Industrial Engineering
Question : Which of the following is not an example of a minor industrial region of India?
Option 1: Durg-Raipur region
Option 2: Ambala-Amritsar region
Option 3: Northern Malabar region
Option 4: Hugli region
Correct Answer: Hugli region
Solution : The correct answer is the Hugli region.
India features several major industrial regions that contribute significantly to the country's economic development:
Question : Which of the following brings out the 'consumer price index number' for industrial workers?
Option 1: RBI
Option 2: The Labour Bureau
Option 3: Commerce Department
Option 4: NITI Aayog
Correct Answer: The Labour Bureau
Solution : The correct option is The Labour Bureau.
The Labour Bureau, under the Ministry of Labour and Employment, is responsible for compiling and releasing the Consumer Price Index Number for Industrial Workers (CPI-IW) every month. This index is derived from the fluctuations in prices
Question : Statement 1: Disguised unemployment is more prevalent in the agricultural sector compared to the industrial sector.
Statement 2: Seasonal unemployment is a significant issue in rural areas of India.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true. Disguised unemployment refers to a situation where there are more workers engaged in a task or occupation than necessary. In the agricultural sector, it is often observed that a
Question : Statement 1: The Industrial Policy Resolution of 1956 aimed to promote the growth of the public sector in India.
Statement 2: The resolution emphasized the role of private enterprises in industrial development.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.
Statement 1 is true. The Industrial Policy Resolution of 1956 in India did aim to promote the growth of the public sector. The
Question : Statement 1: The Industrial Policy Resolution of 1956 emphasized the development of small-scale industries in India.
Statement 2: The Industrial Policy Resolution aimed to promote state control over key industries.
Correct Answer: Statement 1 is false, and statement 2 is true.
Solution : The correct answer is (d) Statement 1 is false, and statement 2 is true.
Statement 1 is false. The Industrial Policy Resolution of 1956 did not specifically emphasize the development of small-scale industries. It focused more on
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to promote the growth of the public sector in India.
Reason: The resolution emphasized the role of private enterprises in industrial development.
Option 1: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer: The assertion is true, but the reason is false.
Solution : The correct answer is (c) The assertion is true, but the reason is false.
The assertion is true. The Industrial Policy Resolution of 1956 in India aimed to promote the growth of the public sector. It emphasized
Question : Which among the following banks launched the "Gram Seva Program" across six states in India in October 2022?
Option 1: Industrial Credit and Investment Corporation of India
Option 2: Reserve Bank of India
Option 3: State Bank of India
Option 4: Housing Development Finance Corporation
Correct Answer: State Bank of India
Solution : The correct option is the State Bank of India.
The State Bank of India (SBI) launched the "Gram Seva Program" on Gandhi Jayanti 2022, targeting comprehensive village development in education, healthcare, livelihoods, and infrastructure.
Question : What was the main aim of the First Five Year Plan?
Option 1: Self-dependent
Option 2: Industrial growth
Option 3: Economic growth
Option 4: Agricultural growth
Correct Answer: Agricultural growth
Solution : The correct answer is Agricultural growth.
An advanced and strategic first five-year plan was formulated to improve India’s economy after its independence in 1951. The plan aimed to bring changes, and make India self-sufficient, and economically powerful. The major focus behind the first Five-year
Question : Statement 1: The Industrial Policy Resolution of 1956 aimed to promote the development of small-scale industries in India.
Statement 2: The resolution emphasized the role of large-scale industries in industrial growth.
Statement 1 is true. The Industrial Policy Resolution of 1956 in India did aim to promote the development of small-scale industries. The policy
Question : The Foreign Exchange Management Act (FEMA) replaced which earlier act?
Option 1: Foreign Exchange Regulation Act (FERA)
Option 2: Foreign Investment Promotion Board (FIPB)
Option 3: Industrial Development and Regulation Act (IDRA)
Option 4: Companies Act
Correct Answer: Foreign Exchange Regulation Act (FERA)
Solution : The correct answer is (a) Foreign Exchange Regulation Act (FERA).
The Foreign Exchange Regulation Act (FERA) was enacted in 1973 in India to regulate foreign exchange transactions, currency dealings, and related matters. FERA imposed strict controls on foreign exchange transactions, including
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