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Economics development of Maharashtra - Industrial sector - class-XI

Description: Economics development of Maharashtra - Industrial sector
Number of Questions: 15
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Tags: economics the economy of maharashtra
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What is the full form of MSICDP?

  1. Maharashtra State Invention Cluster Development Programme

  2. Maharashtra State Industrial Cluster Development Programme

  3. Maharashtra State Inventory Cluster Development Programme

  4. Maharashtra State Information Cluster Development Programme


Correct Option: B
Explanation:

MSICDP stands for Maharashtra State Industrial Cluster Development Programme. It ie being implemented all over the state to develop small, medium and micro enterprises.

Which of the following is/are general problem/s in the industrial sector?

  1. Delays in government procedure.

  2. Lack of opportunities for skill development

  3. Lack of updated technology

  4. All of the above


Correct Option: D
Explanation:

General problems  in the industrial sector are-

1) Delays in government procedure- Delay in formation and changing regulations have always haunted manufacturers.complying with new standards isn’t an easy task for manufacturers. More often than not, they’re a burden and thanks to globalization, manufacturers are also forced to deal with regulations that are unique to each territory.
2) Lack of opportunities for skill development- As one generation exits the workforce, it makes way for a new generation of workers. This transition is, in itself, quite a challenge. Manufacturers face the challenge of filling up those positions with equally skilled members from the current generation. However, the new generation of employees is simply not skilled enough, making the challenge even harder to over come. As a result, manufacturers have to develop strategies such as working with the education sector to offer the skills training necessary to fill these positions.
3) Lack of updated technology- As technology evolves, the rate of innovation increases. But, this also means companies have to rush and that can lead to all kinds of temptations. The urge to skip a step or avoid certain tests can be hard to resist when the goal is to market the product as soon as possible.So, innovation management becomes a must in these situations. Preferences change by the day and any delay in delivering appropriate solutions can mean the end of everything.

So, manufacturers have to establish a system that allows for the consistent delivery of new ideas and innovation.  Only this can sustain manufacturing success.

Which sector has the potential to absorb excess labour from the farming sector in Maharashtra?

  1. Pharmaceutical Sector

  2. Industrial Sector

  3. Defence Sector

  4. Service Sector


Correct Option: B
Explanation:

Maharashtra is an industrially advanced state. Industrial sector plays major role in the economic development of Maharashtra. It leads to diversification of markets, generates higher incomes and higher productivity.

What was the inflow of FDI in Maharashtra since, April 2000 to September 2017?

  1. 111760 Crore

  2. 311760 Crore

  3. 411760 Crore

  4. 611760 Crore


Correct Option: D
Explanation:

Maharashtra has been consistently ranked as the number one investment destination in India. The state has remained in the forefront in terms of FDI inflows in the country. The FDI inflows in Maharashtra since April,2000 till September 2017 was 611760 Crore.

Which of the following is an industrially advanced state?

  1. Nagaland

  2. Maharashtra

  3. Manipur

  4. Jammu & Kashmir


Correct Option: B
Explanation:

Maharashtra is an industrially advanced state. Industrial sector plays major role in the economic development of Maharashtra.

What measures have been taken by the Maharashtra Government for Industrial Development?

  1. Single Window cell was initiated to provide all clearances to the existing and prospective investors.

  2. Awards for export performance, space rent subsidies are provided to small scale industries to encourage participation in international exhibitions.

  3. Creation of Special Economic Zone (SEZ) to boost Industrial growth

  4. All of the above


Correct Option: D
Explanation:

Following measures have been taken by the Maharashtra Government for Industrial Development: 

Single Window cell was initiated to provide all clearances to the existing and prospective investors.
Awards for export performance, space rent subsidies are provided to small scale industries to encourage participation in international exhibitions.
Creation of Special Economic Zone (SEZ) to boost Industrial growth.

Maharashtra Industrial Policy-2019 has been launched to make Maharashtra a ______.

  1. Global investment hub

  2. Manufacturing hub

  3. Technology hub

  4. All of the above


Correct Option: D
Explanation:

Maharashtra Industrial Policy-2019 has been launched to make the State global investment, manufacturing and technology hub. 

From 2000 to 2017 Maharashtra received the 50 % of total FDI inflow at all India level.

  1. True

  2. False


Correct Option: B
Explanation:

Maharashtra has been consistently ranked as the number one investment destination in India. The state has remained in the forefront in terms of FDI inflows in the country. The FDI inflows in Maharashtra since April,2000 till September 2017 was 611760 Crore which is 31 % of the total FDI inflow at all India Level.

What is the full form of MAITRI?

  1. Maharashtra Industry, Trade and Investment Facilitation Cell

  2. Maharashtra Infrastructure, Trade and Innovation Facilitation Cell

  3. Maharashtra International, Trade and Innovation Facilitation Cell

  4. Maharashtra Industry, Transparency and Innovation Facilitation Cell


Correct Option: A
Explanation:

MAITRI stands for Maharashtra Industry, Trade and Investment Facilitation Cell. It was introduced to provide online consolidated information about the investment process.

What is the share of Industrial Sector in Net Value Added (NVA) in Maharashtra?

  1. 10 %

  2. 18 %

  3. 28 %

  4. 38 %


Correct Option: B
Explanation:

As per Annual Survey of Industries (ASI) 2016-17, the Industrial Sector of Maharashtra is at top position. The share of industry in the Net Value Added (NVA) is about 18%. Maharashtra has also been the first choice of domestic and foreign investors.

When was MIDC established?

  1. 1952

  2. 1960

  3. 1962

  4. 1965


Correct Option: C
Explanation:

Maharashtra Industrial Development Corporation (MIDC) was established in 1962 as the premier industrial infrastructure development agency of GoM. The main objective is to set up industrial areas for planned and systematic industrial development and to function as a special planning authority in development of industrial areas. MIDC has one of the largest industrial land banks amongst all the Industrial development corporations in India.

Maharashtra State accounts for _______ of the country’s software export.

  1. 5 percent

  2. 10 percent

  3. 15 percent

  4. more than 20 percent


Correct Option: D
Explanation:

Maharashtra State accounts for more than 20 per cent of the countrys software export. In order to promote balanced growth of IT Industry in the State, GoM came up with its IT & ITES Policy. Maharashtra Industrial Development Corporation (MIDC), City and Industrial Development Corporation of Maharashtra Limited (CIDCO) and Software Technology Parks of India have developed 37 public IT parks.

What are main objectives of Maharashtras Logistics Parks Policy 2018?

  1. Make Maharashtra a part of global supply chain

  2. Upgrade from traditional warehousing to fully integrated value added logistics services

  3. Improve overall logistics infrastructure in the State to ensure last mile connectivity

  4. All of the above


Correct Option: D
Explanation:

Logistics is recognised as an international service today, with the potential to trade globally and earn foreign exchange for the country. At present, this sector faces several challenges in terms of non-availability of adequate space, lack of skilled workforce, in-adequate infrastructure in terms of roads, rail, etc. The policy aims to address these challenges. The main objectives of this policy are :

  • Make Maharashtra a part of global supply chain
  • Upgrade from traditional warehousing to fully integrated value added logistics services
  • Improve efficiency and reduction in logistics cost
  • Improve overall logistics infrastructure in the State to ensure last mile connectivity

Maharashtras Logistics Parks Policy 2018 aims to:

  1. Develop logistics clusters in the State

  2. Develop at least 25 integrated multi-modal logistics parks across the State

  3. Promote a minimum of 100 logistics parks

  4. All of the above


Correct Option: D
Explanation:

Maharashtras Logistics Parks Policy 2018 aims to:

  • Develop logistics clusters in the State 
  • Develop at least 25 integrated multi-modal logistics parks across the State 
  • Promote a minimum of 100 logistics parks

What is the vision of Maharashtra State Innovative Start-up Policy 2018?

  1. To create an innovation based economy

  2. To develop entrepreneurial spirit

  3. Both A and B

  4. Neither A nor B


Correct Option: C
Explanation:

Maharashtra State Innovative Start-up Policy 2018 has been formulated with a vision to create an innovation based economy and develop entrepreneurial spirit across the State. 

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