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Industry and Infrastructure 03
Question
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Q1. Which company established the oil refinery at Bhatinda?
A.
BPCL
B.
Reliance
C.
IOC
D.
HPCL
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
The Guru Gobind Singh Refinery at Bhatinda was established as a joint venture with HPCL.
Q2. Which state is estimated to have the largest coal reserves in India?
A.
Bihar
B.
Jharkhand
C.
Madhya Pradesh
D.
Orissa
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
Jharkhand accounts for more than 25% of India's total coal reserves.
Q3. The Board of Industrial and Financial Reconstruction (BIFR) started in
A.
1984
B.
1986
C.
1987
D.
1989
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
BIFR was set up under the Sick Industrial Companies Act to determine the viability of 'sick' units.
Q4. To which sector is maximum weightage assigned in the Index of Industrial Production (IIP)?
A.
Manufacturing
B.
Mining
C.
Electricity
D.
All are equal
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
Manufacturing is the dominant component of the IIP, accounting for over 75% of the total weight.
Q5. Which item would not appear in a company’s balance sheet?
A.
Raw materials
B.
Total issued capital
C.
Revenue from sales
D.
Cash held at bank
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
Sales revenue is part of the Income Statement (Profit & Loss), while the Balance Sheet lists assets and liabilities.
Q6. National forest policy aims at maintaining how much geographical area under forests?
A.
Half
B.
One-third
C.
One-fourth
D.
One-fifth
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The policy recommends that 33% (one-third) of the land area should be under forest cover.
Q7. Approach of industrial policy 1984-1985 envisage?
A.
Growth
B.
Welfare
C.
Income
D.
Employment
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
The 1980s reforms focused on enhancing growth through technological upgradation and efficiency.
Q8. Where was the luxury train ‘Golden Chariot’ launched?
A.
Karnataka
B.
Himachal Pradesh
C.
Tamil Nadu
D.
Andhra Pradesh
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
The Golden Chariot is a luxury tourist train that operates in the Southern region, mainly Karnataka.
Q9. In which among the following years, the MRTP act became effective?
A.
1970
B.
1965
C.
1980
D.
1982
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
The Monopolies and Restrictive Trade Practices Act was passed in 1969 and became effective in June 1970.
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