| D. | ontrolling pollution in big industries |
| Answer» B. omputer hardware | |
| 55. |
urgapur steel plant was set up in assistance of |
| A. | UK |
| B. | USA |
| C. | rance |
| D. | Germany |
| Answer» B. USA | |
| 56. |
Which unit of the Hindustan Copper Lt(d) is the first copper smelting unit in India? |
| A. | Malanjkhand Copper Project (MP) |
| B. | Khetri Copper Complex (Rajasthan) |
| C. | Indian Copper Complex (Jharkhand) |
| D. | Tajola Copper Project (Maharashtra) |
| Answer» B. Khetri Copper Complex (Rajasthan) | |
| 57. |
When was the 'Policy Package for Setting up Credit to Small and Medium Enterprises' announced? |
| A. | August 2005 |
| B. | February 2007 |
| C. | March 2009 |
| D. | November 2010 |
| Answer» B. February 2007 | |
| 58. |
When was the "Package for Promotion of Micro and Small Enterprises" announced? |
| A. | August 2005 |
| B. | February 2007 |
| C. | March 2009 |
| D. | November 2010 |
| Answer» C. March 2009 | |
| 59. |
GCIL -- an American company of chemical sector has been acquired by--- |
| A. | Reliance group |
| B. | Shriram group |
| C. | Birla group |
| D. | Tata group |
| Answer» E. | |
| 60. |
Kuwait's biggest Mobile Telecommunication Company known as Zain has been bought by --- |
| A. | Bharti Airtel |
| B. | Reliance Communication |
| C. | Vodafone |
| D. | Aircel |
| Answer» B. Reliance Communication | |
| 61. |
OTCEI is -- |
| A. | Atomic Submarine of Chine |
| B. | Economic Policy of USA |
| C. | An Indian Share Market |
| D. | A defense research organisation |
| Answer» D. A defense research organisation | |
| 62. |
RBI's first census of India's foreign Assets & Liability as on 30 June 1948 revealed total foreign business investments of 302 cr. out of it what was the % of British investments in India? |
| A. | 51% |
| B. | 60% |
| C. | 72% |
| D. | 91% |
| Answer» D. 91% | |
| 63. |
Which is the most important company in machine tools? |
| A. | HMT Machine Tools |
| B. | PMT Machine Tools |
| C. | Guindy Machine Tools |
| D. | Praga Tools |
| Answer» B. PMT Machine Tools | |
| 64. |
Which of the following is/are cause(s) of slow growth of private enterprises in India's industrialization (1850-1957)? |
| A. | Unimaginative private enterprise, short-sighted Indian industrialists. |
| B. | complete absence of financial institutions to help transfer of savings to industrial investment. |
| C. | Banking was not highly developed & was more concerned with commerce rather than industry. |
| D. | All of these. |
| Answer» E. | |
| 65. |
The largest source of revenue for Britishers in India was from ________? |
| A. | Textile and Jute Industry |
| B. | Gems and Stone Industry |
| C. | Temple Tax |
| D. | Land revenue |
| Answer» E. | |
| 66. |
Which one of the following is a raw material oriented industry? |
| A. | Sugar industry |
| B. | Ship Industry |
| C. | Petroleum industry |
| D. | Light engineering industry |
| Answer» D. Light engineering industry | |
| 67. |
The apex organisation of industrial finance in India is -- |
| A. | IDBI |
| B. | RBI |
| C. | ICICI |
| D. | IFCI |
| Answer» B. RBI | |
| 68. |
Why is there a need to always import cotton? |
| A. | Obsolete machinery |
| B. | Increasing damand |
| C. | Shortage in the home market |
| D. | Poor quality in the domestic market |
| Answer» B. Increasing damand | |
| 69. |
Novelis has been acquired and merged with--- |
| A. | Tata Steels |
| B. | SAIL |
| C. | HINDALCO |
| D. | Jindal Steels |
| Answer» D. Jindal Steels | |
| 70. |
The base year of present Consumer Price Index (CPI) for Urban Non-Manual Employees (CPI-UNME) IS ---- |
| A. | 1980-81 |
| B. | 1981-82 |
| C. | 1983-84 |
| D. | 1984-85 |
| Answer» E. | |
| 71. |
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) |
| Answer» C. Hyderabad | |
| 72. |
Token privatisation of 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 |
| Answer» B. 10% of shares | |
| 73. |
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 |
| Answer» C. Increase in investment | |
| 74. |
Which is the biggest enterprise of the Government of India? |
| A. | Postal and Telegraph |
| B. | Railway |
| C. | Banking |
| D. | Shipping |
| Answer» C. Banking | |
| 75. |
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 |
| Answer» E. | |
| 76. |
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 |
| Answer» E. | |
| 77. |
Consider the following statements1. The first modern steel producing unit was established at Kulti (W. Bengal) in 1874.2. Bhilai steel plant was established during second Five Year Plan.3. Rourkela steel was established with the collabortation of the West Germany.4. Bokaro steel plant was established during the Third Five Year PlanWhich of the statements are correct? |
| A. | 1, 2, and 3 |
| B. | 2, 3, and 4 |
| C. | 1, 3, and4 |
| D. | 1, 2, 3, and 4 |
| Answer» E. | |
| 78. |
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 |
| Answer» C. Basic and Consumer | |
| 79. |
Correlate the following Industry FieldF. Basic industries 1. FertilizerG. Strategic industries 2. PetroleumH. Critical industires 3. AutomobileJ. Goods-based industries 4. Arms and AmmunitionCode F G H JA. 4 2 3 1B. 4 1 2 3C. 1 4 2 3D. 2 4 3 1 |
| A. | A. |
| B. | B. |
| C. | C. |
| D. | D. |
| Answer» E. | |
| 80. |
Match List-I (Aluminium Company) with List-II (Location) and select the correct answer by using code given below the lists List-IList-IIF.BALCO1.HirakudG. HINDALCO2.KorbaH. Indian Aluminium Company3.KoraputJ.NALCO4.RenukoatCodeFGHJA.3142B.2413C.3412D.2143 |
| A. | A. |
| B. | B. |
| C. | C. |
| D. | D. |
| Answer» C. C. | |
| 81. |
Project 'GAGAN' has been designed to |
| A. | Provide a dependable aerial defence system |
| B. | ensure a more reliable meteorological forecast system |
| C. | meet the precision approach requirements of the civil Auiation sector |
| D. | track the migratory birds and study their pattern of migration |
| Answer» D. track the migratory birds and study their pattern of migration | |
| 82. |
Which one of the following Pairs is NOT properly matched? IndustryIndustrialistsA.Reliance-Mukesh AmbaniB.Wipro-R. KrishnamurthyC.Airtel-Bharati MittalD.Nano Car-Ratan Tata |
| A. | A |
| B. | B |
| C. | C |
| D. | D |
| Answer» C. C | |
| 83. |
Consider the following factors regarding an industry1. Capital investment2. Business turnover3. Labour force4. Power consumptionWhich 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 |
| Answer» B. 1, 2 and 4 | |
| 84. |
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 competition |
| C. | cost control competitionn |
| D. | None of the above |
| Answer» B. production flow competition | |
| 85. |
Which of the following paiss are correctly matched? Enterprises Industrial Group1. VSNL - Bharati Group2. Mundra SEZ -Adani Group3. CMD Ltd -Tata Group4. IPCL - Reliance GroupSelect 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 |
| Answer» E. | |
| 86. |
Which one of the following committees recommended the abolition of reservation of items for small scale sector in industry? |
| A. | Abid Hussain Committee |
| B. | Narasimhan Committee |
| C. | Nayak Committee |
| D. | Rakesh Mohan Committee |
| Answer» B. Narasimhan Committee | |
| 87. |
Since when disinvestment started in public enterprises? |
| A. | 1990-91 |
| B. | 1991-92 |
| C. | 1992-93 |
| D. | 1993-94 |
| Answer» C. 1992-93 | |
| 88. |
Which entity holds the Number 1 position among Indian international trading company? |
| A. | MMTC |
| B. | State Trading Company |
| C. | TATA |
| D. | Reliance Industries |
| Answer» B. State Trading Company | |
| 89. |
Who amongst the following is NOT an auto company? |
| A. | Hyundai |
| B. | General Motors |
| C. | Maruti |
| D. | Tripex |
| Answer» E. | |
| 90. |
Omkar Goswami Committee was set up by the Government for examining the issue of |
| A. | Industrial relations |
| B. | Industrial sickness |
| C. | Growth of small scale industries |
| D. | Reforms in the Banking Sector |
| Answer» C. Growth of small scale industries | |
| 91. |
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. | Tate Motors Ltd. |
| Answer» E. | |
| 92. |
Encouraging more multinational companies in India is to promote the policy of |
| A. | Globalisation |
| B. | Liberalisation |
| C. | Privatisation |
| D. | All of these |
| Answer» E. | |
| 93. |
In India, liberal Industrial Policy was adopted in the year |
| A. | 1948 |
| B. | 1956 |
| C. | 1985 |
| D. | 1991 |
| Answer» E. | |
| 94. |
Bhilai Steel Plant is the collaborative project of Indian Government and .......... |
| A. | Soviet Union |
| B. | Britain |
| C. | Germany |
| D. | Poland |
| Answer» B. Britain | |
| 95. |
Consider the following statements which are correct?A. National Thermal power corporation has diversified into hudro power sector.B. Power Grid corporation of India has diversified in telecom sector |
| A. | A only |
| B. | B only |
| C. | Neither A nor B |
| D. | Both A and B |
| Answer» E. | |
| 96. |
Consider the following statements1. The expansion of public sector was based on Industrial Policy Resolution, 19562. Government has announced New Industrial Policy in July, 19913. 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 |
| Answer» D. All are correct | |
| 97. |
Identify one area which has not been listed as a National Thrust Area by Investment Commission for enchancing growth |
| A. | Pharmaceuticals |
| B. | Tourism |
| C. | Textiles |
| D. | Agro Product |
| Answer» B. Tourism | |
| 98. |
Raurkela Steel Plant was set up with the assistance from |
| A. | USSR |
| B. | UK |
| C. | USA |
| D. | West Germany |
| Answer» E. | |
| 99. |
Which of the following is NOT a Public Sector Unit/Undertaking Agency? |
| A. | ECGC |
| B. | SEBI |
| C. | SIDBI |
| D. | Axis Bank |
| Answer» E. | |
| 100. |
First Industrial Policy of free India was announced in the year |
| A. | 1947 |
| B. | 1948 |
| C. | 1951 |
| D. | 1956 |
| Answer» C. 1951 | |