Industrial Sector (Part – V)

Total Questions: 32

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

(a) India has 80 percent market share of global vaccine manufacturing.
(b) India is the largest provider of generic medicines globally.
(c) India is ranked 14th worldwide in the production of pharma products by value.
(d) India is ranked 3rd worldwide in the production of pharma products by volume.

Correct Answer: (a) India has 80 percent market share of global vaccine manufacturing.

Solution:As per the Economic Survey 2022-23, the Indian pharmaceuticals industry plays a prominent role in the global pharmaceuticals industry. India is ranked 3rd worldwide in the production of pharma products by volume and 14th by value. The sector is the largest provider of generic medicines globally, occupying a 20 percent share in global supply by volume, and is also the leading vaccine manufacturer globally with a market share of 60 percent. Hence, statement of option (a) is incorrect while other three statements are correct.

32. What is/are the purpose/purposes of 'District Mineral Foundations' in India? [I.A.S (Pre) 2016]

1. Promoting mineral exploration activities in mineral-rich districts.

2. Protecting the interests of the persons affected by mining operations.

3. Authorizing state Governments to issue licenses for mineral exploration.

Select the correct answer using the code given below:

(a) 1 and 2 only
(b) 2 only
(c) 1 and 2 only
(d) 1, 2 and 3

Correct Answer: (b) 2 only

Solution:District Mineral Foundation (DMF) is a trust set up as a non-profit body, in those districts affected by the mining works, to work for the interest and benefit of persons and areas affected by mining related operations. It is funded through the contributions from miners. Its manner of operation comes under the jurisdiction of the relevant State Government.

Setting up of District Mineral Foundations (DMFs) in all districts in the country affected by mining related operations was mandated through the Mines and Minerals (Development & Regulation) Amendment Act, 2015. On 16 September 2015, Central Government issued a notification directing States to set up DMF.

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Industrial Sector (Part – V)

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

32. What is/are the purpose/purposes of 'District Mineral Foundations' in India? [I.A.S (Pre) 2016]

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