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

Answer: (b)

Miniratna public sector enterprises can be a joint venture, set subsidiary company or overseas office but with certain conditions

i.e., Miniratna-I is up to Rs. 500 crore or equal to their net worth, whichever is lower. Miniratna-II: is up to Rs. 300 crore or up to 50% of their net worth, whichever is lower.

Till now there are more than 50 public sector enterprises that have been given Miniratna status by the Indian government.

Answer: (b)

Airport Authority of India (AAI) awarded bids for Ahmedabad, Jaipur, Lucknow, Thiruvananthpuram, Mangaluru and Guwahati in Feb 2019 on a per passenger fee basis.

AAI selected Adani Enterprises for all the six airports as Adani quoted the highest bid (per passenger fee), and now it will have to give the fee to AAI on a per passenger basis depending on how many passengers travel through that airport.

Recently, a new airport in the NCR region, “Yamuna International Airport Private Limited (YIAPL)” was bid out on the same model to Zurich International. The company offered Rs. 400.97 per passenger fee to AAI.

Answer: (c)

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: (a)

Miniratna public sector enterprises can be a joint venture, set subsidiary company or overseas office but with certain conditions

i.e Miniratna-I is up to Rs. 500 crore or equal to their net worth, whichever is lower.

Miniratna-II: is up to Rs. 300 crores or up to 50% of their net worth, whichever is lower.

Till now less than 50 public sector enterprises have been given Miniratna status by the Indian government.

Answer: (d)

Large scale iron and steel production was started in 1907 by TISCO established at Jamshedpur. In 1919, the Indian Iron and Steel Company (IISCO) was established at Burnpur. Both TISCO and IISCO are private sector companies.

The first public sector company was ‘Vishwashwaraiya Iron and Steel Works at Bhadravati’.

Answer: (b)

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 liberalization, the Industrial licensing policy was changed and under the new licensing policy the private players can set up their industrial units without obtaining a license from the government and thus private investment in India increased drastically.