Industrial Sector (Economic Development) Part-III

Total Questions: 50

31. Match the following: [R.A.S./R.T.S.(Pre) 2013]

Govt. PolicyYear
A. Information Technology Policy(i) 2000
B. Mineral Policy(ii) 2006
C. Hotel Policy(iii) 2010
D. Industrial and Investment Promotion Policy(iv) 2011

Code:

 

ABCD
(a)(ii)(i)(iv)(iii)
(b)(i)(iv)(ii)(iii)
(c)(iii)(ii)(i)(iv)
(d)(iv)(ii)(iii)(i)

 

Correct Answer: (b)
Solution:The correctly matched list are as follows:
Government Policy (Rajasthan)Year
Information Technology Policy2000
Mineral Policy2011
Hotel Policy2006
Industrial & Investment Promotion Policy2010

32. Helpline 'Udyami' is meant for: [U.P.P.C.S. (Pre) (Re. Exam) 2015]

Correct Answer: (a) Micro, small and medium enterprises
Solution:Udyami Helpline, the Call Centre of Ministry of Micro, Small and Medium Enterprises(MSME), was inaugurated by the then Prime Minister Dr. Manmohan Singh on 21 August 2010.

The Call Centre had been started to satisfy the long felt need of a single point facility for MSMEs for a wide spectrum information and accessibility of Banks and other MSME-related organizations.

The Udyami Helpline 1800-180-6763 (a toll-free number), had been started to provide information on a wide range of subjects including guidance on how to set up an enterprise, access loans from banks, project profiles and the various schemes being implemented by the Government for the promotion of MSMEs

33. Headquarter of Madhya Pradesh Finance Corporation is: [M.P.P.C.S. (Pre) 2019]

Correct Answer: (a) Indore
Solution:Madhya pradesh Financial Corporation is the premier institution of the State, with its headquarters at Indore. Incorporated in the year 1955, it is engaged in providing financial assistance and related Services to small to medium sized industries.                                                                                                                          Madhya Pradesh Financial Corporation was incorporated under the State Financial Corporation Act, 1951. Madhya Pradesh Financial Corporation works under the control of the Board of Directors.

34. Long term credit to small and medium enterprises is provided in Uttar Pradesh through: [U.P.P.C.S. (Pre) 2008]

Correct Answer: (d) All of the above
Solution:U.P. Small Industries Corporation, U.P. State Industrial De. velopment Corporation (Now U.P. State Industrial Develop. ment Authority) and U.P. Financial Corporation-All of these are providing long term credit to small and medium enterprises in Uttar Pradesh.

Small and medium enterprises (SMEs) in India are businesses that are categorized as small-scale industrial (SSI) or medium-scale industrial units. They are a key part of the Indian economy and are classified based on their annual turnover and investment in equipment and plants.
Characteristics of SMEs
Classification:
Micro Enterprises: Investment up to 1 crore and turnover up to 5 crore.
Small Enterprises : Investment up to 10 crore and turnover up to 50 crore.
Medium Enterprises : Investment up to 50 crore and turnover up to 250 crore.
Diverse Sectors:
Operate across manufacturing, retail, IT, textiles, and more.
Significant role in rural industrialization.
SMEs often act as ancillary units, supplying to large industries while fostering entrepreneurship.

35. The U.P. Financial Corporation does not finance: [U.P.P.C.S. (Pre) 2008]

Correct Answer: (b) Tourism related inustries
Solution:The U.P. Financial Corporation does not finance tourism related industries. It was established in 1954 by the Government of Uttar Pradesh under SFCs Act 1951 (Central Act) to provide support for industrial development in the State.

UTTAR PRADESH FINANCIAL CORPORATION was established in 1954 by the Government of Uttar Pradesh under SFC's Act 1951 (Central Act) to provide support for industrial development in the state of Uttar Pradesh.

Since its establishment, Corporation had disbursed loans of Rs.3200 crore to about 40000 industrial units and contributed in investment of about Rs.5000 crore in the state of Uttar Pradesh and helped in employment generation of 821000 persons.

The corporation is presently engaged in implementing various state govt. industrial promotional schemes viz; Audhyogik Nivesh Protsahan Yojana, Infrastructure interest subsidy scheme, capital investment interest subsidy scheme, quality control equipment interest subsidy scheme and contributing an important role towards industrial development of the state.

36. 'Udyog Bandhu' is a/an: [U.P.P.C.S. (Mains) 2003]

Correct Answer: (c) organization to assist industrial units in solving time-bound establishment and investment related problems
Solution:Udyog Bandhu' (now 'Invest UP') is an organization of the State Government of Uttar Pradesh, dedicated to facilitate investment in Industrial and Service Sectors, besides solving various problems of existing & up-coming industries as well, related to different Government departments. It is a registered society focused on attracting in- vestment in the state of Uttar Pradesh.

Proactively contributing in policy formulation for rapid development of infra- structure, manufacturing and service sectors, the organization facilitates resolution of problems of prospective and existing entrepreneurs by providing them advisory services and taking up their issues at the appropriate level in the Government of Uttar Pradesh and other public bodies, institutions and organizations.

37. Which region of the Uttar Pradesh has developed most from the industrial point of view? [U.P.P.C.S. (Spl.) (Pre) 2008]

Correct Answer: (a) Western
Solution:Western region of the Uttar Pradesh has developed most from the industrial point of view. The western region is more urbanized than the rest of the State and has more industrial workers per thousand in registered factories, against rest of the State.                                                                                                                  Western UP, particularly areas like Gautam Buddha Nagar (Noida), Ghaziabad, and Meerut, are close to Delhi, benefiting from its industrial and commercial activity. The region has seen significant development in terms of roads, expressways, and logistics, facilitating industrial growth.

The fertile plains in Western UP are conducive to agriculture, providing a foundation for related industries. Invest UP and other state-level initiatives have further encouraged industrial development in the area.

38. BIFR is related to: [U.P.P.C.S. (Mains) 2002]

Correct Answer: (a) Reconstruction and financing of sick units
Solution:BIFR (Board for Industrial and Financial Reconstruction) was an agency of the Government of India, part of the Department of Financial Services of the Ministry of Finance. It was related to reconstruction and financing of rich units.

Its objective was to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. On 1 December 2016, the Union Government dissolved BIFR and referred all proceedings to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as per provisions of Insolvency and Bankruptcy Code.

39. Mega Food Parks scheme has been initiated by the Government of India with the objectives : [U.P. Lower Sub. (Pre) 2009]

Correct Answer: (a) To improve infrastructure facilities for food processing industries
Solution:The Scheme of Mega Food Park aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximizing value addition, minimizing wastage, increasing farmers' income and creating employment opportunities particularly in rural sector. The Mega Food Park Scheme is based on 'Cluster' approach and envisages creation of state of art support infrastructure in a well- defined agri/horticultural zone for setting up of modern food processing units in the industrial plots provided in the park with well-established supply chain. Mega food park typically consists of supply chain infrastructure including collection centers, primary processing centers, central processing centers, cold chain and around 25-30 fully developed plots for entrepreneurs to set up food processing units. The Mega Food Park Project is implemented by a Special Purpose Vehicle (SPV) which is a corporate body registered under the Companies Act.

40. With what purpose is the Government of India promoting the concept of 'Mega Food Parks'? [I.A.S (Pre) 2011]

1. To provide good infrastructure facilities for the food processing industry.

2. To increase the processing of perishable items and reduce wastage.

3. To provide emerging and eco-friendly food processing technologies to entrepreneurs.

Select the correct answer using the codes given below:

Correct Answer: (b) 1 and 2 only
Solution:The Scheme of Mega Food Park aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximizing value addition, minimizing wastage, increasing farmers' income and creating employment opportunities particularly in rural sector.

The Mega Food Park Scheme is based on 'Cluster' approach and envisages creation of state of art support infrastructure in a well- defined agri/horticultural zone for setting up of modern food processing units in the industrial plots provided in the park with well-established supply chain.

Mega food park typically consists of supply chain infrastructure including collection centers, primary processing centers, central processing centers, cold chain and around 25-30 fully developed plots for entrepreneurs to set up food processing units. The Mega Food Park Project is implemented by a Special Purpose Vehicle (SPV) which is a corporate body registered under the Companies Act.