Question : A key objective of environmental movements in India is to:
Option 1: Increase industrial pollution standards
Option 2: Promote the use of non-renewable energy sources
Option 3: Advocate for sustainable development practices
Option 4: Support the expansion of urban areas
Correct Answer: Advocate for sustainable development practices
Solution : A key objective of environmental movements in India is to advocate for sustainable development practices, emphasizing the need for balance between economic growth and environmental protection.
Answer laterQuestion : Post-independence, the class structure in India saw:
Option 1: The disappearance of the landlord class
Option 2: The emergence of a large industrial working class
Option 3: A decrease in the agricultural workforce
Option 4: The growth of the service sector
Correct Answer: The emergence of a large industrial working class
Solution : Post-independence, the class structure in India saw the emergence of a large industrial working class as a result of planned industrialization and urbanization.
Question : Statement 1: The Industrial Policy Resolution of 1956 aimed to promote the development of heavy industries in India.
Statement 2: The resolution emphasized public sector dominance in key 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 importance of developing heavy industries in India to support economic growth and self-sufficiency. The focus was on sectors such as steel, power, heavy machinery, and chemical industries, which were considered crucial for industrialization and infrastructure development.
Statement 2 is also true. The Industrial Policy Resolution of 1956 advocated for a dominant role of the public sector in key industries. It emphasized the establishment of public sector enterprises and state control over strategic industries. The government aimed to use the public sector as an instrument for planned economic development and social welfare.
Therefore, both statements are true. The Industrial Policy Resolution of 1956 aimed to promote the development of heavy industries and emphasized public sector dominance in key industries.
Question : Who was the Prime Minister of India when the Industrial Policy of 1991 was launched?
Option 1: Rajiv Gandhi
Option 2: P. V. Narasimha Rao
Option 3: Chandra Shekhar
Option 4: V. P. Singh
Correct Answer: P. V. Narasimha Rao
Solution : The correct option is P. V. Narasimha Rao.
The Industrial Policy of 1991 in India was launched during the tenure of Prime Minister P. V. Narasimha Rao. The reforms included measures such as liberalisation of industrial licensing, reduction of trade barriers, encouragement of foreign direct investment (FDI), and privatisation of some public sector enterprises.
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 public sector. The reservation of industries for the public sector aimed to promote state ownership and control in sectors of the economy.
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. 50 Crores.
Hence, the correct option is 3.
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 historical contributions to pollution.
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 activities, both domestically and internationally.
The Ministry of Commerce and Industry, in collaboration with various departments and agencies, develops the FTP after considering inputs from stakeholders, industry associations, and trade experts. The policy is periodically revised to align with changing global trade dynamics, economic priorities, and the overall development goals of the country.
