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

Answer: (a)

Under National Infrastructure Pipeline (NIP), Government has a plan to spend around Rs. 102 lakh crores in various infrastructure sectors to achieve the $5 Trillion economy by 2024-25. NIP will cover the period from 2019-20 to 2024-25. To draw up the NIP plan, an inter-ministerial Task Force was set up in September 2019 under the chairmanship of Secretary (DEA), Ministry of Finance.

As per the NIP, Central Government (39 per cent) and State Government (39 per cent) are expected to have equal share in funding of the projects followed by the Private Sector (22 per cent). The funds allocated to some major sectors are Energy (24%), Roads (19%), Urban (16%) and Railways (13%) etc.

Answer: (d)

The main objectives of the establishment of SEZs are:

1. Promotion of exports of goods and services
2. Generation of additional economic activity
3. Promotion of investment from domestic and foreign sources
4. Creation of employment opportunities

Answer: (b)

Malanjkhand Copper Project was established in 1982.

The initial project has been set up by Hindustan Copper Ltd to exploit the copper ore through an open-pit mine.

Answer: (c)

Autonomous bodies are set up whenever it is felt that certain functions need to be discharged outside the governmental set up with some amount of independence and flexibility without day-to-day interference from the governmental machinery.

Answer: (a)

In order to give impetus to hydro power growth in the country and to have a balanced portfolio of power generation, NTPC entered hydro power business with the 800 MW Koldam hydro project in Himachal Pradesh. Two more projects have also been taken up in Uttarakhand.

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.