Indian Economy Mcq Questions

Indian Economy Mcq Questions

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Q1. Consider the following statements and identify the right ones.
i. The Industrial Policy of 1948 was the first industrial policy statement by the Government
ii. It gave leading role to the private sector
a. ii only.
b. I only
c. both
d. none

Q2. Consider the following statements and identify the right ones.
i. As per the 1948 policy, six industries were under the mixed sector
ii. New units could be set up by the private sector
a. i only
b. ii only
c. both
d. none

Q3. Which of the following was not an objective of the 1956 industrial policy?
a. Development of cooperative sector
b. Expansion of public sector
c. Develop heavy and machine making industries
d. None of the above

Q4. Consider the following statements and identify the right ones.
i. The 1980 industrial policy emphasized “economic federalism”
ii. Liberal license policies were advocated for agro-based industries
a. I only
b. ii only
c. i & ii
d. none

Q5. Consider the following statements and identify the right ones.
i. The 1991 industrial reforms exempted all industries from compulsory licensing
ii. There are six industries under compulsory licensing today
a. ii only
b. I only
c. both
d. None

Q6. Which of the following industries are to be given compulsory licensing?
a. Alcohol
b. Tobacco
c. Drugs and pharmaceuticals
d. All the above

Q7. Which of the following industries was de-reserved in 1993?
a. Atomic energy
b. Atopic minerals
c. Railways
d. Mining of copper and zinc

Q8. Consider the following statements and identify the right ones.
i. It comprises of a chairman, 3 official and 3 non official members and 3 permanent invitees
ii. The Board for Reconstruction of Public Sector Enterprises is an advisory body for strengthening public sector units.
a. ii only
b. i only
c. both
d. none

Q9. Which of the following is not a Maha-Ratna industry?
a. GAIL
b. Coal India Limited
c. Airports Authority of India
d. SAIL

Q10. Which of the following is a nav Ratna category unit?
a. HAL
b. Oil India Limited
c. MTNL
d. All the above

ANSWERS:

1. b
2. a
3. d
4. c
5. a
6. d
7. d
8. c
9. c
10. d

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