Industrial Engineering
Question : In India, which of the following regulatory mechanisms was not in existence to enforce regulation of the industrial sector?
Option 1: Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or decide the amount of goods that could be produced.
Option 2: Controls on price fixation and distribution of selected industrial products.
Option 3: Private sector was allowed in all industries.
Option 4: Some goods could be produced only in small-scale industries.
Correct Answer: Private sector was allowed in all industries.
Solution : The correct answer is the Private sector was allowed in all industries.
All of the options are part of the regulatory mechanisms that are in existence to enforce regulation of the industrial sector, except the "private sector was
Question : What is a common form of resistance against globalization in India?
Option 1: Embracing Western cultural practices
Option 2: Promoting export-oriented industries
Option 3: Protests against land acquisition for industrial projects
Option 4: Advocating for complete economic isolation
Correct Answer: Protests against land acquisition for industrial projects
Solution : A common form of resistance against globalization in India is protests against land acquisition for industrial projects, which are often seen as a threat to local livelihoods and environments.
Question : Comprehension: Read the passage carefully and answer the questions that follow. India's favourable demographic trends, which have increased the workforce's percentage of the overall population, have paved the way for a significant middle-class expansion. A big population bulge emerging from absolute poverty and set to reach the middle class would generate new dynamics. In India, over 55 percent of the population is predicted to reach the middle class. In reality, because India's demographics are significantly younger than China and the United States, the country's middle class might be the world's largest (in terms of population) by 2025. It is no exaggeration to argue that future growth will be reliant on the increasing middle class and that the middle class's development will be reliant on growth. Growth has been fuelled by both private consumption and saving, both of which are fuelled by the middle class. India's private consumption accounts for over 60% of the country's GDP, while private consumption growth has contributed to 70% of the country's growth since 2000. Even though China's middle class is now greater than India's, private spending in the former accounts for a lesser share of growth. In contrast to the United States, where domestic savings are dropping and the country borrows excess funds from outside to invest and expand, India's domestic savings and investments are increasing and funding investments. The emergence of the middle class is anticipated to coincide with a transition away from large-scale informality, which now characterises much of the services and industrial sectors, and toward more formal, wage-earning, and medium-scale firms. Technological advancements will spread at a faster rate. Cities will expand as job possibilities concentrate on them. If there is enough movement across states and from rural to urban regions, the population increase will be more evenly distributed.
Question: What is the tone of the passage?
Option 1: Critical
Option 2: Objective
Option 3: Subjective
Option 4: Didactic
Correct Answer: Objective
Solution : The correct option will be the second option.
The tone of the passage is predominantly objective.
The author presents information and analyses about India's demographic trends, the growth of the middle class, and its impact on the country's economy factually and neutrally. The passage does
Question : The management of traditional property resources is crucial for:
Option 1: Accelerating the privatization of communal lands
Option 2: Ensuring the preservation of cultural and ecological heritage
Option 3: Promoting industrial expansion in rural areas
Option 4: Reducing the participation of local communities in resource management
Correct Answer: Ensuring the preservation of cultural and ecological heritage
Solution : The management of traditional property resources is crucial for ensuring the preservation of cultural and ecological heritage, as these resources are integral to the identity and sustainability of local communities.
Question : Which committee recommended the establishment of the Industrial Finance Corporation of India (IFCI)?
Option 1: Hilton-Young Commission
Option 2: Tarlok Singh Committee
Option 3: V.K.R.V. Rao Committee
Option 4: Kaldor Committee
Correct Answer: Hilton-Young Commission
Solution : The correct answer is (a) Hilton-Young Commission.
The Hilton-Young Commission, officially known as the Royal Commission on Indian Currency and Finance, was formed in 1925 to review and recommend reforms for India's financial and monetary system. The commission, led by Lord Hilton-Young, submitted its
Question : A key objective of environmental movements in India is to:
Option 1: Increase industrial pollution standards
Option 2: Promote the use of non-renewable energy sources
Option 3: Advocate for sustainable development practices
Option 4: Support the expansion of urban areas
Correct Answer: Advocate for sustainable development practices
Solution : A key objective of environmental movements in India is to advocate for sustainable development practices, emphasizing the need for balance between economic growth and environmental protection.
Question : Post-independence, the class structure in India saw:
Option 1: The disappearance of the landlord class
Option 2: The emergence of a large industrial working class
Option 3: A decrease in the agricultural workforce
Option 4: The growth of the service sector
Correct Answer: The emergence of a large industrial working class
Solution : Post-independence, the class structure in India saw the emergence of a large industrial working class as a result of planned industrialization and urbanization.
Question : Statement 1: The Industrial Policy Resolution of 1956 aimed to promote the development of heavy industries in India.
Statement 2: The resolution emphasized public sector dominance in key industries.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct option is (a) Both statements are true.
Statement 1 is true. The Industrial Policy Resolution of 1956 emphasized the importance of developing heavy industries in India to support economic growth and self-sufficiency. The focus was on sectors such as steel,
Question : Who was the Prime Minister of India when the Industrial Policy of 1991 was launched?
Option 1: Rajiv Gandhi
Option 2: P. V. Narasimha Rao
Option 3: Chandra Shekhar
Option 4: V. P. Singh
Correct Answer: P. V. Narasimha Rao
Solution : The correct option is P. V. Narasimha Rao.
The Industrial Policy of 1991 in India was launched during the tenure of Prime Minister P. V. Narasimha Rao. The reforms included measures such as liberalisation of industrial licensing, reduction of trade barriers, encouragement
Question : Which among the following industries was not in Schedule A of Industrial Policy 1956?
Option 1: Air transport
Option 2: Mining of salt
Option 3: Mineral oils
Option 4: Iron and steel
Correct Answer: Mining of salt
Solution : The correct option is the Mining of salt.
The mining of salt was not included in Schedule A of the Industrial Policy of 1956 in India. In the context of India's industrial policy, Schedule A included industries that were exclusively reserved for the
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