Tag: subsidies, industrial policy and trade policy

Questions Related to subsidies, industrial policy and trade policy

Which of the following licenses were required by industries? 

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. To establish an industrial unit

  2. To expand production

  3. To get tax benefits

  4. All of the above

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Correct Option: D

Which of the following could be a reason for promotion of small scale industries? 

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. Economy prospers when it has only small scale industries

  2. Today's small scale industries are tomorrows large scale industries

  3. Large scale industries ruin small scale industries

  4. None of the above

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Correct Option: B

When was serious thought given to promote exports in India?

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. 1985

  2. 1990

  3. 1970

  4. 1975

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Correct Option: A

How did the industrial policy promote regional equity? 

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. The policy failed to improve regional equality.

  2. Government kept industries under strict control

  3. Industries were adapting to the market mechanism

  4. Private sector and state shared equal control over industies

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Correct Option: B

How many categories did the resolution classify the industry into?

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. Two categories

  2. Four categories

  3. No categories

  4. Three categories

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Correct Option: D

State a protectionism technique used by the government to promote small scale industries. 

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. Quotas

  2. Tariffs

  3. Reserving production of few products to small scale industries only

  4. All of the above

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Correct Option: D

_______ is free from location restriction as per new industrial policy.

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. Small scale sector unit

  2. Public sector units

  3. Polluting units

  4. Extraction industries

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Correct Option: A

New Industrial policy was declared in ________.

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. 1990

  2. 1991

  3. 2001

  4. 2002

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Correct Option: B

Other than small sector unit, how can one produce items reserved for small scale sector subject to ________.

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. complying with reservation of jobs scheme announced by the Central Government of India

  2. owning a backward village for development.

  3. obtaining industrial license and undertaking to meet 50% export obligation.

  4. contributing 10% profit toward environmental protection fund.

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Correct Option: C

As per New Industrial Policy of India, exemption from Industrial licensing is given except _______.

organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

  1. for industries reserved for public sector

  2. for industries reserved for small scale sector

  3. for industries attracting local restrictions.

  4. All the three

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Correct Option: D