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

Since 1951, the number of small scale industries have witnessed _______.

  1. mammoth growth

  2. moderate growth

  3. negative growth

  4. no growth
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Since 1951, the government has actively promoted small-scale industries through various incentives, leading to a significant increase in their number and contribution to the 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

Industrial sector has now become &_________.

  1. broad based & modernized

  2. narrow based & backward

  3. narrow based & modernized

  4. broad based but backward
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The industrial sector in India has evolved from a limited base to a broad-based structure that incorporates modern technology and diverse production capabilities.

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

For the development of cottage $7$ small scale industries _______________.

  1. Loans were provided

  2. Some production items were specially reserved

  3. Both a & b

  4. Neither a nor b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The government supported small-scale and cottage industries through both financial assistance (loans) and protective measures, such as reserving specific items for exclusive production by these sectors.

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

The number of products reserved for small scale industry till October $2008$ is _________.

  1. $35$

  2. $21$

  3. $81$``

  4. $106$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The number of products reserved for the small-scale sector was significantly reduced over time as part of liberalization. By October 2008, the number of reserved items had been brought down to 21.

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

Foreign direct invest helped India in ___________.

  1. exports

  2. imports

  3. import of money from outside

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

Foreign direct invest helped India in exports, imports and import of money from outside. FDI stands for Foreign Direct Investment. It is also known as 'cross border investment'. It plays an important role in the global economy. It is a type of investment made by a resident in one economy in a business organisation which belongs to another country.

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

The major proportion of sick units are ______.

  1. small units

  2. medium units

  3. large untis

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Small-scale units are the most vulnerable to market fluctuations, lack of credit, and competition, which leads to a higher proportion of them becoming 'sick' or non-viable compared to larger, more resilient firms.

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

Which Industrial Policy Paid more attention toward the cottage industries?

  1. Industrial Policy of $1948$

  2. Industrial Policy of $1956$

  3. Industrial Policy of $1977$

  4. Industrial Policy of $1980$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Industrial Policy of 1977 placed a renewed and specific emphasis on the development of cottage and small-scale industries, particularly in rural areas, to promote employment.

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

The major proportion of sick units are _______.

  1. small units

  2. medium units

  3. large units

  4. none of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The major proportion of sick industrial units are small units. Small-scale industries face higher vulnerability due to resource constraints, limited access to credit, and operational challenges.

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

Main Hurdle in steady industrial development in India is?

  1. Lack of capital

  2. insufficient basic infrastructure

  3. Limited market

  4. technical backwardness
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

While capital and infrastructure are issues, a limited domestic market (due to low purchasing power) has historically been a major hurdle for the steady growth of industrial production in India.