Test: Indian Industries & Trade - UPSC MCQ

• 1973: Coal Mines Nationalization Act- Coal India and other CPSEs took over private coal mining companies.They will dig coal, sell it to thermal power plants & other industries. (Indira Gandhi was PM at that time.) So, #1 is right. Answer could be A or D.
• 2015: Coal Mines Special Provision Act: It opens up commercial coal mining for both private and public entities, and thus ends the monopoly of Coal India. Presently, coal blocks are allotted on the basis of auction. #2 is wrong. Thus Answer A: 1 only.

First statement is right as per ICAR report. If we look at the budget documents of last three year, Government does impose custom duty on imported edible oils, so, #2 is a hyperbole wrong statement.

Mrunal's Lecture BoP#3: at 24th minute

• RCEP about ASEAN plus its free trade partners which includes: China, India, Japan, Korea, Australia and NewZealan(d)
• Canada (#2) and USA (#6) is definitely not there, so A, B and D are remove(d) Thus by elimination, we are left with answer (C)

GI indicators fall under WTO domain so D is the answer.

Both statements are correct, as per their organization's about us page.

(i) Items 1, 2 and 4 are the mandatory information to the manufacturer to put these on the main label as per FSS(packaging & labeling) regulations 2011.
(ii) According to official notification

In order to boost ‘Make in India’ campaign, first national investment and manufacturing zone to come up in Andhra Pradesh. The state assured the Centre of availability of 10 sq km of land in one place in Prakasham district.

The labour Bureau brings out "consumer price index numbers" for industrial workers.

Electricity generation (weight: 10.32%) increased by 3.5% in July, 2015. Its cumulative index during April to July, 2015-16 increased by 2.0 % over the corresponding period of previous year.

The coal found in India is mainly of non-coking quality and hence coking coal has to be imported. 70% of the steel produced today uses coal. Coking coal is a vital ingredient in the steel making process.

The current account consists of the balance of trade and balance of invisibles.

Disguised unemployment is a situation  when people do not have productive full-time employment, but are not counted in the official unemployment statistics.

Thermal power plants use water to turn into steam (heat energy) to generate electricity (electrical energy).

The Balance of Payments(BoPs) accounts are an accounting record of all monetary transactions between country and the rest of the world. These transactions include payment for the country’s exports and imports of goods, services, financial capitals and financial transfers. The balance of payments can show if a country has a deficit or surplus.

2nd and 3rd are correct statements.