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Test: Industrial Policy - APPSC (Andhra Pradesh) MCQ


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10 Questions MCQ Test - Test: Industrial Policy

Test: Industrial Policy for APPSC (Andhra Pradesh) 2024 is part of APPSC (Andhra Pradesh) preparation. The Test: Industrial Policy questions and answers have been prepared according to the APPSC (Andhra Pradesh) exam syllabus.The Test: Industrial Policy MCQs are made for APPSC (Andhra Pradesh) 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Industrial Policy below.
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Test: Industrial Policy - Question 1

What is the primary goal of the Andhra Pradesh Industrial Development Policy, 2015-20?

Detailed Solution for Test: Industrial Policy - Question 1
The primary goal of the Andhra Pradesh Industrial Development Policy, 2015-20 is to boost manufacturing and create modern infrastructure. By doing so, the government aims to attract investors, promote industrial growth, and generate employment opportunities in the region.
Test: Industrial Policy - Question 2

What aspect does the Andhra Pradesh government emphasize in its industrial policy for sustainable growth?

Detailed Solution for Test: Industrial Policy - Question 2
The Andhra Pradesh government emphasizes sustainable industrial growth with a focus on capacity building. This approach aims to ensure that industrial development in the region is not only environmentally friendly but also contributes to the long-term economic and social well-being of the state.
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Test: Industrial Policy - Question 3

What type of financial incentives are available for investors establishing industries in Andhra Pradesh under the Industrial Policy 2015?

Detailed Solution for Test: Industrial Policy - Question 3
Investors establishing industries in Andhra Pradesh under the Industrial Policy 2015 are eligible for various financial incentives. One of these incentives includes a partial reimbursement of net VAT/CST or SGST for up to 7 years from the start of commercial production or until 100% of fixed capital investment is realized, whichever comes first.
Test: Industrial Policy - Question 4
What specific fiscal benefits are acknowledged by the state government in Andhra Pradesh to enhance the competitiveness of local businesses?
Detailed Solution for Test: Industrial Policy - Question 4
The state government in Andhra Pradesh acknowledges the importance of sector-specific fiscal benefits to enhance the competitiveness of local businesses. One of the specific benefits mentioned is the reimbursement of stamp duty and transfer duty for industrial land purchases, which can help reduce the initial financial burden on businesses looking to set up operations in the state.
Test: Industrial Policy - Question 5
According to the Andhra Pradesh Innovation & Start-up Policy, what specific goal was set to be achieved by June 30, 2019, in terms of incubation spaces?
Detailed Solution for Test: Industrial Policy - Question 5
The Andhra Pradesh Innovation & Start-up Policy aimed to develop 1 million sq ft of Incubation Space by June 30, 2019, to support and nurture the growth of startups and innovative ventures. Incubation spaces play a crucial role in providing infrastructure and support for emerging businesses to thrive and succeed.
Test: Industrial Policy - Question 6
What is the main objective of the Visakhapatnam-Chennai Industrial Corridor (VCIC)?
Detailed Solution for Test: Industrial Policy - Question 6
The main objective of the Visakhapatnam-Chennai Industrial Corridor (VCIC) is to support the Government of Andhra Pradesh (GoAP) in boosting industrial growth and generating high-quality employment opportunities. This corridor aims to drive industrial development and create job opportunities in the region, contributing to the overall economic growth of Andhra Pradesh.
Test: Industrial Policy - Question 7
Which geographic regions does the Visakhapatnam-Chennai Industrial Corridor (VCIC) connect?
Detailed Solution for Test: Industrial Policy - Question 7
The Visakhapatnam-Chennai Industrial Corridor (VCIC) establishes a link between India and the Association of Southeast Asian Nations (ASEAN) and East Asian economies. This strategic connection positions the corridor as a key player in fostering economic ties and trade relationships between India and these vital regions, contributing to regional economic integration and cooperation.
Test: Industrial Policy - Question 8
What is the primary focus of the Government of India (GOI) in its strategic development plans related to industrial corridors and urban hubs?
Detailed Solution for Test: Industrial Policy - Question 8
The Government of India (GOI) is concentrating on building industrial corridors of global standards to expand the manufacturing and services sectors while creating modern urban hubs linked by advanced infrastructure. This strategic focus aims to boost economic growth and development by establishing high-quality industrial infrastructure that can attract investment and facilitate efficient production and distribution networks.
Test: Industrial Policy - Question 9
What role has the Asian Development Bank (ADB) been assigned by the Government of India (GOI) in the development of the Eastern Coastal Economic Corridor (ECEC)?
Detailed Solution for Test: Industrial Policy - Question 9
The Asian Development Bank (ADB) has been chosen by the Government of India (GOI) as the primary partner for developing the Eastern Coastal Economic Corridor (ECEC) that stretches from Kolkata to Kanyakumari. ADB's role in shaping the Visakhapatnam-Chennai Industrial Corridor (VCIC) has been crucial in identifying the necessary infrastructure and institutional investments required to foster manufacturing-driven growth along this strategic corridor. This partnership reflects the commitment to enhancing economic development, promoting industrial growth, and improving connectivity in the region.
Test: Industrial Policy - Question 10
Where are the National Investment and Manufacturing Zones (NIMZs) planned to be established in Andhra Pradesh?
Detailed Solution for Test: Industrial Policy - Question 10
The National Investment and Manufacturing Zones (NIMZs) in Andhra Pradesh are set to be established in two locations - one in Yerpedu, Chittoor district, and the other in Kanigiri, Prakasam District. These NIMZs are envisioned as advanced industrial cities with significant land areas allocated for industrial growth and job creation.
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