Industrial Growth & Economic Reforms MCQ — 314 Practice Questions with Answers

Explanation

The Government launched the Market Access Support (MAS) scheme with ₹4,531 crore outlay for FY26-31, as part of the ₹25,060 crore Export Promotion Mission. It focuses on MSMEs and first-time exporters, supporting trade fairs, exhibitions, and Buyer-Seller Meets with a minimum 35% MSME participation mandate.

Explanation

The **Perform, Achieve and Trade (PAT) Scheme** is administered by the **Bureau of Energy Efficiency (BEE)** under the **Ministry of Power**, Government of India. It is a market-based compliance mechanism targeting large energy-intensive industries (Designated Consumers) to reduce specific energy consumption, with tradeable Energy Saving Certificates (ESCerts) as incentives.

Explanation

Remittances (personal transfers sent by migrants) are part of the Current Account under secondary income (transfers). Capital/Financial Account includes FDI, FPI, ECBs, NRI deposits, trade credit, and banking capital.

Explanation

Despite holding 37.37 billion tonnes of coking coal reserves, India imports nearly 95% of its steel sector requirements.

Explanation

TRAI (Telecom Regulatory Authority of India) was established under TRAI Act, 1997. It regulates telecom services including tariffs, interconnection, quality of service, and spectrum. It also regulates broadcasting and cable services.