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SSC CGL Exam  >  SSC CGL Tests  >  SSC CGL Tier 2 - Study Material, Online Tests, Previous Year  >  Test: Industry -1 - SSC CGL MCQ

Test: Industry -1 - SSC CGL MCQ


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10 Questions MCQ Test SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - Test: Industry -1

Test: Industry -1 for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation. The Test: Industry -1 questions and answers have been prepared according to the SSC CGL exam syllabus.The Test: Industry -1 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Industry -1 below.
Solutions of Test: Industry -1 questions in English are available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Test: Industry -1 solutions in Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free. Attempt Test: Industry -1 | 10 questions in 10 minutes | Mock test for SSC CGL preparation | Free important questions MCQ to study SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL Exam | Download free PDF with solutions
Test: Industry -1 - Question 1
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Understand the concept of the industrial sector. What is the primary characteristic that distinguishes the industrial sector from other sectors of the economy?

Detailed Solution for Test: Industry -1 - Question 1
The industrial sector is characterized by providing goods and services that are sold to other businesses rather than directly to consumers. This dependence on business-to-business transactions sets it apart from sectors focused on consumer goods. This structure makes the industrial sector highly influenced by supply and demand in other sectors.
Test: Industry -1 - Question 2
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Which Industrial Policy Resolution (1948, 1956, 1980, 1985 & 1986, or 1991) emphasized the dominance of heavy industries and laid the foundation for the development of the Public Sector and license raj?

Detailed Solution for Test: Industry -1 - Question 2
The Industrial Policy Resolution of 1956 emphasized the dominance of heavy industries based on the Mahalanobis Model. It played a crucial role in shaping India's economic policies by laying the foundation for the Public Sector and the license raj system.
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Test: Industry -1 - Question 3
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What was the primary focus of the Industrial Policy Resolution of 1980?

Detailed Solution for Test: Industry -1 - Question 3
The Industrial Policy Resolution of 1980 aimed to raise the efficiency of the public sector and reverse the trend of industrial production. It also expressed faith in the Monopolies and Restrictive Trade Practices (MRTP) Act and the Foreign Exchange Regulation Act (FERA).
Test: Industry -1 - Question 4
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Which government policies in 1985 and 1986 aimed to diversify and open the Indian market, loosening foreign investment rules?
Detailed Solution for Test: Industry -1 - Question 4
The government policies in 1985 and 1986 aimed to diversify and open the Indian market. They played a pivotal role in liberalizing foreign investment rules and simplifying the industrial licensing process.
Test: Industry -1 - Question 5
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What was the objective of the New Industrial Policy, 1991?
Detailed Solution for Test: Industry -1 - Question 5
The New Industrial Policy, 1991 aimed to correct distortions in India's industrial structure, enhance efficiency, and accelerate industrial growth. It reduced the number of industries reserved for the public sector and abolished industrial licensing for most industries.
Test: Industry -1 - Question 6
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Define disinvestment. What are the two types of disinvestment mentioned in the text?
Detailed Solution for Test: Industry -1 - Question 6
Disinvestment involves selling or liquidating assets or subsidiaries. The two types of disinvestment mentioned are Majority Disinvestment and Minority Disinvestment.
Test: Industry -1 - Question 7
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What is the current focus of the government's disinvestment policy under Atmanirbhar Bharat?
Detailed Solution for Test: Industry -1 - Question 7
The current focus of the government's disinvestment policy under Atmanirbhar Bharat is to decrease its presence in Public Sector Enterprises (PSEs) across all sectors of the economy.
Test: Industry -1 - Question 8
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What role does the MSME sector play in the Indian economy?
Detailed Solution for Test: Industry -1 - Question 8
The MSME sector contributes 45% to overall exports, forms the core of the manufacturing GDP, and provides employment to around 120 million persons.
Test: Industry -1 - Question 9
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What does the Ease of Doing Business index measure, and how has India performed in recent years according to this index?
Detailed Solution for Test: Industry -1 - Question 9
The Ease of Doing Business index measures the ease of doing business in a country. India's ranking has improved, as evidenced by its leap from 142nd in 2014 to 63rd in 2019.
Test: Industry -1 - Question 10
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What is the primary objective of the Make in India initiative?
Detailed Solution for Test: Industry -1 - Question 10
The primary objective of the Make in India initiative is to encourage companies to develop, manufacture, and assemble products in India, promoting domestic manufacturing investments. This initiative is led by the Department for Promotion of Industry and Internal Trade (DPIIT).
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Industry -1 MCQs with Answers

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