Question : In India, which of the following is not an objective of the National Manufacturing Policy?
Option 1: To increase the sectoral share of manufacturing in GDP to at least 25% by 2022.
Option 2: To double the exports of manufacturing goods by 2022.
Option 3: To increase the rate of job creation to create 100 million additional jobs by 2022.
Option 4: To enhance global competitiveness, domestic value addition, technological depth, and environmental sustainability of growth.
Correct Answer: To double the exports of manufacturing goods by 2022.
Solution : The answer is To double the exports of manufacturing goods by 2022.
On November 4, 2011, the Ministry of Commerce and Industry's Department of Industrial Policy and Promotion (DIPP) notified the National Manufacturing Policy (NMP). The National Manufacturing Policy aims to improve global competitiveness, domestic value addition, technological depth, and environmental sustainability of growth. It also seeks to increase the sectoral share to accelerate job creation to create 100 million new jobs.
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Question : The value of GDP at the current prevailing prices is called _______.
Option 1: nominal GDP
Option 2: current GDP
Option 3: domestic GDP
Option 4: Real GDP
Question : Which sector has the highest percentage share of goods exports in the annual GDP (at current prices) for the year 2020-21?
Option 1: Electronic Goods
Option 2: Drugs and Pharmaceuticals
Option 3: Organic and Inorganic Chemicals
Option 4: Engineering Goods
Question : The Gross domestic product (GDP) estimation method measuring the aggregate value of goods and services produced by the firms is called _______.
Option 1: expenditure method
Option 2: consumption method
Option 3: income method
Option 4: product method
Question : The primary focus of environmental movements in India is to:
Option 1: Promote nuclear energy
Option 2: Enhance industrial productivity
Option 3: Protect natural resources and promote sustainability
Option 4: Increase the use of genetically modified crops
Question : Which of the following is the Gross Domestic Product (GDP) Deflator?
Option 1: The ratio of nominal to real GDP
Option 2: The ratio of nominal to real GNP
Option 3: The ratio of nominal to real CPI
Option 4: The ratio of real to nominal GNP
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