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

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

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

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

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  

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.

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

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

Question : Land reforms in India were intended to break the concentration of:  
 

Option 1: Industrial wealth  
 

Option 2: Urban landholdings  
 

Option 3: Rural landholdings  

Option 4: Foreign investments  

Question : Accounting Standard (AS-3) has been made mandatory in respect of accounting periods commencing on or after 1st April 2001, for certain enterprises. These enterprises

Option 1: Enterprises whose equity or debt securities are listed on a recognised inventory exchange in India,

Option 2: All other commercial, industrial and business enterprises, whose turnover for the accounting period exceeds Rs. 50 Crores.

Option 3: Both 1 and 2

Option 4: None of the above.