Question : In 1950-51, what percentage of the GDP of India was contributed by the industrial sector?
Option 1: 22 per cent
Option 2: 28 per cent
Option 3: 13 per cent
Option 4: 16 per cent
Correct Answer: 13 per cent
Solution : The correct option is 13 per cent.
The contribution of the industrial sector to GDP was only 13% in 1950–51, as the focus was on agrarian reforms and economic self-sufficiency. However, it diversified into various sub-sectors, such as automobile manufacturing, electronics, pharmaceuticals, and engineering.
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Question : Which is the biggest tax-paying sector in India as of 2016?
Option 1: Agriculture sector
Option 2: Industrial sector
Option 3: Transport sector
Option 4: Banking sector
Question : In which year was the first Industrial Policy based on the mixed economy principle announced in India?
Option 1: 1948
Option 2: 1962
Option 3: 1950
Option 4: 1959
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.
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
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
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