Question 1

What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector?
1. Setting up of National Investment and Manufacturing Zones
2. Providing the benefit of 'single window clearance'
3. Establishing the Technology Acquisition and Development Fund
Select the correct answer using the codes given below:

Accepted Answer

The recent policy initiatives of the Government of India to promote the growth of the manufacturing sector include setting up National Investment and Manufacturing Zones, providing single window clearance, and establishing the Technology Acquisition and Development Fund. These initiatives are part of the National Manufacturing Policy, which aims to increase India's industrial production, create employment opportunities, develop top-notch infrastructure, and attract investments in the manufacturing sector. The correct answer is option (c) - 1 and 3 only.

Question 2

Consider the following financial institutions of India: 1. Industrial Finance Corporation of India (IFCI) 2. Industrial Credit and Investment Corporation of India (ICICI) 3. Industrial Development Bank of India (IDBI) 4. National Bank for Agriculture and Rural Development (NABARD). The correct chronological sequence of the establishment of these institution is:

Accepted Answer

In the sequence of establishment of financial institutions in India, the Industrial Finance Corporation of India (IFCI) was founded in 1948, followed by the Industrial Credit and Investment Corporation of India (ICICI) in 1955, then the Industrial Development Bank of India (IDBI) in 1964, and finally the National Bank for Agriculture and Rural Development (NABARD) in 1982. So, the correct chronological order is 1, 2, 3, 4.

Question 3

Consider the following statements: Industrial development in India, to an extent, is constrained by:
1. lack of adequate entrepreneurship and leadership in business
2. lack of savings to invest
3. lack of technology, skills and infrastructure
4. limited purchasing power among the larger masses
Which of the above statements are correct?

Accepted Answer

In India, the growth of industries faces challenges due to insufficient entrepreneurship, lack of savings for investment, absence of advanced technology, skills, and infrastructure, as well as limited purchasing power among the majority of the population. The correct statements among the options provided are 2, 3, and 4, as they accurately reflect the constraints on industrial development in the country.

Question 4

As per the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018: 1. If rules for fixed-term employment are implemented, it becomes easier for the firms/companies to lay off workers 2. No notice of termination of employment shall be necessary in the case of temporary workman Which of the following statements given above is/are correct

Accepted Answer

According to the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018, firms can easily lay off workers if they implement fixed-term employment rules. Additionally, temporary workers do not require notice of termination. The correct statements are both 1 and 2, as per the rules.

Question 5

Consider the following: 1. Industrial Finance Corporation of India 2. Industrial Credit and Investment Corporation of India 3. Industrial Development Bank of India 4. Unit Trust of India. The correct sequence in which the above were established is:

Accepted Answer

The establishment sequence of the following institutions is as follows: Industrial Finance Corporation of India (IFCI) in July 1948, Industrial Credit and Investment Corporation of India (ICICI) in 1955, Unit Trust of India (UTI) in 1963, and Industrial Development Bank of India (IDBI) in July 1964. The correct chronological order is 1, 2, 4, 3, as indicated by option (a).

Industrial Sector — UPSC Previous Year Questions

Year-wise Distribution

Sample Questions

Industrial Sector — UPSC Previous Year Questions

Year-wise Distribution

Sample Questions