Industrial Sector MCQ Quiz - Objective Question with Answer for Industrial Sector - Download Free PDF

The correct answer is Sugar.

Key Points

• In India, there are eight sectors that are considered the core sectors. 
• Electricity, steel, refinery products, crude oil, coal, cement, natural gas, and fertilisers are the Indian economy's eight core industries.
• The eight industries account for 40.27 percent of the Index of Industrial Production (IIP).
• The Index of Industrial Production (IIP) is an index that depicts the growth rates of various industry groupings in the economy over a given time period.
• The Central Statistical Organisation (CSO) calculates and publishes the IIP index on a monthly basis.
• Base Year for IIP is 2011-2012.
• IIP is utilised for policy-making by government agencies such as the Ministry of Finance, the Reserve Bank of India, and others.
• IIP is still very important for calculating GDP (Gross Domestic Product) estimates on a quarterly and advance basis.

The correct answer is 31.

Key Points

• Uttar Pradesh has approved 31 Special Economic Zones in the state.
• It is done to cater to various sectors such as IT/ITeS, textiles, handicrafts, and non-conventional energy.
• IT/ITeS accounts for nearly 74 per cent of the 31 SEZs, followed by multiple products (20 per cent), textile/handicrafts (3 per cent), and non-conventional energy(3 per cent).

Sector-wise break up of approved SEZs in Uttar Pradesh​ (as of Feb 2022)

The correct answer is Tertiary Sector.

Key Points

• The primary sector is concerned with the extraction of raw materials from the Earth, such as agriculture, forestry, fishing, and mining.
• The secondary sector is concerned with the processing of raw materials into finished goods, such as manufacturing, construction, and energy.
• The tertiary sector is concerned with the provision of services, such as transportation, communication, education, and healthcare.
• Internet cafes, ATM booths, and call centres are all examples of businesses that provide services.
• Therefore, they are all part of the tertiary sector.

Additional Information

The correct answer is the Tertiary sector.

Important Points

  The tertiary sector activities help in the development of the primary and secondary sectors.

• These activities, by themselves, do not produce good but they are an aid or support for the production process.
• For example, goods that are produced in the primary or secondary sector would need to be transported by trucks or trains and then sold in wholesale and retail shops.
• At times, it may be necessary to store these in godowns. We also may need to talk to others over the telephone or send letters (communication) or borrow money from banks (banking) to help production and trade.
• Transport, storage, communication, banking, trade are some examples of tertiary activities.
• Since these activities generate services rather than goods, the tertiary sector is also called the service sector. 

Additional Information

The three-sector theory was developed by Allan Fisher, Colin Clark, and Jean Fourastié

The correct answer is Agriculture.

Important Points 

• The primary sector of the economy is related to agriculture.
• The primary sector is also called 'agriculture and related sector'.
• The primary sector is related to the extraction and harvesting of natural products.
• The primary sector consists of agriculture, dairy, fishing, forestry.

Additional Information 

• The secondary sector is also called the manufacturing sector.
• The tertiary sector is well known as the service sector.
  • The goods that are produced in the primary or secondary sector are transported and then sold in wholesale and retail shops through the tertiary sector.
  • Services based on information technology such as an internet cafe, ATM booths, call centers, and software companies are coming under the tertiary sector.

The correct answer is Option 2

Mahatma Gandhi National Rural Employment Guarantee Act

Key Points

• MGNREGA is one of the largest work guarantee programmes in the world which was launched in 2005. 
• The primary objective of the scheme is to guarantee 100 days of employment in every financial year.
• Unlike earlier employment guarantee schemes, MGNREGA aims at addressing the causes of chronic poverty through a rights-based framework.

Additional Information 

The correct answer is Mining, metallurgical operations and pharmaceuticals.

Key Points

• The eight core industries included are- Coal, Crude oil, Natural Gas, Petroleum refinery products, Fertilizer, Cement, Steel, and Electricity generation.
• These are called core industries because of their likely impact on general economic activity as well as their industrial activity.
• These eight industries comprise 40.27% of the weight of the items included in the Index of Industrial Production.
• The weight of all these sectors is as follows:

  Sl. no.	Industry	Percentage
  1	Petroleum Refinery	28.04
  2	Electricity Generation	19.85
  3	Steel	17.92
  4	Coal	10.33
  5	Natural Gas	8.98
  6	Crude Oil Production	6.88
  7	Cement	5.37
  8	Fertilizers	2.63

The correct answer is Public 

 Key Points

• The general definition of the public sector includes government ownership or control rather than mere function and thereby includes, for example, the exercise of public authority or the implementation of public policy. 
• PSUs (Public Sector Undertakings) are government-owned corporations in India, in which 51% or more than 51% of the paid-up share capital is owned by the government of India.
• However, it can be only the central government or only state government of any state or central government with any state government or state governments.

 Important PointsPublic Sector undertakings (PSU) can be classified into three following categories:

• Central public-sector Enterprises (CPSEs) – Companies that are under the direct control of the Central Government or of other CPSEs by 51% or more than 51% of capital share ownership.
• Central Public-Sector Enterprises (CPSEs) are further classified into Strategic CPSE and Non-strategic CPSE.
• Strategic Central Public-sector Enterprises (CPSEs) which includes the Arms & Ammunition and the defense equipment’s, defense aircraft and other items related to Defense, and in the field of atomic energy and Railways transport.
• The rest of the CPSEs are regarded as Non-strategic CPSE.
• Public Sector banks (PSBs) – Banks that are under the direct control of the Central Government or of other PSBs by 51% or more than 51% of capital share ownership.
• State Level Public Enterprises (SLPEs) – Companies that are under the direct control of the State Government or other SLPEs by 51% or more than 51% of capital share ownership.

The correct answer is September 2014.

• The Make in India program aims to convert India to a self-reliant country and to give the Indian economy global recognition.
• The Make in India program was started on 25^th September 2014.
• It was launched by the prime minister of India Narendra Modi.
• It was launched during the 12^th five-year planning in India.
• The Make in India is organized by the government of India.
• The main objectives of the Make in India program are:
  • Enforcement of secondary and tertiary sectors in India.
  • Manufacturing of products in India and sell the products worldwide.
  • Creating job opportunities for more than 10 million people.
  • Boosting of India's GDP, trade, and economic growth.

The correct answer is Agriculture.

Important Points 

• The primary sector of the economy is related to agriculture.
• The primary sector is also called 'agriculture and related sector'.
• The primary sector is related to the extraction and harvesting of natural products.
• The primary sector consists of agriculture, dairy, fishing, forestry.

Additional Information 

• The secondary sector is also called the manufacturing sector.
• The tertiary sector is well known as the service sector.
  • The goods that are produced in the primary or secondary sector are transported and then sold in wholesale and retail shops through the tertiary sector.
  • Services based on information technology such as an internet cafe, ATM booths, call centers, and software companies are coming under the tertiary sector.

None of the above is the correct answer.

Key Points

• The ultimate aim of MII is to transform India into global design and manufacturing hub.
• Department of Promotion of Industry and Internal Trade under Ministry of Commerce and Industry is the nodal agency for its implementation.
• It was launched on 25th September, 2014.
• Objectives of MII are as follows-
  • Raise manufacturing sector growth to 12-14 % per year.
  • Create 100 million additional jobs in manufacturing sector by 2022.
  • Increase in the manufacturing sector’s share in the GDP to 25% by 2022.
  • Rise in domestic value addition and technological depth in manufacturing sector.

The correct answer is Tertiary Sector.

Key Points

• The primary sector is concerned with the extraction of raw materials from the Earth, such as agriculture, forestry, fishing, and mining.
• The secondary sector is concerned with the processing of raw materials into finished goods, such as manufacturing, construction, and energy.
• The tertiary sector is concerned with the provision of services, such as transportation, communication, education, and healthcare.
• Internet cafes, ATM booths, and call centres are all examples of businesses that provide services.
• Therefore, they are all part of the tertiary sector.

Additional Information

The correct answer is Jamshedpur.

Important Points

• The first steel plant in India was set up in India at Jamshedpur.
  • It was established by Jamsedji Nusserwanji Tata in 1907.
• Jamshedpur is an industrial city in Jharkhand. 
  • Jamshedpur is the first planned industrial city in India.
  • The city was founded by Jamsetji Tata.
  • The city is also called Tatanagar.
  • The construction of the first steel plant as well as the city officially began in 1908.
  • Tata Steel is the largest industry in Jamshedpur.

Additional Information

• Jamsedji Nusserwanji Tata is popularly called the "Father of Indian Industry".
• Tata Iron and Steel Company Limited (TISCO) is considered the first iron and steel industry in India.
• Steel Authority of India(SAIL) is the authority that controls all steel plants under the public sector in India.
• India became the second top steel producer in 2019 by replacing Japan.
• Bokaro Steel Plant is the fourth integrated public sector steel plant in India built with the help of Russia.
• Rourkela Steel Plant is the first integrated steel plant in the public sector in India built with the help of West Germany.
• Visvesvaraya Iron and Steel Plant (VISL) is located in the city of Bhadravathi in Karnataka.

Image of all the steel production all over in India:

The correct answer is 1948.

Key Points

• The first industrial policy statement of India is known as Industrial Policy Resolution.
• It was announced in the year 1948.
• It defined the role of the State in industrial development both as an entrepreneur and authority.
• Industrial Policy Resolution,1948 states that India is going to have a Mixed Economic Model.
• The Industries (Development and Regula­tion) Act was passed in 1951.
• It was passed to implement the Industrial Policy Resolution, 1948.

Additional Information

• India’s Industrial Policy classified industries into four broad areas:​
  • Strategic Industries (Public Sector) -  It included in its ambit the manufacture of arms and ammunition, production and control of atomic energy and the ownership and management of railway transport. These industries became the exclusive monopoly of the Central government of India. 
  • Basic/Key Industries (Public-cum-Private Sector) - This included coal, iron and steel, aircraft manufacture, shipbuilding, manufacture of telephone, telegraphs and wireless apparatus, and mineral oils. New undertakings in this category could be started only by the state government.
  • Important Industries (Controlled Private Sector) - This included industries of basic importance like machine tools, chemicals, fertilizers, non-ferrous metals, rubber manufacturers, cement, paper, newsprint, automobiles, electric engineering, etc. for which the Central Government would feel necessary to plan and regulate.
  • Other Industries (Private and Cooperative Sector) - It included those industries which were left open to the private sector, individual as well as cooperative.

The correct answer is 3.

Key Points

• Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian parliament in April 1956.
• It was the second comprehensive statement on the industrial development of India after the Industrial Policy of 1948.
•  The 1956 policy continued to constitute the basic economic policy for a long time.
• This fact has been confirmed in all the Five-Year Plans of India.
• According to this resolution, the objective of the social and economic policy in India was the establishment of a socialistic pattern of society.
• It provided more powers to the governmental machinery.
• It laid down three categories of industries which were more sharply defined. These categories were:
  • Schedule A: those industries which were to be an exclusive responsibility of the state.
  • Schedule B: those which were to be progressively state-owned and in which the state would generally set up new enterprises, but in which private enterprise would be expected only to supplement the effort of the state; and
  • Schedule C: all the remaining industries and their future development would, in general be left to the initiative and enterprise of the private sector.