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APPSC (Andhra Pradesh) Exam  >  APPSC (Andhra Pradesh) Tests  >  Test: Trade and Commerce - APPSC (Andhra Pradesh) MCQ

Test: Trade and Commerce - APPSC (Andhra Pradesh) MCQ


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15 Questions MCQ Test - Test: Trade and Commerce

Test: Trade and Commerce for APPSC (Andhra Pradesh) 2024 is part of APPSC (Andhra Pradesh) preparation. The Test: Trade and Commerce questions and answers have been prepared according to the APPSC (Andhra Pradesh) exam syllabus.The Test: Trade and Commerce MCQs are made for APPSC (Andhra Pradesh) 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Trade and Commerce below.
Solutions of Test: Trade and Commerce questions in English are available as part of our course for APPSC (Andhra Pradesh) & Test: Trade and Commerce solutions in Hindi for APPSC (Andhra Pradesh) course. Download more important topics, notes, lectures and mock test series for APPSC (Andhra Pradesh) Exam by signing up for free. Attempt Test: Trade and Commerce | 15 questions in 15 minutes | Mock test for APPSC (Andhra Pradesh) preparation | Free important questions MCQ to study for APPSC (Andhra Pradesh) Exam | Download free PDF with solutions
Test: Trade and Commerce - Question 1
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What was the average annual growth rate of Andhra Pradesh's Gross State Domestic Product (GSDP) between 2004-05 and 2015-16?

Detailed Solution for Test: Trade and Commerce - Question 1
Andhra Pradesh's Gross State Domestic Product (GSDP) grew at an average rate of 10.67% annually between 2004-05 and 2015-16. This significant growth rate indicates the state's economic development and progress during this period.
Test: Trade and Commerce - Question 2
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How much Foreign Direct Investment (FDI) flowed into Andhra Pradesh between April 2000 and March 2016?

Detailed Solution for Test: Trade and Commerce - Question 2
Foreign Direct Investment (FDI) inflows into Andhra Pradesh amounted to US$ 11.57 billion between April 2000 and March 2016. This substantial investment played a crucial role in supporting the state's economic growth and development by bringing in external capital and expertise.
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Test: Trade and Commerce - Question 3
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What was the total budget allocated by the Government of Andhra Pradesh for the fiscal year 2016-17?

Detailed Solution for Test: Trade and Commerce - Question 3
The Government of Andhra Pradesh allocated a budget of US$ 20.72 billion for the fiscal year 2016-17. This budget allocation reflects the state's prioritization of key sectors such as education, irrigation, health, and energy for development and growth.
Test: Trade and Commerce - Question 4
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What is the primary reason behind the prevalence of coal-based power plants in Seemandhra?
Detailed Solution for Test: Trade and Commerce - Question 4
Coal-based power plants are prevalent in Seemandhra primarily due to their proximity to ports. This location advantage facilitates the transportation of coal, a key fuel for these power plants, leading to efficient operations and cost-effective power generation.
Test: Trade and Commerce - Question 5
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Which sector did Andhra Pradesh introduce separate policies for promoting growth?
Detailed Solution for Test: Trade and Commerce - Question 5
Andhra Pradesh introduced separate policies for promoting the growth of the solar power sector. This strategic initiative aimed to boost the development of solar energy infrastructure, incentivize investments, and drive the adoption of sustainable energy practices in the state.
Test: Trade and Commerce - Question 6
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What significant contribution does Andhra Pradesh make to the nation's marine exports?
Detailed Solution for Test: Trade and Commerce - Question 6
Andhra Pradesh contributes over 20% to the nation's total marine exports through the production of saline water shrimps and freshwater prawns. The state's thriving aquaculture industry, supported by its extensive coastline, plays a crucial role in meeting domestic and international demand for high-quality seafood products.
Test: Trade and Commerce - Question 7
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Which crops are commonly cultivated in Andhra Pradesh due to its favorable climatic and soil conditions?
Detailed Solution for Test: Trade and Commerce - Question 7
Andhra Pradesh's favorable climatic and soil conditions support the cultivation of crops like rice and sorghum. These staple crops thrive in the region, contributing significantly to the state's agricultural output and food security.
Test: Trade and Commerce - Question 8
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What is a key sector in Andhra Pradesh that aims to capture a significant market share in India's IoT industry by 2020?
Detailed Solution for Test: Trade and Commerce - Question 8
The Information Technology and IoT sector in Andhra Pradesh has introduced a new Internet of Things (IoT) policy with the aim of capturing a significant market share in India's IoT industry by 2020. This policy reflects the state's commitment to technological advancement and innovation in this particular sector.
Test: Trade and Commerce - Question 9
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Which industry does Andhra Pradesh rank second in terms of exports, contributing 30% to India's total pharmaceutical exports?
Detailed Solution for Test: Trade and Commerce - Question 9
Andhra Pradesh ranks second in pharmaceutical exports, contributing 30% to India's total pharmaceutical exports. This significant contribution underscores the state's strength and impact in the pharmaceutical industry on a national level.
Test: Trade and Commerce - Question 10
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What is a key strategy employed by Andhra Pradesh to attract investments across various industries?
Detailed Solution for Test: Trade and Commerce - Question 10
Andhra Pradesh has been at the forefront of developing sector-specific policies and establishing industrial clusters and infrastructure such as biotech parks, textile parks, and hardware parks. These strategies are crucial in attracting investments across various industries and fostering economic growth in the state.
Test: Trade and Commerce - Question 11
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Which sector in Andhra Pradesh offers abundant natural resources, policy incentives, and infrastructure conducive to investments in various industries?
Detailed Solution for Test: Trade and Commerce - Question 11
The state of Andhra Pradesh offers abundant natural resources, policy incentives, and infrastructure conducive to investments in sectors like pharmaceuticals, biotechnology, IT and IT-enabled services (ITeS), mining, minerals, textiles, leather, and tourism. This makes it an attractive destination for investors looking to capitalize on diverse economic opportunities within the state.
Test: Trade and Commerce - Question 12
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What is the primary responsibility of the Department of Industries and Commerce in Andhra Pradesh?
Detailed Solution for Test: Trade and Commerce - Question 12
The Department of Industries and Commerce in Andhra Pradesh is primarily responsible for facilitating industrial development, particularly focusing on small-scale industries. It designs and implements various schemes to promote industrial growth in the state, aiming to support and enhance the industrial sector.
Test: Trade and Commerce - Question 13
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Why are coal-based power plants predominantly located in Seemandhra, Andhra Pradesh?
Detailed Solution for Test: Trade and Commerce - Question 13
Coal-based power plants are predominantly located in Seemandhra, Andhra Pradesh, due to the proximity to ports, especially the Visakhapatnam port. This proximity to ports facilitates the transportation of coal, making it a strategic location choice for coal-based power projects in the region.
Test: Trade and Commerce - Question 14
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How does the government support the Leather Industry in Andhra Pradesh?
Detailed Solution for Test: Trade and Commerce - Question 14
The government supports the Leather Industry in Andhra Pradesh by providing financial assistance in the form of investment grants. Small Scale Industries (SSI) receive assistance amounting to 30.0% of the plant and machinery cost, while other units receive 20.0%, with a maximum limit set for technology upgrades or expansions.
Test: Trade and Commerce - Question 15
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What is one of the key services provided to struggling small industrial units to help them recover and thrive again?
Detailed Solution for Test: Trade and Commerce - Question 15
Struggling small industrial units are often provided with marketing support to help them enhance their visibility, reach wider audiences, and ultimately boost their sales and profitability. This assistance can include strategies such as digital marketing campaigns, participation in trade fairs, or guidance on branding to revitalize the unit's operations and competitiveness.
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