Tag: the economy of maharashtra

Quizzes (4) Questions (67)

Questions Related to the economy of maharashtra

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

What is the full form of MSICDP?

  1. Maharashtra State Invention Cluster Development Programme

  2. Maharashtra State Industrial Cluster Development Programme

  3. Maharashtra State Inventory Cluster Development Programme

  4. Maharashtra State Information Cluster Development Programme
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

MSICDP stands for Maharashtra State Industrial Cluster Development Programme. It ie being implemented all over the state to develop small, medium and micro enterprises.

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

Which of the following is/are general problem/s in the industrial sector?

  1. Delays in government procedure.

  2. Lack of opportunities for skill development

  3. Lack of updated technology

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

General problems  in the industrial sector are-

1) Delays in government procedure- Delay in formation and changing regulations have always haunted manufacturers.complying with new standards isn’t an easy task for manufacturers. More often than not, they’re a burden and thanks to globalization, manufacturers are also forced to deal with regulations that are unique to each territory.
2) Lack of opportunities for skill development- As one generation exits the workforce, it makes way for a new generation of workers. This transition is, in itself, quite a challenge. Manufacturers face the challenge of filling up those positions with equally skilled members from the current generation. However, the new generation of employees is simply not skilled enough, making the challenge even harder to over come. As a result, manufacturers have to develop strategies such as working with the education sector to offer the skills training necessary to fill these positions.
3) Lack of updated technology- As technology evolves, the rate of innovation increases. But, this also means companies have to rush and that can lead to all kinds of temptations. The urge to skip a step or avoid certain tests can be hard to resist when the goal is to market the product as soon as possible.So, innovation management becomes a must in these situations. Preferences change by the day and any delay in delivering appropriate solutions can mean the end of everything.

So, manufacturers have to establish a system that allows for the consistent delivery of new ideas and innovation.  Only this can sustain manufacturing success.

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

Which sector has the potential to absorb excess labour from the farming sector in Maharashtra?

  1. Pharmaceutical Sector

  2. Industrial Sector

  3. Defence Sector

  4. Service Sector
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Maharashtra is an industrially advanced state. Industrial sector plays major role in the economic development of Maharashtra. It leads to diversification of markets, generates higher incomes and higher productivity.

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

What was the inflow of FDI in Maharashtra since, April 2000 to September 2017?

  1. 111760 Crore

  2. 311760 Crore

  3. 411760 Crore

  4. 611760 Crore
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Maharashtra has been consistently ranked as the number one investment destination in India. The state has remained in the forefront in terms of FDI inflows in the country. The FDI inflows in Maharashtra since April,2000 till September 2017 was 611760 Crore.

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

What measures have been taken by the Maharashtra Government for Industrial Development?

  1. Single Window cell was initiated to provide all clearances to the existing and prospective investors.

  2. Awards for export performance, space rent subsidies are provided to small scale industries to encourage participation in international exhibitions.

  3. Creation of Special Economic Zone (SEZ) to boost Industrial growth

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Following measures have been taken by the Maharashtra Government for Industrial Development: 

Single Window cell was initiated to provide all clearances to the existing and prospective investors.
Awards for export performance, space rent subsidies are provided to small scale industries to encourage participation in international exhibitions.
Creation of Special Economic Zone (SEZ) to boost Industrial growth.

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

From 2000 to 2017 Maharashtra received the 50 % of total FDI inflow at all India level.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Maharashtra has been consistently ranked as the number one investment destination in India. The state has remained in the forefront in terms of FDI inflows in the country. The FDI inflows in Maharashtra since April,2000 till September 2017 was 611760 Crore which is 31 % of the total FDI inflow at all India Level.

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

What is the full form of MAITRI?

  1. Maharashtra Industry, Trade and Investment Facilitation Cell

  2. Maharashtra Infrastructure, Trade and Innovation Facilitation Cell

  3. Maharashtra International, Trade and Innovation Facilitation Cell

  4. Maharashtra Industry, Transparency and Innovation Facilitation Cell
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

MAITRI stands for Maharashtra Industry, Trade and Investment Facilitation Cell. It was introduced to provide online consolidated information about the investment process.

Multiple choice economics development of maharashtra - industrial sector the economy of maharashtra economics

What is the share of Industrial Sector in Net Value Added (NVA) in Maharashtra?

  1. 10 %

  2. 18 %

  3. 28 %

  4. 38 %
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As per Annual Survey of Industries (ASI) 2016-17, the Industrial Sector of Maharashtra is at top position. The share of industry in the Net Value Added (NVA) is about 18%. Maharashtra has also been the first choice of domestic and foreign investors.