industries manufacturing & service sectors section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (d)

The correctly matched pairs are :

• Mundra SEZ — Adani Group,
• CMC Ltd. — Tata Group
• IPCL — Reliance Group.
• Then, Bharti is associated with Airtel.

Answer: (c)

Answer: (a)

"Invest India" is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India. Invest India is set up as a nonprofit venture under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industries, Government of India.

Invest India is transforming the country’s investment climate by simplifying the business environment for investors. Its experts, specializing across different countries, Indian states and sectors, handhold investors through their investment lifecycle from investment to after-care.

Invest India’s specialists provide multiple forms of support such as market entry strategies, deep dive industry analysis, partner search and location assessment, and policy advocacy with decision-makers.

Answer: (d)

Ashok Leyland, 2nd largest commercial vehicle manufacturer in India is a Hinduja Group company.

Hindalco is the world’s largest aluminium rolling company belonging to A.V. Birla.

Suzlon Energy Limited is an Indian multinational wind power company based in Pune.

Answer: (a)

Indian Railway Catering and Tourism Corporation (IRCTC), was a 100% Government of India Company (PSU) till October 2019, under the administrative control of the Ministry of Railway. (Every PSU is attached to a specific ministry).

IRCTC was not listed on any stock exchange, which means it was privately held by Govt. of India. (Privately held does not mean a private company. It means that no one can purchase its shares from the stock market i.e. it is not listed).

But government brought in Initial Public Offering (IPO) of IRCTC in October 2019 and listed it on the Bombay stock exchange and reduced its ownership from 100% to 87.5%. So, Govt. of India did disinvestment of IRCTC which is in a general reduction of ownership but it is still majority-owned by Govt. of India

Till now "Ministry of Railway (Govt. of India)" is running (operating) the trains. But in future, the government is planning to bring private players in operating/running the trains. TEJAS train from Delhi to Lucknow and Mumbai to Ahmedabad are now run/operated by IRCTC (a PSU) rather than by the Ministry of Railway (Govt. of India).

So, basically, earlier Govt. of India (Ministry of Railway) was running the trains but now the TEJAS train operations are being given to a “body corporate” i.e. IRCTC.

So, it is basically an experiment by the Govt. to run trains by a separate entity (IRCTC) but it is a step/experiment in the direction of bringing in private players in trains running/operations. In future, from IRCTC, the operations may be given to private entities and other trains will also be given to private players for running/operation.

The media quoted that TEJAS is the first private train and bla...bla.....(which is not true). TEJAS is not being run by private operators but by a PSU, IRCTC. But definitely, this will pave the way for private players in train running/operation in future. Private players will pay some charge to the Ministry of Railway for using the rail infrastructure.

The railway is going through its biggest reform since independence as proposed by the "Bibek Debroy Committee". As per the committee’s suggestions, The Indian Railway will be separated into:

1. Railway Infrastructure Corporation (RIC), and
2. Indian Railway Trains (IRT)

As IRTs are public service providers of railway transport services, there must be private trains also running on the infrastructure provided by RIC.

So basically, on RIC infrastructure both Govt trains (IRTs) and private trains will run. Since both govt. and private trains will be running, it will require a "Regulatory Body", whose role will not be merely to set tariffs, but also to ensure fair competition (such as access to track) between IRTs (govt trains) and private train operators.

So, the idea is that the Railway ministry will set up a broad policy and the Regulator will implement the principles of competition determined by that policy and the present Railway Board will become a corporate Board for just the IRTs.