Industry in India - structure and growth, role of large and small industries, industrial finance, industrial labour problems and policies - One Line Questions

1. The National Manufacturing Policy, 2011, aimed to increase the share of manufacturing in GDP to: — 25%
2. The Industrial Development Bank of India (IDBI) was initially set up as: — A subsidiary of the Reserve Bank of India to provide long-term finance
3. Which of the following is a characteristic of a 'oligopoly' market structure common in some Indian industries? — Few dominant firms with significant interdependence
4. The 'Contract Labour (Regulation and Abolition) Act, 1970' seeks to: — Regulate the employment of contract labor and abolish it in certain circumstances
5. Which of the following is a major challenge for industrial finance in India, particularly for MSMEs? — Lack of collateral and information asymmetry
6. Which sector is often considered the 'engine of growth' for the Indian economy due to its contribution to GDP and employment? — Manufacturing
7. The 'Industrial Workers' (Non-stoppage of work) Act, 1971 aimed to prevent strikes in which type of industries? — Industries of public utility
8. Which factor significantly influences the 'location' of industries in India? — All of the above
9. The concept of 'cluster development' in the context of Indian industries aims to: — Group similar industries together to benefit from shared infrastructure and knowledge
10. The concept of 'industrial corridors' in India is primarily aimed at: — Developing integrated manufacturing and logistics hubs along major transport routes
11. The National Small Industries Corporation (NSIC) primarily provides: — Marketing support, raw material assistance, and financial aid to SMEs
12. What role does the Reserve Bank of India (RBI) play in industrial finance? — Regulating the banking system and influencing credit availability
13. The term 'infant industry argument' primarily relates to the need for protection of new industries from: — Foreign competition
14. The establishment of Special Economic Zones (SEZs) in India aims to boost: — Exports and attract foreign investment
15. The problem of 'industrial pollution' in India is primarily addressed by: — Environmental regulations and pollution control boards
16. The 'Factories Act, 1948' is primarily concerned with: — Health, safety, and welfare of workers in factories
17. The Industrial Disputes Act of 1947 primarily deals with: — The process of resolving industrial disputes and strikes
18. Which of the following is NOT a common source of industrial finance for large Indian companies? — Personal savings of employees
19. What is a significant challenge faced by industrial labour in India? — Low levels of education and skill obsolescence
20. The concept of 'backward integration' in industrial strategy refers to: — Acquiring companies that supply raw materials or components
21. The role of the public sector in Indian industry was historically significant for: — Developing strategic industries and infrastructure
22. Which of the following is a key characteristic of Small Scale Industries (SSIs) in India, as per their definition? — Investment limits on plant and machinery
23. The 'Make in India' campaign is a part of a broader strategy to improve India's ranking in: — Ease of Doing Business
24. Which of the following is a common policy instrument used by the government to support infant industries? — Imposing high import duties
25. The role of Foreign Direct Investment (FDI) in Indian industry is primarily to: — Bring in capital, technology, and management expertise
26. What is a key aspect of 'liberalization' in the Industrial Policy of 1991? — Dismantling of controls and regulations on industrial activity
27. What is a major social implication of industrial growth in India? — Increased rural migration and urbanization
28. What does 'Privatization' in the Industrial Policy of 1991 entail? — Transferring ownership and management of state-owned enterprises to the private sector
29. Which of the following is a measure to improve industrial finance accessibility for MSMEs? — Simplifying loan application procedures and promoting credit guarantee schemes
30. Which of the following is a key policy measure to promote the growth of Small and Medium Enterprises (SMEs) in India? — Providing easier access to credit and technology
31. Which institution was established to provide financial assistance to small-scale industries in India? — Small Industries Development Bank of India (SIDBI)
32. Which industrial policy emphasized the development of small and village industries as a means to achieve economic decentralization? — Industrial Policy Statement, 1977
33. Which policy document formally introduced the concept of 'Disinvestment' in India? — Industrial Policy, 1991
34. What does the term 'industrial sickness' generally refer to in the Indian context? — Industries facing financial losses and operational difficulties for a prolonged period
35. Which of the following is a primary characteristic of a cottage industry? — Production primarily by artisans or families in their homes with minimal capital
36. Which of the following is a characteristic of a 'monopoly' market structure that can affect industrial growth? — A single seller dominating the market with significant pricing power
37. Which of the following is a significant challenge in measuring the contribution of the informal industrial sector in India? — Lack of standardized data collection and registration
38. The 'Make in India' initiative launched in 2014 aims to: — Encourage investment and skill development in manufacturing
39. The 'National Policy for Farmers' also indirectly impacts industrial growth by: — Improving rural incomes which can boost demand for manufactured goods
40. What does the term 'diversification' mean in the context of industrial growth? — Expanding into new product lines or markets
41. Which of the following is a key instrument for industrial finance provided by development financial institutions? — Long-term project finance and term loans
42. The 'Sick Industrial Companies (Special Provisions) Act' was enacted to address: — The revival or rehabilitation of sick industrial units
43. What is a key objective of the 'Startup India' initiative? — To foster innovation and entrepreneurship by creating a supportive ecosystem
44. What was a major objective of the Industrial Policy of 1991? — To liberalize, privatize, and globalize the Indian economy
45. What is a primary objective of promoting MSMEs in India? — To foster entrepreneurship, employment, and inclusive growth
46. What is the primary goal of 'Globalisation' as per the Industrial Policy of 1991? — To integrate the Indian economy with the global economy and encourage foreign investment and trade
47. What is a primary objective of trade unions in India? — To protect and promote the interests of workers
48. The Industrial Policy Resolution of 1956 classified industries into how many categories? — Three
49. The 'Joint Sector' in Indian industry refers to enterprises jointly owned and managed by: — The public sector and private sector
50. Which of the following is a traditional source of finance for small businesses and artisans in India? — Microfinance institutions and informal lenders
All One Line Questions
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