UPSC Economics- Industries and Infrastructure Set 1

1.

What is a 'limited company'?

In which shareholders possess the ownership limited to their paid up capital In which shares are issued A company of Government ownership A Registered Company

2.

In India the public sector is the most dominant in

steel production organized term-ending financial institution, transport commercial banking

3.

Tourism industry in India is quite small compared to many other countries in terms of India's potential and size. Which one of the following statements is correct in this regard?

Distances in India are too far apart and its luxury hotels are too expensive for Western tourists. For most of the months India is too hot for Western tourists to feel comfortable. Most of the picturesque resorts in India such as in the northeast and Kashmir are, for all practical purposes, out of bounds. In India, the infrastructure required for attracting tourists is inadequate.

4.

'Level playing field' argument of industries requires

MNCs to be stopped from investing in India. licence for MNCs to be given only in environment friendly technology. domestic industry to be given preference. domestic industry to be treated on par with MNCs.

5.

Which of the following is not an internal factor for industrial sickness?

Mismanagement Power shortage Wrong dividend policy Diversion of funds

6.

The Eastern Dedicated Freight Corridor being built by Indian Railway will connect

Panipat and Allahabad Rajkot and Bhubaneswar Jawaharlal Nehru Port and Tuglakabad Ludhiana and Sonnagar

7.

British colonial authorities did not oppose the setting up of cotton mills in India by local capitalists during the 19th century because

the coast of producing mill cloth in India was higher the first mills set up in India were spinning mills which competed with indigenous hard spinning it was too expensive to transport textiles to U.K. the quality of Indian mill-made cloth was inferior

8.

It is argued that continuation of reservation for Small Scale Industries after import liberalisation is anachronistic because

such reservation does not exist outside India Indian small scale manufacturers have to compete with large scale manufacturers from outside Indian large scale producers cannot compete in outside markets Indian SSI units are inherently inefficient

9.

The Committee on Competition Policy and Law (Raghavan Committee) has recommended the replacement of which of the following institutions?

Securities and Exchanges Board Disinvestment Commission Monopolies and Restrictive Trade Practices Commission Company Law Board

10.

Which of the following can be termed an infrastructural bottleneck in the development of India?s economy?

Existence of a large variety of financial institutions The federal nature of Indian policy The volatility of the Indian rupee Delay in the administration of justice

UPSC Economics- Industries and Infrastructure Set 1

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UPSC Economics- Industries and Infrastructure Set 1

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