Tag: the nature of the indian economy part 2

Quizzes (8) Questions (90)

Questions Related to the nature of the indian economy part 2

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Industrial resolution policy (1956) enlarged the scope of ______ participation in India.

  1. private sector

  2. joint sector

  3. public sector

  4. foreign funds
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Industrial Policy Resolution of 1956 emphasized the state's role in industrial development, significantly expanding the scope and dominance of the public sector in the Indian economy.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

As per new Industrial Policy how many industries are reserved for public sector only?

  1. 5

  2. 8

  3. 4

  4. 6
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The 1991 Industrial Policy significantly reduced the number of industries reserved exclusively for the public sector to eight, down from the previous much larger list.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

 _______ industry is traditionally called child of protection.

  1. Sugar

  2. Fertilizers

  3. Edible oil

  4. Hardware
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The sugar industry in India is historically referred to as the child of protection because it grew under the shelter of protective tariffs and government support.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

As per new Industrial Policy how many industries are required to obtain compulsory Industrial license?

  1. 5

  2. 2

  3. 4

  4. 6
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The 1991 policy drastically reduced the number of industries requiring compulsory licensing to 18 initially, which was later reduced further to 6.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

First Industrial policy of 1956 was announced by _________.

  1. Pt. Jawahar Lal Nehru

  2. Dr. Lalit Narain Mishra

  3. Atal Bihari Vajpayee

  4. Dr. Vijay Kelkar
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Industrial Policy Resolution of 1956 was a landmark policy statement presented by Prime Minister Jawaharlal Nehru to the Parliament.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Industry sector accounts for  ____ of commercial consumption of energy in India.

  1. 40%

  2. 50%

  3. 65%

  4. 25
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The industrial sector is a major consumer of commercial energy in India, accounting for approximately 50% of the total consumption.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Among traditional village industries  ________ possess the highest labor productivity.

  1. cotton mills

  2. handicrafts

  3. khadi industry

  4. glass and ceramics
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Handicrafts are often cited in economic literature as having higher labor productivity compared to other traditional village industries like khadi, due to the specialized skill set involved.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

As per new Industrial Policy how many industries are reserved/for small scale sector?

  1. 326

  2. 306

  3. 369

  4. 410
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

At the time of the policy implementation, there were 326 items reserved for exclusive manufacture in the small-scale sector.