Indian Economy PYQ – Industrial Policy and Industrial Development
← Back
The Dutt Committee (Industrial Licensing Policy Inquiry Committee, 1967, chaired by Subimal Dutt) examined the working of licensing policy in India.
₹299 →
Indian Economy PYQ – Industrial Policy and Industrial Development – 29 questions, subject: 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.
Fisheries Dept. 2023 · AAO & AHO 2024
The Government of India declared its first Industrial Policy onCorrect Answer: B [6 April 1948]
Explanation:
India's first Industrial Policy Resolution was announced on 6 April 1948, laying the foundation of the mixed economy.
2.
JSO 2023
The Industrial Policy Resolution 1956 was adopted in order to achieve the aim ofCorrect Answer: B [Socialism]
Explanation:
The Industrial Policy Resolution 1956 gave the public sector a leading role to achieve the socialistic pattern of society adopted by Parliament in 1954.
3.
Bursar 2023
According to Jawaharlal Nehru, the development of ______ is important for rapid economic development.Correct Answer: B [Heavy industries]
Explanation:
Nehru held that heavy industries were vital for rapid economic development, and the Second Plan prioritised heavy and basic industries.
4.
CEGS 2024
Who among the following presented the wage-goods strategy of growth model?Correct Answer: D [C.N. Vakil and P.R. Brahmananda]
Explanation:
The wage-goods strategy, an alternative to Mahalanobis's heavy industry model, was presented by C.N. Vakil and P.R. Brahmananda, stressing food and cloth production for employment.
5.
GSASO 2020
The Liberalisation, Privatisation and Globalisation (LPG) model of development was introduced in the yearCorrect Answer: D [1991]
Explanation:
The LPG model of liberalisation, privatisation and globalisation was introduced in 1991, after the foreign exchange crisis, under Narasimha Rao and Manmohan Singh.
6.
Research Asst. (Animal Husbandry) 2023
The New Industrial Policy 1991 concentrated on(i) Liberalisation
(ii) Privatisation
(iii) Globalisation
Correct Answer: D [(i), (ii) and (iii)]
Explanation:
The New Industrial Policy 1991 stressed liberalisation (licence abolition), privatisation (disinvestment of public sector) and globalisation (foreign investment and technology), so all three apply.
7.
VAS AHGS 2020 · Group 1 2022
Which of the following measures have been taken to attain the aims of the New Industrial Policy (1991)?(1) Industrial licensing
(2) Foreign investment
(3) Foreign trade policy
(4) Public sector management
Correct Answer: C [(1), (2) and (4) only]
Explanation:
The 1991 industrial policy covered industrial licensing, foreign investment, foreign technology agreements and public sector policy, while foreign trade policy is a separate policy.
8.
ARGS 2020
Match List I with List II :(a) MRTP – 1. Maintenance of foreign exchange
(b) FEMA – 2. Promotion of industrial peace
(c) Industrial Disputes Act – 3. Control of unfair trade practices
(d) Wealth Tax – 4. Reducing the concentration of economic power
Correct Answer: D [3 1 2 4]
Explanation:
MRTP Act controls monopolies and restrictive trade practices, FEMA manages foreign exchange, and the Industrial Disputes Act promotes industrial peace, giving 3 1 2 4.
9.
ADGS 2021
The objectives of National Manufacturing Policy are to1. Create 100 million additional jobs in the manufacturing sector by 2022
2. Increase the share of manufacturing in GDP
3. Increase domestic value addition and technological depth in manufacturing
4. Enhance global competitiveness of Indian manufacturing
Correct Answer: D [1, 2, 3 and 4]
Explanation:
The National Manufacturing Policy 2011 targets 12-14% manufacturing growth, a 25% GDP share by 2022, 100 million extra jobs and global competitiveness, so all four are objectives.
10.
EO (HR&CE) 2022
Which of the following statements are correct?1. The National Manufacturing Policy was released by the Government in 2011.
2. Its policy is to increase manufacturing sector growth to 12–14 per cent over the medium term.
3. Creating 75 million additional jobs in the manufacturing sector by 2022.
4. Increasing the share of manufacturing in GDP to 25 per cent by 2022.
Correct Answer: C [1, 2 and 4]
Explanation:
The National Manufacturing Policy of 2011 targets 100 million additional jobs, not 75 million, so statements 1, 2 and 4 are correct.
11.
ADGS 2021
The aim of "Make in India" scheme is toCorrect Answer: B [Invite both domestic and foreign investors to invest in India]
Explanation:
Make in India aims to invite domestic and foreign investors to invest in India, boost manufacturing, create jobs and make India a global manufacturing hub.
12.
CBT 2022
The date of launch of the programme "Make in India"Correct Answer: C [September 25, 2014]
Explanation:
Prime Minister Narendra Modi launched the Make in India programme on 25 September 2014.
13.
Jailor 2022
The "Digital India" initiative was launched in the yearCorrect Answer: D [2015]
Explanation:
Digital India was launched on 1 July 2015 to provide digital infrastructure, on-demand government services and digital empowerment to citizens.
14.
EO (HR&CE) 2022
Consider the following statements :1. A micro enterprise, where the investment in machinery does not exceed one crore rupees
2. A small enterprise, where the investment in machinery does not exceed ten crore rupees
3. A medium enterprise, where the investment in machinery does not exceed fifty crore rupees
4. A micro enterprise, where the investment in machinery does not exceed two crore rupees
Which are correct?
Correct Answer: C [1, 2 and 3]
Explanation:
Under the definition effective 1 July 2020, a micro enterprise has investment up to Rs 1 crore, a small enterprise up to Rs 10 crore and a medium enterprise up to Rs 50 crore.
15.
CBT 2022
Which of the following schemes was introduced by the Government of India to ensure old age protection for unorganised workers?Correct Answer: B [Prime Minister's Shram Yogi Maan-Dhan Yojana]
Explanation:
The Pradhan Mantri Shram Yogi Maan-Dhan Yojana (2019) gives unorganised workers an assured pension of Rs 3,000 a month after age 60.
16.
Veterinary Asst. 2023 · Bursar 2023
The President of the Council of Scientific and Industrial Research (CSIR) isCorrect Answer: C [Prime Minister]
Explanation:
The Prime Minister is the ex-officio President of the Council of Scientific and Industrial Research (CSIR), set up in 1942.
17.
Health Officer 2023
Which one of the following pairs is not matched correctly?Correct Answer: B [STRIVE – Ministry of MSME]
Explanation:
STRIVE is a World Bank-assisted scheme of the Ministry of Skill Development and Entrepreneurship for ITI improvement, not of the Ministry of MSME, so that pair is wrong.
18.
Fisheries Dept. 2023
The Export and Import Policy was introduced in the yearCorrect Answer: C [1985]
Explanation:
India's first Export and Import Policy, covering 1985-88, was introduced in 1985; since 2004 it is called the Foreign Trade Policy.
19.
DEO 2023
Which of the following is/are correctly matched?1. Minimum Wages Act – 1949
2. National Textile Policy – 2000
3. Steel Authority of India Limited – 1968
4. Workmen's Compensation Act – 1923
Correct Answer: D [2 and 4]
Explanation:
The National Textile Policy dates from 2000 and the Workmen's Compensation Act from 1923, while the Minimum Wages Act is 1948 and SAIL was set up in 1973, so only 2 and 4 are correct.
20.
DEO 2023
______ is not the main objective of Special Economic Zones.Correct Answer: D [Reduction of income inequality]
Explanation:
Special Economic Zones aim at promoting exports, investment, employment and infrastructure, but reducing income inequality is not their main objective.
21.
Special Competitive Exam 2025
The first ever Export Processing Zone (EPZ) in Asia was set up by the Government of India at ______ in 1965.Correct Answer: C [Kandla]
Explanation:
India set up Asia's first Export Processing Zone at Kandla in Gujarat in 1965.
22.
EO Gr. I (HR&CE) 2024
Which one is not a public sector undertaking?Correct Answer: B [TISCO]
Explanation:
TISCO (now Tata Steel, founded 1907) is a private company, whereas NLC, SAIL and BSNL are central public sector undertakings.
23.
EO Gr. I (HR&CE) 2024
"Bengal Iron Works" company in West Bengal was started in the year ______Correct Answer: C [1870]
Explanation:
The Bengal Iron Works at Kulti in West Bengal was started in the 1870s as an early modern iron industry venture.
24.
Group 4 2024
The first modern jute mill was established at ______ in West Bengal in 1855.Correct Answer: D [Rishra]
Explanation:
George Auckland set up the first modern jute mill at Rishra on the Hooghly river in West Bengal in 1855.
25.
Asst. Public Prosecutor Gr. II 2026
Match the companies with their headquarters :(a) Southern Petrochemical Industries Corporation Limited – 1. Mumbai
(b) Haldia Petrochemicals Limited – 2. New Delhi
(c) Indian Oil Corporation – 3. West Bengal
(d) National Organic Chemical Industries Limited – 4. Chennai
Correct Answer: B [4 3 2 1]
Explanation:
SPIC is headquartered in Chennai, Haldia Petrochemicals in Kolkata, IOC in New Delhi and NOCIL in Mumbai, giving 4 3 2 1.
26.
Group 2A Mains (Re-exam) 2026
Match the following schemes and years :(a) MSMED Act – 1. 2015
(b) PMMY – 2. 2006
(c) PMEGP – 3. 2010
(d) MDA – 4. 2008
Correct Answer: A [2 1 4 3]
Explanation:
The MSMED Act was passed in 2006, PMMY (Mudra) in 2015 and PMEGP in 2008, giving 2 1 4 3.
27.
CTS (ITI Posts) 2025
Choose the correct matches :(1) Primary sector – Fishing
(2) Secondary sector – Education, medical and public health
(3) Tertiary sector – Trade, hotels and restaurants
(4) Community, social and personal services – Transport, communication
Correct Answer: B [(1) and (3) are correct]
Explanation:
Fishing is a primary sector activity and trade and hotels are tertiary; education, health and public health are services (tertiary), not secondary.
28.
Group 2A Mains (Re-exam) 2026
The Union Government unveiled the Green Credit Programme inCorrect Answer: B [October 2023]
Explanation:
The Environment Ministry notified the Green Credit Rules on 12 October 2023, launching the Green Credit Programme for tree planting, water management and similar actions.
29.
CEGS 2022
The working of licencing policy in India under the committee ofCorrect Answer: D [Dutt Committee]
Explanation:
The Dutt Committee (Industrial Licensing Policy Inquiry Committee, 1967, chaired by Subimal Dutt) examined the working of licensing policy in India.
? Full explanations with tables – Indian Economy PYQ book (₹149): www.shanmugamiasacademy.in/study-materials/tnpsc-indian-economy-pyq
📘 இந்தியப் பொருளாதாரம் — முந்தைய ஆண்டு வினா – விடை – விளக்கம் (2020 – 2026)
Here you get the answer with a one-line explanation. 474 வினாக்கள் தமிழ் + ஆங்கிலத்தில் · சரிபார்க்கப்பட்ட விடை + விளக்கம் · 46 அட்டவணைகள் & குறிப்புகள் · 25 பகுதிகள் · 2020 – 2026 TNPSC தேர்வுகள்
Get the book – ₹149 More quizzes
› Indian Economy PYQ – Miscellaneous
› Indian Economy PYQ – International Organisations
› Indian Economy PYQ – Human Development Index
› Indian Economy PYQ – Health
› Indian Economy PYQ – Education
› Indian Economy PYQ – Employment
Score: 0
Answered: 0 / 0
