SSC CGL Economy – Industry & Infrastructure – Level 2 · Exam Level · Tier I Sprint

← Back

SSC CGL Economy – Industry & Infrastructure – Level 2 · Exam Level · Tier I Sprint – 16 questions, subject: Indian Economy. Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.

Get daily current affairs & exam alerts – follow us YouTube WhatsApp Channel Telegram Channel Facebook Page Instagram
Share with friends & study groups
Link to this page from your website / blog (HTML code)
1.  
Statement-basedWhich is/are correct?
I. The Industrial Policy Resolution, 1956 divided industries into three Schedules.
II. The Industrial Policy Resolution, 1948 had a Schedule A of 17 industries.

Correct Answer: A [Only I]

Explanation:

Schedules A, B, C (17, 12, rest) belong to 1956; 1948 had four categories.

2.  
Match the followingMatch the steel plants with the countries that helped build them:
P. Bhilai Q. Rourkela R. Durgapur
1. United Kingdom 2. USSR 3. West Germany

Correct Answer: D [P-2, Q-3, R-1]

Explanation:

Bhilai–Russia, Rourkela–Germany, Durgapur–Britain.

3.  
Assertion–Reason
A: Under HAM the government bears part of the construction cost.
R: In HAM the government pays 40% of the project cost during construction.

Correct Answer: A [Both A and R are true and R explains A]

Explanation:

The 40% payment is exactly the part of the cost the government bears.

4.  
In the new Index of Core Industries (base 2022–23), which industry has the second-highest weight (as on 15 October 2026)?

Correct Answer: C [Refinery products]

Explanation:

PIB, 20 July 2026: electricity 30.932 (highest), refinery products 22.572, steel 17.584.

5.  
How many industries are included in the new Index of Core Industries (base 2022–23) (as on 15 October 2026)?

Correct Answer: B [9]

Explanation:

The number rose from eight to nine (PIB, 20 July 2026).

6.  
Which industry was newly added to the Index of Core Industries in the 2022–23 series?

Correct Answer: C [Iron ore]

Explanation:

Iron ore (weight 4.905) joined the eight older core industries.

7.  
The base year of the new series of the IIP (as on 15 October 2026) is:

Correct Answer: B [2022–23]

Explanation:

MoSPI revised the base from 2011–12 to 2022–23 (first data: April 2026).

8.  
How many products does the new IIP series (base 2022–23) cover?

Correct Answer: D [1,042]

Explanation:

PIB, 1 June 2026: 463 item groups and 1,042 products.

9.  
Under the limits in force from 1 April 2025, a unit with ₹ 1.5 crore in plant and machinery and annual sales of ₹ 60 crore is classified as a:

Correct Answer: A [Small enterprise]

Explanation:

Investment fits Micro, but turnover 60 > 10 (micro limit) and ≤ 100 → Small.

10.  
Under the MSME limits effective from 1 April 2025, a micro enterprise may have investment and turnover up to:

Correct Answer: D [₹ 2.5 crore and ₹ 10 crore]

Explanation:

PIB Year End Review, 30 Dec 2025: micro 2.5 / 10 (earlier 1 / 5).

11.  
Chronological orderArrange in chronological order:
1. Competition Act 2. MRTP Act 3. Insolvency and Bankruptcy Code 4. New Industrial Policy

Correct Answer: A [2, 4, 1, 3]

Explanation:

MRTP 1969 → NIP 1991 → Competition Act 2002 → IBC 2016.

12.  
Odd one outOdd one out (based on who finances construction):

Correct Answer: B [EPC]

Explanation:

In EPC the government pays the full cost; in the other three private money builds the asset.

13.  
Fill in the blankThe 1991 industrial policy kept compulsory licensing for only ___ industries.

Correct Answer: C [18]

Explanation:

18 under licensing; 8 reserved for the public sector.

14.  
True/False drillhow many are true?
(i) The Navratna scheme began in 1997.
(ii) The Kandla EPZ was set up in 1965.
(iii) In the BOO model the asset is transferred to the government.
(iv) A Maharatna must already be a Navratna.

Correct Answer: A [Three]

Explanation:

(iii) is false – BOO has no transfer.

15.  
Data-basedIn the new ICI (base 2022–23), steel has weight 17.584 and cement 4.41. Their combined weight is:

Correct Answer: D [21.994]

Explanation:

Answer: 21.994. 17.584 + 4.41 = 21.994.

16.  
Reverse questionWhich PPP model is abbreviated 'BOOT'?

Correct Answer: B [Build-Own-Operate-Transfer]

Explanation:

Letters follow the project life-cycle: Build, Own, Operate, Transfer.

➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Indian Economy book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-indian-economy

📘 SSC CGL 2026 – Indian Economy (Tier I + Tier II)
Here you get the answer with a one-line explanation. 773 original questions with answer key and explanations · mind-maps, notes, tables and shortcuts · Tier I and Tier II practice sets + 3 mock tests
Get the book – ₹149 ₹299 →
Score: 0 Answered: 0 / 0