Indian Industries & Trade

Total Questions: 65

1. Which of the following benefits are likely to accrue to India from the World Trade Organisation? [1995]

1. India's share in the world trade is to go up from the present 600 million US dollars to 5 billion US dollars by 2000 AD.

2. It will help boost exports of agricultural commodities from India.

3. India's share in the world trade is likely to triple by the year 2000 A.D.

(a) 1, 2 & 3
(b) 1 & 3
(c) 1 & 3
(d) 2 & 3

Correct Answer: (d) 2 & 3

Solution:World Trade Organizationis attempting to lower trade barriers across nations. Hence export of all member nations will go up.

India's GDP has considerably changed since 1990s and as it was projected India did achieve the estimated target but today it has breached overall predictions done for the later period of 2020.

2. Local supply of coal is not available to: [1996]

(a) TISCO, Jamshedpur
(b) VSL, Bhadravati
(c) HSL, Durgapur
(d) HSL, Bhilai

Correct Answer: (b) VSL, Bhadravati

Solution:VSL Bhadravati located in Karnataka is the only iron and state plant which does not have capative coal mines and is situated outside the coal producing area. The plant switched over to electric furnaces after the completion of Mahatma Gandhi Hydel Power Station.

3. The number of industries for which industrial licensing is required has now been reduced to: [1997]

(a) 15
(b) 6
(c) 35
(d) 20

Correct Answer: (b) 6

Solution:Six industries which needs Industrial License:

1. Distillation and brewing of alcoholic drinks.

2. Cigars and cigarettes of tobacco and manufactured tobacco substitutes.

3. Electronic, aeroplane and defence equipment.

4. Industrial explosives.

5. Hazardous chemicals.

6. Drugs and Pharmaceuticals.

4. Scheme of (i) Urban Micro-Enterprises, (ii) Urban Wage Employment and (iii) Housing and Shelter Upgradation are parts of: [1997]

(a) Integrated Rural Development Programme
(b) Nehru Rojgar Yojana
(c) Jawahar Rojgar Yojana
(d) Prime Minister's Rojgar Yojana

Correct Answer: (b) Nehru Rojgar Yojana

Solution:The Nehru Rozgar Yojana (1989)has been designed to provide employment to the urban unemployed and under-employed poor.

5. The contribution of India's small scale sector to the gross turnover in the manufacturing sector since 1992 has been of the order of: [1997]

(a) 40%
(b) 34%
(c) 30%
(d) 45%

Correct Answer: (a) 40%

Solution:The contribution of small scale industries to employment and exports is substantial. The sector contributes over 40 per cent of the gross turnover in the manufacturing sector, 45 per cent of manufactured exports and 25 per cent of total exports. As in 2015.

6. Which of the following places are known for paper manufacturing industry? [1997]

1. Yamuna Nagar

3. Shahabad

2. Guwahati

4. Ballarpur

Choose the correct answer using the codes given below:

(a) 1, 2 & 3
(b) 1, 2 & 4
(c) 1, 3 & 4
(d) 2, 3 & 4

Correct Answer: (b) 1, 2 & 4

Solution:Yamuna Nagar, Guwahati and Ballarpur are famous for paper manufacturing industry. Yamuna Nagar is in Haryana, Guwahati is in Assam and Ballarpur is in Maharashtra.

7. Match List-I with List-II and select the correct answer: [1997]

List-I (Hazardous industries)	List-II (Located at)
A. Glass Industry	1. Moradabad
B. Brassware Industry	2. Marakpur
C. Slate Industry	3. Ferozabad
D. Handmade Carpet	4. Mirzapur Industry

Codes:

	A	B	C	D
(a)	3	1	2	4
(b)	1	3	4	2
(c)	3	1	4	2
(d)	1	3	2	4

Correct Answer: (a)

Solution:

List-I (Hazardous industries)	List-II (Located at)
A. Glass Industry	Firozabad
B. Brassware Industry	Moradabad
C. Slate Industry	Marakpur
D. Handmade Carpet Industry	Mirzapur

All these industries use child labour filling of a public interest petition in the Supreme Court is pending.

8. Consider the following statements: [1998]

The price of any currency in international market is decided by the:

1. World Bank

2. Demand for goods/services provided by the country concerned

3. Stability of the government of the concerned country

4. Economic potential of the country in question of these statements:

(a) 1, 2, 3 & 4 are correct
(b) 2 & 3 are correct
(c) 3 & 4 are correct
(d) 1 & 4 are correct

Correct Answer: (b) 2 & 3 are correct

Solution:World Bank is important to the source of financial and technical assistance to developing countries around the world. It has no relation to the price of the currency in the International Market. Hence statement 1 is not correct.

The stability of the government is a very important factor too as an unstable govt may not be able to take effective economic decisions which will, in turn, affect export and import. Hence statement 2 is correct.

The price of any currency is determined by forces of demand and supply. Demand for a currency depends on two factors- its exports to other countries and investments that people want to make in that currency. Hence statement 3 is correct.

The economic potential of the country is not related to the price of any currency in the international market. Hence statement 4 is not correct.

9. Some time back, the Government of India, decided tode-license 'white goods' industry. 'White goods' include: [1998]

(a) stainless steel and aluminium utensils
(b) milk and milk products
(c) items purchased for conspicuous consumption
(d) soaps, detergents and other mass consumption goods

Correct Answer: (c) items purchased for conspicuous consumption

Solution:White goods are large electrical goods used domestically such as air conditioners, refrigerators, cooking range etc., which had a white enamel finish. Despite their availability in varied colours now, they are still called white goods. The term is used where British English is spoken. In the year 1993 the govt. of India had decided to de-licence these goods.

10. The rough outline map given shows centres of cement industry labelled 1, 2, 3 and 4. Match these centres with the following sets of names: [1999]

A. Katni

B. Tirunelveli

C. Sikka

D. Churk

Select the correct answer using the codes given below:

Codes:

	A	B	C	D
(a)	3	4	2	1
(b)	2	4	1	3
(c)	1	2	4	3
(d)	2	3	1	4

Correct Answer: (b)

Solution:In the rough outline map of India show centres of cement industry:

'1' Sikka in Gujarat.

'2' Katni in Madhya Pradesh

'3' Churk in Uttar Pradesh

'4' Tirunelveli in Tamil Nadu.

All the places have cement industries.

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