Economy

2 questions

• 2023 · Question 71 · Industrial Policy

  Consider the following statements with reference to India : 1. According to the ‘Micro, Small and Medium Enterprises Development (MSMED) Act, 2006’, the ‘medium enterprises’ are those with investments in plant and machinery between ₹ 15 crore and ₹ 25 crore. 2. All bank loans to the Micro, Small and Medium Enterprises qualify under the priority sector. Which of the statements given above is/are correct?

  Choose your answer

  (a)1 only(b)2 only(c)Both 1 and 2(d)Neither 1 nor 2

  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

• 2023 · Question 88 · Industrial Policy

  Consider the following statements : Statement–I : India accounts for 3·2% of global export of goods. Statement–II : Many local companies and some foreign companies operating in India have taken advantage of India’s ‘Production-linked Incentive’ scheme. Which one of the following is correct in respect of the above statements?

  Choose your answer

  (a)Both Statement–I and Statement–II are correct and Statement–II is the correct explanation for Statement–I(b)Both Statement–I and Statement–II are correct and Statement–II is not the correct explanation for Statement–I(c)Statement–I is correct but Statement–II is incorrect(d)Statement–I is incorrect but Statement–II is correct

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  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)