industries manufacturing & service sectors section 3 MCQ Questions & Answers Detailed Explanation

Answer: (d)

Deregulating Indian industry.

Allowing the industry freedom & flexibility in responding to market forces and providing a policy regime that facilitates and fosters the growth of Indian industry.

Answer: (d)

The recent policy initiative of Government of India to promote the growth of manufacturing sector is setting up of National Investment and manufacturing zones, providing the benefit of single window clearance and establishing the technology acquisition and development.

Answer: (a)

The National Renewal Fund (NRF), was set up in February 1992. It aims to provide a social safety net to protect the workers in industrial enterprises from possible adverse consequences of the new economic policy.

Answer: (c)

SEBI has introduced the 'Graded Surveillance Measure' to keep a tab on the securities/shares of those companies which witness an abnormal price rise that is not commensurate with the financial health and fundamentals of the company.

The underlying principle behind the graded surveillance framework is to alert and protect investors trading in a security, which is seeing abnormal price movements. SEBI may put shares of companies under the measure for suspected price rigging.

The main objective of these measures are to;

1. Alert and advise investors to be extra cautious while dealing in these securities and
2. Advise market participants to carry out necessary due diligence while dealing in these securities

It became effective from March 2017

Answer: (c)

Economic liberalisation in India started with substantial changes in Industrial licensing policy.

The LPG Model ( Liberalisation, privatisation & Globalisation) was introduced by Dr Manmohan Singh in 1991 as India was facing problems of depleting reserves. Under liberalisation, the Industrial licensing policy was changed and under the new licensing policy the private players were allowed to set up their industrial units without obtaining License from the government and thus private investment in India increased drastically

Answer: (d)

Tamil Nadu has the highest number of women entrepreneurs with 2930 women equalling to 30.36 %.