Industrial Engineering
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
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
Correct Answer: Rural landholdings
Solution : Land reforms in India were intended to break the concentration of rural landholdings, redistributing land to the landless and small farmers to promote social equity and agricultural productivity.
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.
Correct Answer: Both 1 and 2
Solution : Answer = Both 1 and 2 AS-3 has been mandatory for Enterprises whose equity or debt securities are listed on a recognised inventory exchange in India, and All other commercial, industrial and business enterprises, whose turnover for the accounting period exceeds Rs.
Question : A city known for its environmental sustainability initiatives would be classified as a:
Option 1: Green city
Option 2: Industrial hub
Option 3: Cultural city
Option 4: Trade city
Correct Answer: Green city
Solution : Correct Option: Option 1 Explanation: A green city is an urban settlement known for its environmental sustainability initiatives, focusing on reducing pollution, conserving resources, and promoting eco-friendly practices.
Question : In global environmental debates, India often emphasizes:
Option 1: The principle of common but differentiated responsibilities
Option 2: The priority of economic development over environmental concerns
Option 3: The rejection of international environmental agreements
Option 4: The support for unrestricted industrial pollution
Correct Answer: The principle of common but differentiated responsibilities
Solution : In global environmental debates, India often emphasizes the principle of common but differentiated responsibilities, which recognizes that while all countries are responsible for addressing environmental issues, developed countries should take a larger share of the burden due to their
Question : The Foreign Trade Policy of India is formulated by which organization?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Commerce and Industry
Option 3: Ministry of Finance
Option 4: Department of Industrial Policy and Promotion (DIPP)
Correct Answer: Ministry of Commerce and Industry
Solution : The correct answer is (b) Ministry of Commerce and Industry.
The Ministry of Commerce and Industry is responsible for formulating and implementing the foreign trade policy of India. The ministry plays a crucial role in shaping the country's trade and commerce
Question : Assertion: Commercial energy sources play a crucial role in driving industrial and economic growth.
Reason: Commercial energy sources provide a consistent and reliable energy supply for industrial operations.
Option 1: Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are correct, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is correct, but the reason is incorrect.
Option 4: Assertion is incorrect, but the reason is correct.
Correct Answer: Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
The assertion states that commercial energy sources play a
Question : According to the Industrial Policy Resolution 1956, how many categories were the industries classified in India?
Option 1: 5
Option 2: 4
Option 3: 3
Option 4: 2
Correct Answer: 3
Solution : The correct answer is 3.
The Industrial Policy Resolution of 1956 in India classified industries into three categories:
Question : What was the immediate consequence of the suspension of Five-year Plans in India?
Option 1: Rapid industrial growth
Option 2: Increase in foreign investment
Option 3: Shift towards a market economy
Option 4: Stagnation in economic development
Correct Answer: Stagnation in economic development
Solution : The immediate consequence of the suspension of Five-year Plans in India was stagnation in economic development, as the planning process was integral to the country's development strategy.
Question : Statement 1: The Industrial Policy Resolution of 1956 aimed to create a socialist pattern of society in India.
Statement 2: The resolution focused on the regulation and control of private 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 goal of creating a socialist pattern of society in India. It advocated for a mixed economy where the state played a
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