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- Question 1 of 20
1. Question
HINDALCO, an aluminium factory located at Renukut owes its site basically to: [2002]
CorrectHINDALCO, an aluminium factory located at Renukut due to abundant supply of power from National Thermal Power Station, Rihand and a capative power plant at Renu Sagar. It has a cogeneration unit at the plant itself.
IncorrectHINDALCO, an aluminium factory located at Renukut due to abundant supply of power from National Thermal Power Station, Rihand and a capative power plant at Renu Sagar. It has a cogeneration unit at the plant itself.
UnattemptedHINDALCO, an aluminium factory located at Renukut due to abundant supply of power from National Thermal Power Station, Rihand and a capative power plant at Renu Sagar. It has a cogeneration unit at the plant itself.
- Question 2 of 20
2. Question
Which one of the following committees recommended the abolition of reservation of items for the small scale sector in industry? [2003]
CorrectAbid Hussain Committee (1997) recommended total de-reservation and desired replacing policy of reservation with a policy of promotion and strengthening of small scale units.
IncorrectAbid Hussain Committee (1997) recommended total de-reservation and desired replacing policy of reservation with a policy of promotion and strengthening of small scale units.
UnattemptedAbid Hussain Committee (1997) recommended total de-reservation and desired replacing policy of reservation with a policy of promotion and strengthening of small scale units.
- Question 3 of 20
3. Question
With reference to India, which one of the following statements is NOT correct? [2003]
CorrectONGC is India’s largest petrochemical company. IPCL is the second largest petrochemical company. It produces around 69% of India’s crude oil and around 62% of its natural gas.
IncorrectONGC is India’s largest petrochemical company. IPCL is the second largest petrochemical company. It produces around 69% of India’s crude oil and around 62% of its natural gas.
UnattemptedONGC is India’s largest petrochemical company. IPCL is the second largest petrochemical company. It produces around 69% of India’s crude oil and around 62% of its natural gas.
- Question 4 of 20
4. Question
During the year 2000-01 which one of the following Industries recorded the highest growth rate in India? [2003]
CorrectThe steel industry recorded highest growth rate of 7%, electricity, generation growth rate was 4%, coal industry growth was 3.3%.
IncorrectThe steel industry recorded highest growth rate of 7%, electricity, generation growth rate was 4%, coal industry growth was 3.3%.
UnattemptedThe steel industry recorded highest growth rate of 7%, electricity, generation growth rate was 4%, coal industry growth was 3.3%.
- Question 5 of 20
5. Question
Which one of the following statements is correct? [2003]
CorrectAlliance Air was formed in 1996 and was complelety owned by Indian Airline.
IncorrectAlliance Air was formed in 1996 and was complelety owned by Indian Airline.
UnattemptedAlliance Air was formed in 1996 and was complelety owned by Indian Airline.
- Question 6 of 20
6. Question
Assertion (A) : India does not export natural rubber.
Reason (R) : About 97% of India’s demand for natural rubber is met from domestic production. [2004]CorrectIndia is the fourth largest country, regarding consumption of rubber with total consumption 631000 tons in 2001, after USA and Japan. Due to high consumption in domestic market India does not export natural rubber. However small quantities of natural rubber is exported to get higher prices.
IncorrectIndia is the fourth largest country, regarding consumption of rubber with total consumption 631000 tons in 2001, after USA and Japan. Due to high consumption in domestic market India does not export natural rubber. However small quantities of natural rubber is exported to get higher prices.
UnattemptedIndia is the fourth largest country, regarding consumption of rubber with total consumption 631000 tons in 2001, after USA and Japan. Due to high consumption in domestic market India does not export natural rubber. However small quantities of natural rubber is exported to get higher prices.
- Question 7 of 20
7. Question
Assertion (A) : Balance of Payments represents a better Picture of a country economic transactions with the rest of the world than the Balance of Trade
Reason (R) : Balance of Payments takes into account the exchange of both visible and invisible items whereas balance of Trade does not. [2006]CorrectBalance of payments of a nation consists of visible account, invisible account and capital account. Whereas balance of trade = Export of goods – import of goods. If a country imports are more than exports the deficit can be made up by invisibles like remmitance by NRI and FDI investment.
IncorrectBalance of payments of a nation consists of visible account, invisible account and capital account. Whereas balance of trade = Export of goods – import of goods. If a country imports are more than exports the deficit can be made up by invisibles like remmitance by NRI and FDI investment.
UnattemptedBalance of payments of a nation consists of visible account, invisible account and capital account. Whereas balance of trade = Export of goods – import of goods. If a country imports are more than exports the deficit can be made up by invisibles like remmitance by NRI and FDI investment.
- Question 8 of 20
8. Question
Which one of the following statements is not correct? [2005]
CorrectRourkela Steel Plant (RSP) is the first intergrated steel plant in the public sector in India. It was set up with German collaboration with an installed capacity of 1 million tonnes.
IncorrectRourkela Steel Plant (RSP) is the first intergrated steel plant in the public sector in India. It was set up with German collaboration with an installed capacity of 1 million tonnes.
UnattemptedRourkela Steel Plant (RSP) is the first intergrated steel plant in the public sector in India. It was set up with German collaboration with an installed capacity of 1 million tonnes.
- Question 9 of 20
9. Question
Consider the following statements: [2009]
1. MMTC Limited is India’s largest international trading organization.
2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa.
Which of the statements given above is/are correct?CorrectNeelachal Ispat Nigam Limited (NINL), a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL) and other government agencies has set up an 1.1 million ton Integrated Iron and steel plant at Kalinganagar, Duburi, Orissa.
IncorrectNeelachal Ispat Nigam Limited (NINL), a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL) and other government agencies has set up an 1.1 million ton Integrated Iron and steel plant at Kalinganagar, Duburi, Orissa.
UnattemptedNeelachal Ispat Nigam Limited (NINL), a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL) and other government agencies has set up an 1.1 million ton Integrated Iron and steel plant at Kalinganagar, Duburi, Orissa.
- Question 10 of 20
10. Question
Which one of the following sets of commodities are exported to India by arid and semi-arid countries in the Middle East? [2009]
CorrectFruits and palm oil are exported to India by arid and semi arid countries of middle east.
IncorrectFruits and palm oil are exported to India by arid and semi arid countries of middle east.
UnattemptedFruits and palm oil are exported to India by arid and semi arid countries of middle east.
- Question 11 of 20
11. Question
Which one of the following is not a feature of Limited Liability Partnership firm? [2010]
CorrectA limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability.
LLP shall be a body corporate and a legal entity separate from its partners. It will have perpetual succession. Indian Partnership Act, 1932 shall not be applicable to LLPs and there shall not be any upper limit on number of partners in an LLP unlike an ordinary partnership firm where the maximum number of partners can not exceed 20, LLP Act makes a mandatory statement where one of the partner to the LLP should be an Indian.IncorrectA limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability.
LLP shall be a body corporate and a legal entity separate from its partners. It will have perpetual succession. Indian Partnership Act, 1932 shall not be applicable to LLPs and there shall not be any upper limit on number of partners in an LLP unlike an ordinary partnership firm where the maximum number of partners can not exceed 20, LLP Act makes a mandatory statement where one of the partner to the LLP should be an Indian.UnattemptedA limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability.
LLP shall be a body corporate and a legal entity separate from its partners. It will have perpetual succession. Indian Partnership Act, 1932 shall not be applicable to LLPs and there shall not be any upper limit on number of partners in an LLP unlike an ordinary partnership firm where the maximum number of partners can not exceed 20, LLP Act makes a mandatory statement where one of the partner to the LLP should be an Indian. - Question 12 of 20
12. Question
In India, which of the following, is regulated by the Forward Markets Commission? [2010]
CorrectForward Markets Commission (FMC) is the chief regulator of forwards and futures markets in India. As of March 2009, it regulates Rs 52 Trillion worth of commodity trade in India. It is headquartered in Mumbai and is overseen by the Ministry of Consumer Affairs, Government of India. The commission allows commodity trading in 22 exchanges India of which 6 are national. It was established in 1953.
IncorrectForward Markets Commission (FMC) is the chief regulator of forwards and futures markets in India. As of March 2009, it regulates Rs 52 Trillion worth of commodity trade in India. It is headquartered in Mumbai and is overseen by the Ministry of Consumer Affairs, Government of India. The commission allows commodity trading in 22 exchanges India of which 6 are national. It was established in 1953.
UnattemptedForward Markets Commission (FMC) is the chief regulator of forwards and futures markets in India. As of March 2009, it regulates Rs 52 Trillion worth of commodity trade in India. It is headquartered in Mumbai and is overseen by the Ministry of Consumer Affairs, Government of India. The commission allows commodity trading in 22 exchanges India of which 6 are national. It was established in 1953.
- Question 13 of 20
13. Question
What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector? [2012]
1. Setting up of National Investment and Manufacturing Zones
2. Providing the benefit of ‘single window clearance’
3. Establishing the Technology Acquisition and Development Fund
Select the correct answer using the codes given below:CorrectAll the three initiative (s) mentioned in the question are the part of National Manufacturing Policy. The objective of the National Manufacturing policy is to boost the country’s share of industrial production, employment, development of world-class infrastructure and investments in India’s manufacturing space.
IncorrectAll the three initiative (s) mentioned in the question are the part of National Manufacturing Policy. The objective of the National Manufacturing policy is to boost the country’s share of industrial production, employment, development of world-class infrastructure and investments in India’s manufacturing space.
UnattemptedAll the three initiative (s) mentioned in the question are the part of National Manufacturing Policy. The objective of the National Manufacturing policy is to boost the country’s share of industrial production, employment, development of world-class infrastructure and investments in India’s manufacturing space.
- Question 14 of 20
14. Question
In India, in the overall Index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following are among those Eight Core Industries? [2012]
1. Cement
2. Fertilizers
3. Natural gas
4. Refinery products
5. Textiles
Select the correct answer using the codes given below:CorrectThe Eight core industries have a combined weight of 37.90 percent in the index of Industrial Production (IIP). They are as follows:
Coal, crude oil, Natural Gas, Petroleum Refinery Products, fertilizers, steel (Alloy + Non – Alloy), Cement and Electricity.IncorrectThe Eight core industries have a combined weight of 37.90 percent in the index of Industrial Production (IIP). They are as follows:
Coal, crude oil, Natural Gas, Petroleum Refinery Products, fertilizers, steel (Alloy + Non – Alloy), Cement and Electricity.UnattemptedThe Eight core industries have a combined weight of 37.90 percent in the index of Industrial Production (IIP). They are as follows:
Coal, crude oil, Natural Gas, Petroleum Refinery Products, fertilizers, steel (Alloy + Non – Alloy), Cement and Electricity. - Question 15 of 20
15. Question
Despite having large reserves of coal, why does India import millions of tonnes of coal? [2012]
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?Correct2nd and 3rd are correct statements.
Incorrect2nd and 3rd are correct statements.
Unattempted2nd and 3rd are correct statements.
- Question 16 of 20
16. Question
The balance of payments of a country is a systematic record of [2013]
CorrectThe Balance of Payments(BoPs) accounts are an accounting record of all monetary transactions between country and the rest of the world. These transactions include payment for the country’s exports and imports of goods, services, financial capitals and financial transfers. The balance of payments can show if a country has a deficit or surplus.
IncorrectThe Balance of Payments(BoPs) accounts are an accounting record of all monetary transactions between country and the rest of the world. These transactions include payment for the country’s exports and imports of goods, services, financial capitals and financial transfers. The balance of payments can show if a country has a deficit or surplus.
UnattemptedThe Balance of Payments(BoPs) accounts are an accounting record of all monetary transactions between country and the rest of the world. These transactions include payment for the country’s exports and imports of goods, services, financial capitals and financial transfers. The balance of payments can show if a country has a deficit or surplus.
- Question 17 of 20
17. Question
Which one among the following industries is the maximum consumer of water in India? [2013]
CorrectThermal power plants use water to turn into steam (heat energy) to generate electricity (electrical energy).
IncorrectThermal power plants use water to turn into steam (heat energy) to generate electricity (electrical energy).
UnattemptedThermal power plants use water to turn into steam (heat energy) to generate electricity (electrical energy).
- Question 18 of 20
18. Question
Disguised unemployment generally means [2013]
CorrectDisguised unemployment is a situation when people do not have productive full-time employment, but are not counted in the official unemployment statistics.
IncorrectDisguised unemployment is a situation when people do not have productive full-time employment, but are not counted in the official unemployment statistics.
UnattemptedDisguised unemployment is a situation when people do not have productive full-time employment, but are not counted in the official unemployment statistics.
- Question 19 of 20
19. Question
With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? [2014]
1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights
Select the correct answer using the code given below.CorrectThe current account consists of the balance of trade and balance of invisibles.
IncorrectThe current account consists of the balance of trade and balance of invisibles.
UnattemptedThe current account consists of the balance of trade and balance of invisibles.
- Question 20 of 20
20. Question
In India, the steel production industry requires the import of [2015]
CorrectThe coal found in India is mainly of non-coking quality and hence coking coal has to be imported. 70% of the steel produced today uses coal. Coking coal is a vital ingredient in the steel making process.
IncorrectThe coal found in India is mainly of non-coking quality and hence coking coal has to be imported. 70% of the steel produced today uses coal. Coking coal is a vital ingredient in the steel making process.
UnattemptedThe coal found in India is mainly of non-coking quality and hence coking coal has to be imported. 70% of the steel produced today uses coal. Coking coal is a vital ingredient in the steel making process.