Industrial Clusters in Tamil Nadu 10th Social Science Lesson 19 Questions in English

10th Social Science Lesson 19 Questions in English

19] Industrial Clusters in Tamil Nadu

1. Any human activity which is engaged in the conversion of raw materials into readily usable materials is called ______

1. Industry
2. Product
3. Marketing
4. Market

Explanation

Generally, “any human activity which is engaged in the conversion of raw materials into readily usable materials is called an industry”.

2. Which of the following statement is Incorrect

1. The share of agriculture in an economy’s income and employment decreases with development
2. First, demand for food remains constant with regard to income. Therefore, as an economy grows and incomes increase, consumers tend to spend a lesser share of their income on products from the agricultural sector.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

The share of agriculture in an economy’s income and employment decreases with development. First, demand for food remains constant with regard to income. Therefore, as an economy grows and incomes increase, consumers tend to spend a lesser share of their income on products from the agricultural sector.

3. Which of the following statement is incorrect

1. Food products are taken over longer distances, processed and branded. As a result, the prices that farmers get tend to be more compared to the prices at which consumers buy.
2. If labour productivity in the agricultural Sector cannot increase much. Wages too cannot therefore increase and as a result poverty levels may remain high.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Food products are taken over longer distances, processed and branded. This also requires that food products have to be preserved. As a result, the prices that farmers get tend to be much less compared to the prices at which consumers buy.

4. Which of the following is not the benefit of industrialisation brings to economy

1. Even agriculture requires inputs from industry such as fertilisers and tractors to increase productivity.
2. Market exists for both producers and consumer goods. Even services like banking, transport and trade are dependent on production of industrial goods.
3. By using modern methods of production, industries contribute to better productivity but higher cost of production of all goods produced
4. Only 3
5. Both 1 and 2
6. Only 2
7. Both 1 and 3

Explanation

By using modern methods of production, industries contribute to better productivity and hence lower cost of production of all goods produced. It therefore helps people to buy goods at a cheaper rate and help create demand for more products.

5. Which of the following statement is correct

1. Through expansion of industrial production, industrialisation helps to increase the labour force in agriculture. Employment generation is therefore an important objective of industrialisation.
2. Through use of modern techniques, industrialisation contributes to learning of such methods and their improvement. As a result, labour productivity, ie, output per unit of labour input increases, which can help workers earn higher wages.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Through such expansion of production, industrialisation helps to absorb the labour force coming out of agriculture. Employment generation is therefore an important objective of industrialisation.

6. Expanding of which lead to more demand for goods and services?

1. Productions
2. Consumptions
3. Incomes
4. Profits

Explanation

Expanding incomes lead to more demand for goods and services

7. Where the country needs to spend a lot, if an economy is not able to produce enough to meet such demand?

1. Consumer
2. Foreign exchange
3. Service
4. Agriculture

Explanation

If an economy is not able to produce enough to meet such demand, it has to rely on imports and therefore spend a lot of foreign exchange. If the economy does not earn enough from exporting, it will be difficult to meet the growing demand.

8. Based on the users Industries can be classified into how many types?

1. Four
2. Two
3. Six
4. Three

Explanation

Based on the users Industries can be classified into three types. They are consumer Goods sector, basic goods industries and capital good sector.

9. If the output is consumed by another producer, it is called _____

1. Product sector
2. Consumer goods sector
3. Sales goods sector
4. Capital goods sector

Explanation

If the output is consumed by another producer, it is called a capital goods sector.

10. Which of the following is not factor based on which industry is not classified?

1. Users
2. Ownership
3. Size
4. Foreign investment

Explanation

Industries can be classified into four types based on following factor 1. Types of Input used 2. Ownership 3. Type of Inputs Used 4. Size

11. Which of the following statement is correct

1. The large-scale sector is believed to generate more employment than the small sector.
2. The small-scale sector allows for a larger number of entrepreneurs to emerge from less privileged backgrounds.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

The small sector is believed to generate more employment than the large-scale sector, which is likely to use more advanced and automated technologies and therefore may not generate enough employment.

12. The agglomerations of small firms are called _____

1. Industrial clusters
2. Industrial hotspot
3. Service hotspot
4. SIPCOT

Explanation

when small firms specialising in one sector are geographically concentrated in specific locations, and linked to one another through production and learning, they tend to be equally if not more efficient than large scale enterprises. Such agglomerations of small firms are called industrial clusters.

13. Who observed the advantages of industrial clusters or districts at first?

1. Adam Smith
2. Alfred Marshall
3. Leon Walras
4. Lionel Robbins

Explanation

The advantages of industrial clusters or districts was first observed by the famous economist Alfred Marshall.

14. After the success of small firm in which country in the 1980s ‘industrial district’ became famous?

1. England
2. France
3. Italy
4. Spain

Explanation

While the notion of an ‘industrial district’ was developed by Marshall, it was only after the success of small firms in Italy in the 1980s that it became popular.

15. When the famous economist Alfred Marshall first observed the advantage of Industrial cluster or districts?

1. 1935
2. 1940
3. 1928
4. 1920

Explanation

The advantages of industrial clusters or districts was first observed by the famous economist Alfred Marshall in the 1920s when he tried to understand the working of clusters of small firms in the metal-working and textile regions in England.

16. Which of the following is not the chief characteristics of a successful cluster?

1. Geographical proximity of small and medium enterprises
2. Sectoral specialisation
3. Close inter-firm collaboration
4. Uni-skilled workforce

Explanation

The following are the chief characteristics of a successful cluster. • geographical proximity of small and medium enterprises (SMEs) • sectoral specialisation • close inter-firm collaboration • multi-skilled workforce

17. Which region in Tamil Nadu dominate more in industrial growth?

1. Western region
2. Eastern region
3. Central region
4. Southern region

Explanation

Apart from the Chennai region, industrial growth has been concentrated in several Small-town clusters, throughout the state, with the western region being more dominant.

18. From which country machine made where imported that contributed to the decline of the handloom weaving industry during colonial period?

1. England
2. France
3. Italy
4. Spain

Explanation

Colonial policies also contributed to the decline of the handloom weaving industry due to competition from machine made imports from England. But some industries also developed during the colonial period and provided the basis for subsequent industrialisation in the state.

19. Which of the following statement is correct

1. The introduction of cotton cultivation in Northern Tamil Nadu by the colonial government led to the emergence of a large-scale textile sector in these parts, which involved ginning, pressing, spinning and weaving operations.
2. The introduction of railways also expanded the market for cotton yarn and helped develop the sector
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

The introduction of cotton cultivation in western and southern Tamil Nadu by the colonial government led to the emergence of a large-scale textile sector in these parts, which involved ginning, pressing, spinning and weaving operations.

20. During colonial period which two port was most active in Tamil Nadu that increase in trade which led to industrial development around this area?

1. Chennai and Tuticorin
2. Tuticorin and Cuddalore
3. Kanyakumari and Cuddalore
4. Kanyakumari and Nagapattinam

Explanation

Increase in trade during this period led to industrial development around two of the most active ports in the region, Chennai and Tuticorin.

21. Match factories too emerged during the colonial period in the which region?

1. Kanyakumari
2. Sivakasi
3. Vellore
4. Coimbatore

Explanation

Match factories too emerged during the colonial period in the Sivakasi region, which later on became a major centre for fireworks production and printing.

22. In which year electricity from hydro-electric power was introduced in western region of Tamil Nadu?

1. 1900
2. 1952
3. 1919
4. 1930

Explanation

Another major development in the western region is the introduction of electricity from hydro-electric power in the 1930s. Availability of electricity allowed for use of oil engines for drawing ground water.

23. Which of the following statement is incorrect

1. In Western Tamil Nadu, the emergence of textiles industries also led to demand and starting of textile machinery industry in the region.
2. Hydro-electric power led to both expansion of Industries and decrease in Agriculture. In turn, it led to emergence of workshops for servicing engines and also for addressing the demand for spare parts.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Hydro-electric power led to both expansion of agriculture as well as increase in demand for oil engines. In turn, it led to emergence of workshops for servicing engines and also for addressing the demand for spare parts.

24. In which region in Tamil Nadu, Integral Coach Factory is located?

1. Chennai
2. Trichy
3. Coimbatore
4. Vellore

Explanation

Soon after independence, several large enterprises were set up by both the central and state governments in different segments such as the Integral Coach Factory in Chennai to make railway coaches.

25. The Bharat Heavy Electricals Limited is located in which region of Tamil Nadu?

1. Coimbatore
2. Chennai
3. Vellore
4. Trichy

Explanation

The Bharat Heavy Electricals Limited (BHEL) in Tiruchirapalli (Trichy) manufacture to boilers and turbines. BHEL in turn led to the emergence of an industrial cluster of several small firms catering to its input requirements.

26. In which area Heavy Vehicles Factory was set up to manufacture tanks?

1. Chennai
2. Trichy
3. Coimbatore
4. Vellore

Explanation

Heavy Vehicles Factory was set up to manufacture tanks in Avadi on the outskirts of Chennai. Standard Motors too started manufacturing cars in Chennai.

27. Which manufacturing industry along with Standard Motors helped to form an automobile cluster in the Chennai region?

1. Tata motors
2. Larsen and Toubro limited
3. Ashok motors
4. General motors

Explanation

Ashok Motors (later Ashok Leyland) and Standard Motors together helped form an automobile cluster in the Chennai region.

28. When the Avadi industrial estate was established?

1. 1930
2. 1950
3. 1969
4. 1972

Explanation

The Avadi industrial estate was established in the 1950s to support the small and medium companies supplying to the large firms in the region.

29. Match the following List I with List II and choose correct answer

List I (Clusters) List II (Region)

1. Home furniture 1. Chennai
2. Power-loom weaving 2. Karur
3. Cotton knitwear 3. Coimbatore
4. Integral Coach Factory 4. Tirupur
5. 3 – 1 – 4 – 2
6. 4 – 1 – 3 – 2
7. 4 – 2 – 1 – 3
8. 2 – 3 – 4 – 1

30. when the Salem Steel Plant was set up in Tamil Nadu?

1. 1952
2. 1973
3. 1981
4. 1960

Explanation

The Salem Steel Plant was set up in 1973 to produce stainless steel. The government played a major role in all these processes. More hydro-electric power projects in the state were also initiated to increase the spread of electrification.

31. Which of the following statement is correct regarding trade liberalisation

1. Because of trade liberalisation measures, exports of textiles, home furnishings and leather products began to decline slowly
2. Because of trade liberalisation measures, efforts to attract investments led to entry of leading multinational firms (MNCs) into the state, especially in the automobile sector
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

First, because of trade liberalisation measures, exports of textiles, home furnishings and leather products began to grow rapidly.

32. Which region emerged as a hub for electronics industry with MNCs such as Nokia, Foxconn, Samsung and Flextronics opening plants on the city outskirts?

1. Coimbatore
2. Trichy
3. Madurai
4. Chennai

Explanation

Chennai region also emerged as a hub for electronics industry with MNCs such as Nokia, Foxconn, Samsung and Flextronics opening plants on the city’s outskirts. A significant share of these investments has come up in special economic zones in the districts bordering Chennai.

33. Which of the following statement is correct

1. Automobile sector relies heavily on component makers, entry of MNCs not only brought along other MNC component suppliers but also opened up new market opportunities for foreign investors for component production.
2. Tamil Nadu has often been hailed as a model for successfully using the SEZ route to attract productive investments
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Automobile sector relies heavily on component makers, entry of MNCs not only brought along other MNC component suppliers but also opened up new market opportunities for domestic component producers.

34. Which state at present has the largest number of factories among all states in India?

1. Karnataka
2. Gujarat
3. Kerala
4. Tamil Nadu

Explanation

Tamil Nadu at present has the largest number of factories among all states in India and also has the largest share of workforce employed in manufacturing. Importantly, it is more labour intensive compared to other industrially advanced states like Maharashtra and Gujarat.

35. How many industrial clusters are there in Tamil Nadu?

1. 14
2. 32
3. 27
4. 41

Explanation

There are 27 clusters in 13 districts in Tamil Nadu. Unlike other states, the industries are spread across all regions of the state with many of them being export oriented as well.

36. Which of the following statement is incorrect

1. Unlike in North India where entrepreneurs and business come from a dispersed social background, in Tamil Nadu, are drawn mostly from merchant communities.
2. The state also has a better mix of large, small and household industries. The diffusion of industrialisation also implies a widening of the social base of entrepreneurship.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Unlike in North India where entrepreneurs and business groups are drawn mostly from merchant communities, in Tamil Nadu, the entrepreneurs come from a dispersed social background, with a relatively small size of capital.

37. Which among the following city is known “The Detroit of Asia”?

1. Bangalore
2. Chennai
3. Coimbatore
4. Mumbai

Explanation

Chennai is nicknamed as “The Detroit of Asia” because of its large auto industry base. Chennai is home to large number of auto assembly and component making firms.

38. Which among the following region is auto cluster in Tamil Nadu?

1. Hosur
2. Trichy
3. Vellore
4. Madurai

Explanation

Hosur is another auto cluster with firms like TVS and Ashok Leyland having their factories there. Coimbatore region is also developing into an auto component cluster.

39. Which among the following region is Truck and Bus Body Building Industry Clusters?

1. Tiruchengode
2. Chengalpattu
3. Neyveli
4. Chidambaram

Explanation

The Namakkal-Tiruchengode belt in western Tamil Nadu is known for its truck body building industry. About 150 of the 250 units in this sector are located in this cluster including 12 large-sized body building houses.

40. Which among the following city often referred as the “Manchester of South India”?

1. Madurai
2. Coimbatore
3. Chennai
4. Trichy

Explanation

Tamil Nadu is home to the largest textiles sector in the country. Because of the development of cotton textile industry since the colonial period, Coimbatore often referred as the “Manchester of South India”.

41. Which among the following statement is correct

1. Karur is another major hub with more than 50 units. Many entrepreneurs were previous employees in a big firm involved in body building who came out to set up their own units.
2. Tamil Nadu is the biggest producer of cotton yarn in the country. Palladam and Somanur, small towns near Coimbatore and the villages near these towns, are home to a dynamic powerloom weaving cluster as well.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

42. Tirupur accounts for what percentage of the country’s cotton knitwear exports?

1. 52%
2. 59%
3. 69%
4. 80%

Explanation

Tirupur is famous for clustering of a large number of firms producing cotton knitwear. It accounts for nearly 80% of the country’s cotton knitwear exports and generates employment in the range of over three lakh people since the late 1980s.

43. Which among the following region is a major centre of exports of home furnishings like table cloth, curtains, bed covers and towels?

1. Vellore
2. Kanyakumari
3. Karur
4. Villupuram

Explanation

Apart from body building, Karur is a major centre of exports of home furnishings like table cloth, curtains, bed covers and towels. Bhavani and Kumrapalayam are again major centres of production of carpets.

44. Tamil Nadu accounts for what per cent of leather tanning capacity in India?

1. 78%
2. 60%
3. 82%
4. 53%

Explanation

Tamil Nadu accounts for 60 per cent of leather tanning capacity in India and 38 per cent of all leather footwear, garments and components.

45. Which district is the top exporter of finished leather goods in the country?

1. Madurai
2. Coimbatore
3. Vellore
4. Kanyakumari

Explanation

Hundreds of leather and tannery facilities are located around Vellore and its nearby towns, such as Ranipet, Ambur and Vaniyambadi. The Vellore district is the top exporter of finished leather goods in the country.

46. Which among the following area is not the leather processing cluster?

1. Vellore
2. Dindigul
3. Erode
4. Madurai

Explanation

The Vellore district is the top exporter of finished leather goods in the country. Chennai also has a large number of leather product making units involved in exports. There is another clustering of leather processing in Dindigul and Erode.

47. Which among following is notable for traditional artisanal clusters for silk handloom saree?

1. Coimbatore
2. Kanchipuram
3. Vellore
4. Kanyakumari

Explanation

Apart from such modern clusters, there are also traditional artisanal clusters such as Madurai and Kanchipuram that are famous for cotton and silk handloom sarees. Even these clusters have witnessed a degree of modernisation with use of power-looms in several units.

48. Which region, is famous for its match industry has now become a major centre for printing and fireworks in the country?

1. Madurai
2. Sivakasi
3. Chennai
4. Karaikudi

Explanation

Sivakasi region, once famous for its match industry has now become a major centre for printing and fireworks in the country.

49. What percentage is the contribution of Sivakasi region to India’s safety matches production?

1. 71%
2. 59%
3. 80%
4. 60%

Explanation

Sivakasi region is believed to contribute to 90% of India’s fireworks production, 80% of safety matches and 60% of offset printing solutions.

50. Which of the following statement is correct

1. The offset printing industry has a high degree of specialisation among firms with several of them undertaking just one operation required for printing.
2. All these industries have their origin in the post independent period and at present offer employment to a large number of workers.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

All these industries have their origin in the colonial period and at present offer employment to a large number of workers.

51. Match the following List I with List II and choose correct answer

List I (Region) List II ((IT Specific Special Economic Zones(

1. Hosur 1. Vilankurichi
2. Coimbatore 2. Jagirammapalayam
3. Madurai 3. Viswanathapuram
4. Trichy 4. Ilandhaikulam
5. Salem 5. Navalpattu
6. 2 – 4 – 5 – 1 – 3
7. 3 – 1 – 4 – 5 – 2
8. 1 – 4 – 2 – 3 – 5
9. 5 – 1 – 4 – 3 – 2

52. The Policy Factors that Helped the Industrialisation Process divided into how many aspects?

1. Four
2. Three
3. Two
4. Seven

Explanation

The Policy Factors that Helped the Industrialisation Process divided into three aspects. They are 1. Education 2. Infrastructure 3. Industrial promotion

53. Which of the following statement is correct

1. Industries require Educated human resources more than skilled. Apart from a lot of attention to primary education to promote literacy and basic arithmetic skills, the state doesn’t need more of its vast supply of technical human resources.
2. Along with electrification, Tamil Nadu is known for its excellent transport infrastructure, especially minor roads that connect rural parts of the state to nearby towns and cities.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Industries require skilled human resources. Apart from a lot of attention to primary education to promote literacy and basic arithmetic skills, the state is known for its vast supply of technical human resources.

54. When SIPCOT (State Industries Promotion Corporation of Tamil Nadu) was formed?

1. 1958
2. 1962
3. 1971
4. 1993

Explanation

SIPCOT (State Industries Promotion Corporation of Tamil Nadu) was formed in the year 1971 to promote industrial growth in the state by setting up industrial estates.

56. Which among the following is a state-agency of the state of Tamil Nadu established in the year 1970 to promote small-scale industries in the state?

1. SIPCOT
2. TANSIDCO
3. TIDCO
4. TIDSCO

Explanation

TANSIDCO (Tamil Nadu Small Industries Development Corporation) is a state-agency of the state of Tamil Nadu established in the year 1970 to promote small-scale industries in the state. It gives subsidies and provide technical assistance for new firms in the small-scale sector.

57. Which t is one of the seven export processing zones in the country set up the central government in Tamil Nadu?

1. NSEZ
2. BHEL
3. CEZL
4. MEPZ

Explanation

MEPZ is a Special Economic Zone in Chennai. It is one of the seven export processing zones in the country set up the central government.

58. Which among the following is Not correctly matched its Special economic zone with correspond project

1. Nanguneri SEZ – A Multi product SEZ, Thirunelveli
2. Ennore SEZ – Thermal power project, Vayalur
3. Coimbatore SEZ – IT Parks
4. Perambalur SEZ – Clinical Research Organisation, Poison Control Centre, Centre for Regenerative Medicine, Medicine Research

Explanation

Perambalur SEZ – Multi product SEZ

59. When Madras Export Processing Zone (MEPZ) was established?

1. 1991
2. 2001
3. 1984
4. 1972

Explanation

Madras Export Processing Zone (MEPZ) was established in 1984 to promote foreign direct investment, enhance foreign exchange earnings and create greater employment opportunities in the region.

60. Which is intended to provide low-cost financial support for both setting up new units and also for expansion of existing units?

1. TIIC
2. TANSI
3. TIDCO
4. TIDCL

Explanation

TIIC is intended to provide low-cost financial support for both setting up new units and also for expansion of existing units. Though it is meant to meet the requirements of all types of firms, 90% of support goes to micro, small and medium enterprises.

61. When TANSI (Tamil Nadu Small Industries Corporation Ltd.) was established?

1. 1970
2. 1965
3. 1985
4. 1990

Explanation

TANSI (Tamil Nadu Small Industries Corporation Ltd.) was formed in 1965 to take over the small scale-units that were set up and run by the Department of Industries and Commerce.

62. Which among the following is Not correctly matched its Special economic zone with places?

1. Bio-Pharmaceuticals SEZ – Clinical Research Organisation, Poison Control Centre, Centre for Regenerative Medicine, Medicine Research
2. India-Singapore SEZ – IT & ITES, Electronic Hardware, Logistics and Warehousing – Thiruvallur District
3. Autocity SEZ – Automobile/Auto Components, Tiruvallur
4. Hosur SEZ – Information Technology park

Explanation

Hosur SEZ – Auto Engineering, Electronics, Defence and Aerospace.

63. When TIIC (Tamil Nadu Industrial Investment Corporation Ltd.) was established?

1. 1935
2. 1949
3. 1971
4. 1956

Explanation

TIIC (Tamil Nadu Industrial Investment Corporation Ltd.) was established in the year 1949.

64. Which among the following is supposed to be the first industrial corporation operating in the domain for small enterprises?

1. TIIC
2. TIDCO
3. TANSIDCO
4. TANSI

Explanation

TANSI (Tamil Nadu Small Industries Corporation Ltd.) is supposed to be the first industrial corporation operating in the domain for small enterprises.

65. when policy was introduced for the settling up of special Economic Zones in the country with a view to a hassle-free environment for exports?

1. 1990
2. 1982
3. 1978
4. 2000

Explanation

A policy was introduced on in April 2000 for the settling up of special Economic Zones in the country with a view to a hassle-free environment for exports.

66. Which among the following statement is correct

1. A policy was introduced on in April 2000 provides for setting up of SEZs in the public, private, joint sector or by state governments.
2. It is also envisaged the some of the existing Special Economic Zones would be converted in to Export Processing Zones.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

The policy is also envisaged the some of the existing Export Processing Zones, would be converted in to Special Economic Zones.

67. Which sector has emerged as a much bigger employer over the last three decades?

1. Manufacturing sector
2. Marketing sector
3. Service sector
4. Agricultural sector

Explanation

The services sector has emerged as a much bigger employer over the last three decades. Tamil Nadu has become a hub for some important and dynamic service sectors such as software services, healthcare and education services.

68. Which among the following statement is incorrect

1. Healthcare and educational services are diffused across major cities, Chennai and Coimbatore in particular.
2. Software services is largely distributed throughout the state from cities to towns helping major people for employment.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Software services is, however, largely confined to Chennai. Only in the last ten years, a few software firms have moved to Coimbatore.

69. When Start-up India Scheme was launched?

1. 5 April 2016
2. 16 Jan 2016
3. 21 Sep 2016
4. 12 Sep 2016

Explanation

Start-up India Scheme was Launched on 16-Jan-2016. Start-up India Scheme is an initiative of the Indian government, the primary objective of which is the promotion of start-ups, generation of employment and wealth creation

70. Which among the following statement regarding industrialisation is incorrect

1. Some clusters, especially chemicals, textiles and leather clusters, tend to generate a lot of polluting effluents that affect health. The effluents also pollute water bodies into which effluents are let into agricultural lands.
2. Employment generation potential has increased because of use of frontier technologies because of the need to compete globally. Quality of employment also has increased in recent years as most workers are employed only permanent.
3. Only 1
4. Only 2
5. Both 1 and 2
6. None

Explanation

Employment generation potential has declined because of use of frontier technologies because of the need to compete globally. Quality of employment also has suffered in recent years as most workers are employed only temporarily.

71. Which scheme is to facilitate bank loans between `10 lakh and `1 crore to at least one SC or ST borrower and one-woman borrower per bank branch for setting up a greenfield enterprise?

1. Start-up India scheme
2. Line-up India scheme
3. Made-up India scheme
4. Stand-up India scheme

Explanation

Stand-up India Scheme is to facilitate bank loans between `10 lakh and `1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one-woman borrower per bank branch for setting up a greenfield enterprise.

72. Who is an innovator of new ideas and business processes who possesses management skills, strong team building abilities and leadership quality?

1. Salesman
2. Entrepreneur
3. Marketer
4. All the above

Explanation

Entrepreneur is an innovator of new ideas and business processes. He possesses management skills, strong team building abilities and essential leadership qualities to manage a business.

73. Which among the following statement is wrong about role of Entrepreneur

1. They promote development of industries and help to remove regional disparities by industrialising rural and backward areas.
2. They help the country to increase the GDP and Per Capita Income
3. They contribute towards the development of society by increasing concentration of income and wealth.
4. Only 1 and 3
5. Only 3
6. only 1 and 2
7. only 1

Explanation

They contribute towards the development of society by reducing concentration of income and wealth.

74. When Stand-up India Scheme was Launched?

1. 5 April 2016
2. 16 Jan 2016
3. 21 Sep 2016
4. 12 Sep 2016

Explanation

Stand-up India Scheme was Launched on 5-April-2016.

75. Which among the following statement is wrong about role of Entrepreneur

1. They promote capital formation by mobilising the idle savings of the citizens and country’s export trade
2. Entrepreneurs provide small-scale employment to artisans, technically qualified persons and professionals and work in an environment of changing technology.
3. They enable the people to avail better quality goods at high prices, which results in the improvement of their standard of living.
4. Only 3
5. Both 2 and 3
6. All the three
7. Both 1 and 3

Explanation

Entrepreneurs provide large-scale employment to artisans, technically qualified persons and professionals and work in an environment of changing technology and try to maximise profits by innovations.

They enable the people to avail better quality goods at lower prices, which results in the improvement of their standard of living.