Industrial Sector (Part – V)

Total Questions: 32

21. Rajasthan State Industrial Development and Investment Corporation (RIICO) has signed a MOU with a Japanese company for establishment of Japanese units Neemrana Industrial Area. That Japanese company is: [R.A.S./R.T.S.(Pre) 2010]

Correct Answer: (a) Jetro
Solution:Rajasthan State Industrial Development and Investment Corporation (RIICO) signed an MoU with the Japanese External Trade Organization (JETRO) in July, 2008 to attract more investment by Japanese companies.

Key points about the MoU:

  • To facilitate the entry of more Japanese companies into Rajasthan, particularly the Neemrana Industrial Area.
  • Increased investment, job creation, and potential for business alliances between Japanese and Indian companies.
  • The MoU was seen as a positive step towards improving the economic relationship between India and Japan, particularly in the context of the Delhi-Mumbai Industrial Corridor (DMIC).

22. In the States of India, the State Finance Corporations have given assistance mainly to develop: [Uttarakhand U.D.A./L.D.A. (Mains) 2007]

Correct Answer: (d) Medium and Small Scale Industry
Solution:The Central Industrial Finance Corporation was established under the Industrial Finance Corporation Act, 1948 for the purpose of providing medium and long-term loans to industrial undertakings that remain outside the normal activities of commercial banks.

The desire of the State Governments was that similar corporations should be formed in the States so that the work of Industrial Finance Corporation can be supplemented.

The intention is that the State Corporations will restrict their activities to the financing of medium and small scale industries and, as far as possible, will consider only such proposals which are outside the purview of the Central Industrial Finance Corporation. Thus, option (d) is the correct answer.

23. Which one of the following pairs (industry and industrialist) is not properly matched? [Chhattisgarh P.C.S (Pre) 2008]

List IList II
(a) RelianceMukesh Ambani
(b) WiproR. Krishnamurthy
(c) AirtelBharati Mittal
(d) Nano carRatan Tata.
Correct Answer: (b)
Solution:Wipro Limited is a leading global information technology, consulting and business process services company. Wipro's founder chairman is Azim Premji. Rishad Premji took over as chairman of Wipro in 2019. All other pairs are correctly matched.

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles.

Bharti Airtel, a major Indian telecom provider. They are involved in submarine cable infrastructure, satellite internet partnerships (like with SpaceX's Starlink), and ongoing investments in network expansion and 5G rollout.

The Tata Nano, also known as the "People's Car", was a compact, affordable car launched by Tata Motors in 2008, aiming to provide a low-cost transportation option for Indian masses. Its initial price of Rs 1 lakh made it the world's cheapest car.

24. 'e-Biz' refer to: [U.P.P.C.S. (Pre) 2016]

Correct Answer: (d) single window for approach to government services
Solution:'e-Biz' portal refer to single window for approach to government services. As part of Government's initiative to improve the business environment and the case of doing business in the country, Ministry of Commerce and Industry launched the e-Biz portal on 28.01.2013 comprising License and Permit Information Services Component.

It serves as online system for providing efficient and convenient Government-to- Business (G2B) services to the business community in India.

25. E-Commerce means: [Uttarakhand U.D.A./L.D.A (Mains) 2003]

Correct Answer: (c) Trade on Internet
Solution:E-commerce (Electronic Commerce) is the activity of electronically buying or selling of products over the internet. It is conducted through computers, tablets, smartphones and other smart devices.

E-commerce draws on technologies such as mobile commerce, electronic fund transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data collection systems.

E-commerce operates in four market segments, including business-to-business, business-to-consumer, consumer-to- consumer, and consumer-to-business.

26. Which dimension of e-commerce enables commerce beyond the boundaries of the country? [M.P.P.C.S. (Pre) 2022]

Correct Answer: (c) Global reach
Solution:The dimension of e-commerce that enables commerce beyond the boundaries of the country is known as global reach. Global reach in e-commerce refers to the ability of businesses to engage in commerce activities beyond the geographical boundaries of their own country. It is defined as a business initiative to elevate the access between a company and customers through the internet.

27. Which one of the following is largest e-commerce company of India? [U.P. Lower Sub. (Pre) 2015]

Correct Answer: (c) M-junction
Solution:M-junction service limited is a 50: 50 venture promoted by SAIL and TATA steel. M-junction was founded in February 2001, it is today not only India's largest e-commerce company, but also runs the world's largest e-marketplace for steel.

M-junction has radically transformed the steel and coal supply chain in India by ushering in efficiency, transparency and convenience to the way steel and coal are bought and sold.

According to Flipkart, today Flipkart is India's largest online marketplace and one of India's leading technology powerhouses which pioneered the way India shops online. UPPSC had given option (a) i.e. Flipkart as the answer of this question.

28. Assertion (A) : Information technology is fast becoming a very important field of activity in India. [I.A.S (Pre) 1999]

Reason (R): Software is one of the major exports of the country and India has a very strong base in hardware.

Correct Answer: (c) A is true, but R is false
Solution:Assertion is true as information technology has been a fast growing and important sector in Indian economy in recent decades. As far as reason is concerned, its first part is true as software is one of the major exports of India, but its second part is false because India has not a very strong base in hardware.

29. Which among the following is the largest software company in India? [U.P.P.C.S. (Pre) 2011]

Correct Answer: (b) TCS
Solution:Tata Consultancy Services (TCS) is an IT services, consulting, and business solutions organization. TCS has been partnering with major businesses for over 56 years, helping them transform through consulting-led, innovation-driven services.

The company focuses on enabling businesses to become "perpetually adaptive enterprises" by leveraging technology to stay ahead in a rapidly changing digital landscape. TCS has a large global presence with over 600,000 consultants and a presence in 55 countries.

TCS provides a range of IT solutions and consulting services to help businesses transform their operations. The company helps businesses navigate the digital landscape by implementing new technologies and strategies. TCS offers a variety of business solutions to optimize processes and drive efficiency.

TCS has specialized teams and solutions for various industries, including banking, healthcare, and retail. TCS is a pioneer in the application of new technologies, such as Al and machine learning, to drive business value.

30. Which of the following statement related to automobile sector is not correct? [Raj. P.C.S. (Pre) 2023]

Correct Answer: (a) It generated direct and indirect employment of 5.3 crore at the end of 2021.
Solution:As per the Economic Survey 2022-23, the automobile sector is a key driver of India's economic growth. In 2021, India was the largest manufacturer of two-wheeler and three-wheeler vehicles and the world's fourth-largest manufacturer of passenger cars.

This sector contributes 7.1 percent to the India's overall GDP and 49 percent to the manufacturing GDP while generating direct and indirect employment of 3.7 crore at the end of 2021. Hence, statement of option (a) is incorrect while other three statements are correct.