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B Com Exam  >  B Com Test  >  Business Environment  >  Test: Industrial Policies - 2 - B Com MCQ

Industrial Policies - 2 - Free MCQ Practice Test with solutions, B Com


MCQ Practice Test & Solutions: Test: Industrial Policies - 2 (10 Questions)

You can prepare effectively for B Com Business Environment with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Industrial Policies - 2". These 10 questions have been designed by the experts with the latest curriculum of B Com 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Industrial Policies - 2 - Question 1
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What is the main objective of Special Economic Zones (SEZs) in India?

Detailed Solution: Question 1

The main objective of SEZs in India is to enhance foreign investment and provide a competitive environment for exports while promoting domestic enterprises and manufacturers to be globally competitive.

Test: Industrial Policies - 2 - Question 2
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What drawback does the SEZ Bill have in India?

Detailed Solution: Question 2

The SEZ Bill in India has a drawback due to the omission of key provisions that would have relaxed rigid labour rules. This omission has lessened India's chance of emulating the success of the Chinese SEZ model through foreign direct investment (FDI) in export-oriented manufacturing.

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Test: Industrial Policies - 2 - Question 3
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What role do state governments play in the establishment of SEZs in India?

Detailed Solution: Question 3

State governments have a major role to play in the establishment of SEZs in India. They are consulted and need to ensure the supply of basic inputs like water and electricity before recommending proposals to the central government.

Test: Industrial Policies - 2 - Question 4
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Which legislation gave SEZs the authority to offer tax breaks to foreign investors in India?

Detailed Solution: Question 4

The SEZ Act, '05, gave SEZs the legal framework to provide tax breaks to foreign investors in India.

Test: Industrial Policies - 2 - Question 5
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What is the purpose of SEBI (Securities Exchange Board of India)?

Detailed Solution: Question 5

The purpose of SEBI is to regulate stock exchange activities, protect the interests of investors, prevent fraudulent practices, and promote fair conduct in the securities market.

Test: Industrial Policies - 2 - Question 6
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What is the main objective of protective functions performed by SEBI?

Detailed Solution: Question 6

The main objective of the protective functions performed by SEBI is to protect the interests of investors and provide safety to their investments in the securities market.

Test: Industrial Policies - 2 - Question 7
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What is the primary role of the two advisory committees formed by SEBI?

Detailed Solution: Question 7

The primary role of the two advisory committees formed by SEBI is to advise SEBI on various matters related to regulation, development of stock exchanges, disclosure requirements, and more.

Test: Industrial Policies - 2 - Question 8
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Which department heads the SEBI head office and its branch offices?

Detailed Solution: Question 8

The SEBI head office and its branch offices are headed by Executive Directors who lead various departments.

Test: Industrial Policies - 2 - Question 9
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What is the primary purpose of SEZs in a country's economy?

Detailed Solution: Question 9

SEZs play a key role in promoting economic development in a country by attracting foreign investments, encouraging exports, and creating a competitive business environment.

Test: Industrial Policies - 2 - Question 10
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What is the significance of SEBI in the Indian stock market?

Detailed Solution: Question 10

SEBI plays a significant role in the Indian stock market by regulating stock exchange activities, protecting investor interests, and ensuring fair and transparent practices in the securities market.

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About this B Com Practice Test

This test contains 10 MCQs on Industrial Policies - 2 with detailed solutions for each question. It is part of the Business Environment course on EduRev, designed to align with the current B Com syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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