Tag: subsidies, industrial policy and trade policy

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Questions Related to subsidies, industrial policy and trade policy

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

Growth rate of industrial output over the planning period has been _______.

  1. satisfactory

  2. not upto the mark

  3. good

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

Over the various planning periods in India, the growth rate of industrial output is generally considered to have been satisfactory, despite various 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

Basic goods industries produce _______.

  1. materials, fertilizers, cement, steel, iron etc.

  2. machinery, machine tools etc.

  3. chemicals, rubber, plastic, coal etc.

  4. man-made fibers, beverages, watches etc.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Basic goods industries are those that produce raw materials and intermediate products like steel, iron, cement, and fertilizers, which serve as the foundation for other industries.

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 capital- output ratio in India is  ______.

  1. increasing

  2. decreasing

  3. remained constant

  4. not shown any specific trend
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The capital-output ratio in the Indian economy has generally trended upward over time, reflecting a rise in the amount of capital required to produce a unit of output. This indicates a decline in capital efficiency as the economy has developed.

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

In India, industries witness _______.

  1. underutilization of capacity

  2. moderate utilization of capacity

  3. overutilization of capacity

  4. exact utilization of capacity
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Indian industries have historically faced issues with underutilization of capacity due to factors like power shortages, raw material bottlenecks, and demand constraints. This is a common structural issue in developing industrial economies.

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 independence, dominance of monopoly business houses has _______.

  1. increased

  2. decreased

  3. remained constant

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

Post-independence, the licensing system and protectionist policies often led to the concentration of economic power in large business houses. This trend of dominance persisted for several decades until the liberalization reforms.

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

Mahalanobis model emphasized on ______.

  1. building basic & capital goods industries

  2. building basic industries

  3. building capital goods industries

  4. building consumer goods industries
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Mahalanobis model, which formed the basis of the Second Five-Year Plan, prioritized the development of heavy and capital goods industries to build a self-reliant industrial base.

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

India is a ______cost industrial economy.

  1. high

  2. low

  3. medium

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

India has historically been characterized as a high-cost industrial economy due to factors like inefficient infrastructure, high input costs, and protectionist trade policies that limited competitive pressure.

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

There are steel plants in which of the following locations?

  1. Bhilai

  2. Rourkela

  3. Mirzapur

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

Bhilai, Rourkela, and Mirzapur (often associated with industrial hubs) are recognized locations for various industrial plants in India. Therefore, all listed options are valid.

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 independence, the structure of industry has shifted in favour of _______.

  1. basic, capital & intermediate goods

  2. basic goods only

  3. capital goods only

  4. intermediate goods only
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The industrial strategy post-independence focused heavily on shifting the structure toward basic, capital, and intermediate goods to reduce dependence on imports and build a strong domestic industrial foundation.

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

During 1951- 90 the strategy was to _______.

  1. develop consumer goods industries

  2. develop basic & capital goods industries by giving their responsibility to public sector

  3. develop intermediate goods industries

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

The strategy during 1951-1990 was characterized by the public sector taking the lead in developing heavy, basic, and capital goods industries, as these were seen as essential for long-term growth.