Tag: urbanisation

Questions Related to urbanisation

Which of the following is the best estimate of the percentage of population dependent on agriculture at the time of independence and in 2004-05 respectively?

  1. 72% and 54%

  2. 54% and 72%

  3. 54% and 54%

  4. 72% and 72%


Correct Option: A

Under the New Industrial Policy 1991, the system of phased manufacturing programme approved on case to case basis -

  1. Approved on case to case basis will not be applicable to new projects

  2. Will be applicable to new projects

  3. Will be applicable to new projects costing more than Rs 10 Crores

  4. None of the above


Correct Option: A

Under the New Industrial Policy 1991, the Mandatory Convertibility Clause -

  1. Is applicable for all term loans

  2. Is applicable for term loans of more than 10 years

  3. Is applicable for term loans of less than 10 years

  4. Is no longer applicable


Correct Option: D

Which of the following statement is correct?

  1. Excise duty is levied on sales Volume.

  2. Custom duties have been drastically cut down since 1991

  3. VAT has been adopted by Two-Three states in India

  4. Agriculture contributes the maximum to the direct tax revenues in India.


Correct Option: B

One major proposal of new industrial policy (1991) was ..

  1. Impose restriction on technical know-how for one year

  2. All types of industries have been made licensed

  3. NRI's will not be allowed for capital investment in India

  4. Facility of direct foreign investment up to 51% High priority industries


Correct Option: D

The industrial sector depends on the agricultural sector because _________.

  1. the agriculture sector provides food and other products for the consumption purposes of industrial sector.

  2. the agriculture sector provides raw materials for the development of a agro-based industries of the economy.

  3. the agricultural sector provides market for the industrial products.

  4. all of the above


Correct Option: D
Explanation:

The industrial sector depends on the agricultural sector because agriculture sector provides food and other products for the consumption purposes of industrial sector as well as provides raw materials for the development of agro-based industries of the economy and provides market for industrial products.

Which of the following does not relate to the New Industrial Policy, 1991?

  1. Abolition of Industrial Licensing

  2. Encouragement for Foreign Direct Investment

  3. Reservation of all industries for Public Sector

  4. Procedural Simplifications


Correct Option: C

Which of the following statements is correct with regards to the industrial sector in India?

  1. A large number of industries face under utilization of production capacity.

  2. The incremental capital-output ratio has been falling over the planning period.

  3. In terms of regions, industrial development is quite balanced.

  4. None of the above


Correct Option: A
Explanation:

The correct statement is that a large number of industries face under utilization of production capacity. Others are incorrect because the incremental capital-output ratio has been increasing over the planning period and region-wise industrial development is quite imbalanced.

Abolition of Licensing and Encouragement of Private Sector Participation are both parts of -

  1. Industrial Reforms in India

  2. External Sector Reforms in India

  3. Land Reforms in India

  4. Banking Reforms in India


Correct Option: A

Abolition of Intermediaries and Tenancy Reforms are both parts of -

  1. Industrial Reforms in India

  2. External Sector Reforms in India

  3. Land Reforms in India

  4. Banking Reforms in India


Correct Option: C