Tag: economics

Questions Related to economics

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

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

  1. 111760 Crore

  2. 311760 Crore

  3. 411760 Crore

  4. 611760 Crore

Show answer
Correct Option: D
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 of the following is an industrially advanced state?

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

  1. Nagaland

  2. Maharashtra

  3. Manipur

  4. Jammu & Kashmir

Show answer
Correct Option: B
Explanation:

Maharashtra is an industrially advanced state. Industrial sector plays major role in the economic development of Maharashtra.

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

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

  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

Show answer
Correct Option: D
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.

Maharashtra Industrial Policy-2019 has been launched to make Maharashtra a ______.

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

  1. Global investment hub

  2. Manufacturing hub

  3. Technology hub

  4. All of the above

Show answer
Correct Option: D
Explanation:

Maharashtra Industrial Policy-2019 has been launched to make the State global investment, manufacturing and technology hub. 

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

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

  1. True

  2. False

Show answer
Correct Option: B
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.

What is the full form of MAITRI?

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

  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

Show answer
Correct Option: A
Explanation:

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

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

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

  1. 10 %

  2. 18 %

  3. 28 %

  4. 38 %

Show answer
Correct Option: B
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.

When was MIDC established?

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

  1. 1952

  2. 1960

  3. 1962

  4. 1965

Show answer
Correct Option: C
Explanation:

Maharashtra Industrial Development Corporation (MIDC) was established in 1962 as the premier industrial infrastructure development agency of GoM. The main objective is to set up industrial areas for planned and systematic industrial development and to function as a special planning authority in development of industrial areas. MIDC has one of the largest industrial land banks amongst all the Industrial development corporations in India.

Maharashtra State accounts for _______ of the country’s software export.

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

  1. 5 percent

  2. 10 percent

  3. 15 percent

  4. more than 20 percent

Show answer
Correct Option: D
Explanation:

Maharashtra State accounts for more than 20 per cent of the countrys software export. In order to promote balanced growth of IT Industry in the State, GoM came up with its IT & ITES Policy. Maharashtra Industrial Development Corporation (MIDC), City and Industrial Development Corporation of Maharashtra Limited (CIDCO) and Software Technology Parks of India have developed 37 public IT parks.

What are main objectives of Maharashtras Logistics Parks Policy 2018?

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

  1. Make Maharashtra a part of global supply chain

  2. Upgrade from traditional warehousing to fully integrated value added logistics services

  3. Improve overall logistics infrastructure in the State to ensure last mile connectivity

  4. All of the above

Show answer
Correct Option: D
Explanation:

Logistics is recognised as an international service today, with the potential to trade globally and earn foreign exchange for the country. At present, this sector faces several challenges in terms of non-availability of adequate space, lack of skilled workforce, in-adequate infrastructure in terms of roads, rail, etc. The policy aims to address these challenges. The main objectives of this policy are :

  • Make Maharashtra a part of global supply chain
  • Upgrade from traditional warehousing to fully integrated value added logistics services
  • Improve efficiency and reduction in logistics cost
  • Improve overall logistics infrastructure in the State to ensure last mile connectivity