industries manufacturing & service sectors section 9 MCQ Questions & Answers Detailed Explanation

Answer: (d)

The first notable attempt in the steel industry in India was made in 1874 when the Bengal Iron Works (BIW) came into being at Kulti, near Asansol in West Bengal.

The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh was set up with the help of the USSR in 1955.

SAIL Rourkela Steel Plant (RSP), located in Rourkela, Odisha is the first integrated steel plant in the public sector in India, was set up with German collaboration with an installed capacity of 1 million tonnes in the 60s.

Bokaro Steel Plant is located in the Bokaro district of Jharkhand. It is the fourth integrated public sector steel plant in India built with Soviet help in 1972.

Answer: (a)

On 27 January 2005, the Government had decided to constitute a ‘National Investment Fund’ (NIF) into which realization from the sale of minority shareholding of the Government in CPSEs would be channelised.

This fund is managed by professionals and a part of it is used for use in the social sector – like education, health care and employment.

Answer: (b)

Prof. Tendulkar’s pioneering contribution was his extensive work on poverty and the estimation of people below the poverty line (BPL).

A committee was formed by the government of India in 2009, with Tendulkar as Chairman to 'report on methodology of estimation of poverty'.

In 2009, this committee came out with a new method to calculate poverty.

Answer: (b)

Answer: (a)

Disinvestment is a process in which off-loading of government shares is done to private companies. A company or government organization will divest an asset or subsidiary as a strategic move for the company, planning to put the proceeds from the divestiture to better use that garners a higher return on investment.

Answer: (c)

The Planning Commission fixed the baseline of poverty per capita for rural areas using the Tendulkar methodology at Rs. 816 per capita per month and Rs. 1,000 per capita per month in urban areas.