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Test: Government Industrial Undertakings - UPSC MCQ


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20 Questions MCQ Test Famous Books for UPSC Exam (Summary & Tests) - Test: Government Industrial Undertakings

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Test: Government Industrial Undertakings - Question 1

Which of the following best defines a Government Industrial Undertaking?

Detailed Solution for Test: Government Industrial Undertakings - Question 1

A Government Industrial Undertaking refers to a company owned and operated by the government, which is involved in industrial and commercial activities.

Test: Government Industrial Undertakings - Question 2

The concept of Government Industrial Undertakings is primarily aimed at:

Detailed Solution for Test: Government Industrial Undertakings - Question 2

The primary aim of Government Industrial Undertakings is to promote industrial growth, boost economic development, and contribute to the overall welfare of the nation.

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Test: Government Industrial Undertakings - Question 3

Which of the following is an example of a Government Industrial Undertaking in India?

Detailed Solution for Test: Government Industrial Undertakings - Question 3

BHEL is an example of a Government Industrial Undertaking in India, engaged in the manufacturing of heavy electrical equipment.

Test: Government Industrial Undertakings - Question 4

Government Industrial Undertakings are often involved in:

Detailed Solution for Test: Government Industrial Undertakings - Question 4

Government Industrial Undertakings are involved in manufacturing various goods and providing a wide range of services in different sectors.

Test: Government Industrial Undertakings - Question 5

What is the primary source of funding for Government Industrial Undertakings?

Detailed Solution for Test: Government Industrial Undertakings - Question 5

 

Government Industrial Undertakings are funded through budgetary allocations from the government and generate revenue through their operations.

Test: Government Industrial Undertakings - Question 6

Which government body is responsible for overseeing Government Industrial Undertakings in India?

Detailed Solution for Test: Government Industrial Undertakings - Question 6

The Department of Public Enterprises (DPE) is responsible for overseeing the functioning of Government Industrial Undertakings in India.

Test: Government Industrial Undertakings - Question 7

The process of transferring ownership and management of Government Industrial Undertakings to private entities is known as:

Detailed Solution for Test: Government Industrial Undertakings - Question 7

 

Privatization is the process of transferring ownership and management of Government Industrial Undertakings to private entities.

Test: Government Industrial Undertakings - Question 8

What is the main advantage of Government Industrial Undertakings over private enterprises?

Detailed Solution for Test: Government Industrial Undertakings - Question 8

Government Industrial Undertakings often prioritize social welfare and equitable distribution of resources over maximizing profits.

Test: Government Industrial Undertakings - Question 9

In which Five Year Plan was the concept of Government Industrial Undertakings first introduced in India?

Detailed Solution for Test: Government Industrial Undertakings - Question 9

The concept of Government Industrial Undertakings was introduced during the Second Five Year Plan in India.

Test: Government Industrial Undertakings - Question 10

The process of Government Industrial Undertakings borrowing funds from the market by selling bonds is called:

Detailed Solution for Test: Government Industrial Undertakings - Question 10

Government Industrial Undertakings borrow funds from the market by selling bonds, a process known as deficit financing.

Test: Government Industrial Undertakings - Question 11

Which of the following statements is true about Government Industrial Undertakings and Public Sector Units (PSUs)?

Detailed Solution for Test: Government Industrial Undertakings - Question 11

Government Industrial Undertakings are a subset of Public Sector Units (PSUs) as they fall under the broader category of government-owned entities.

Test: Government Industrial Undertakings - Question 12

The policy of disinvestment refers to the government's plan of:

Detailed Solution for Test: Government Industrial Undertakings - Question 12

Disinvestment refers to the government's plan of selling a portion of its ownership in Government Industrial Undertakings to private investors.

Test: Government Industrial Undertakings - Question 13

Which of the following sectors is not commonly associated with Government Industrial Undertakings?

Detailed Solution for Test: Government Industrial Undertakings - Question 13

Government Industrial Undertakings are not commonly associated with the banking and finance sector.

Test: Government Industrial Undertakings - Question 14

The Maharatna, Navratna, and Miniratna are categories associated with:

Detailed Solution for Test: Government Industrial Undertakings - Question 14

Maharatna, Navratna, and Miniratna are categories used to classify Government Industrial Undertakings based on their financial performance and size.

Test: Government Industrial Undertakings - Question 15

What is the role of the Board of Directors in a Government Industrial Undertaking?

Detailed Solution for Test: Government Industrial Undertakings - Question 15

The Board of Directors in a Government Industrial Undertaking is responsible for implementing government policies and guiding the company's operations accordingly.

Test: Government Industrial Undertakings - Question 16

Which constitutional article allows the government to undertake industries and control them for the welfare of the nation?

Detailed Solution for Test: Government Industrial Undertakings - Question 16

Article 39 of the Indian Constitution empowers the government to undertake industries and control them in the interest of the nation's welfare.

Test: Government Industrial Undertakings - Question 17

The main objective of Government Industrial Undertakings is to:

Detailed Solution for Test: Government Industrial Undertakings - Question 17

 

Government Industrial Undertakings aim to generate employment opportunities and contribute to the overall economic development of the country.

Test: Government Industrial Undertakings - Question 18

Which of the following is a successful example of a Government Industrial Undertaking that has excelled in the global market?

Detailed Solution for Test: Government Industrial Undertakings - Question 18

HAL is a successful example of a Government Industrial Undertaking that has excelled in the global aerospace market.

Test: Government Industrial Undertakings - Question 19

The process of converting a Government Industrial Undertaking into a private company is known as:

Detailed Solution for Test: Government Industrial Undertakings - Question 19

Corporatization is the process of converting a government department or entity into a separate corporate body like a Government Industrial Undertaking.

Test: Government Industrial Undertakings - Question 20

Which committee recommended the establishment of Maharatna, Navratna, and Miniratna categories for Government Industrial Undertakings?

Detailed Solution for Test: Government Industrial Undertakings - Question 20

The Rangarajan Committee recommended the establishment of Maharatna, Navratna, and Miniratna categories for Government Industrial Undertakings.

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