Practice 352 Industrial Growth & Economic Reforms multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.
Q1. Alternative Investment Fund (AIF) is regulated by:
Explanation
AIFs are regulated by SEBI under SEBI (AIF) Regulations, 2012. Three categories: Category I (venture capital, SME, social venture, infrastructure), Category II (PE, debt funds), Category III (hedge funds).
Q2. India signed a Comprehensive Economic Partnership Agreement (CEPA) with:
Explanation
India has CEPAs with South Korea (signed August 2009, effective January 2010) and Japan (signed February 2011, effective August 2011). India also has a CEPA with UAE (2022) and ECTA with Australia (2022). Negotiations are ongoing with UK, EU, and others.
Q3. Which original SEZ Rules are being amended by the 2025 notification?
Explanation
The amendments modify the Special Economic Zones Rules, 2006.
Q4. The 'One District One Product' (ODOP) initiative is related to:
Explanation
ODOP aims to select, brand, and promote at least one product from each district. It was first adopted by UP in 2018 and later expanded nationally under the PM Formalization of Micro Food Processing Enterprises (PM FME) scheme. It helps local artisans and producers reach wider markets.
Q5. India's largest export item is:
Explanation
Petroleum products (refined) are India's largest merchandise export item, reflecting India's strong refining capacity (India is a net importer of crude but net exporter of refined products). Including services, IT services would be the largest.
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Q6. The global generics market is projected to reach what value by 2030?
Q7. Corporate Social Responsibility (CSR) spending is mandatory for companies with:
Q8. SEZ units are required to achieve positive Net Foreign Exchange earnings within:
Q9. Which of the following is a consequence of globalisation on Indian society?
Q10. The Second Five Year Plan (1956-61) laid emphasis on:
Q11. The Duty Free Import Authorization (DFIA) scheme allows:
Q12. Consider the following statements regarding the India-GCC Free Trade Agreement Joint Statement signed on February 24, 2026: 1. It was signed by Commerce Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Albudaiwi. 2. GCC bilateral trade with India stood at USD 178.56 billion in FY 2024-25, constituting about 15.42% of India's global trade. 3. The FTA negotiations cover only trade in goods and customs procedures, excluding services and digital trade. Which of the statements given above is/are CORRECT?
Q13. India's public stockholding proposal at WTO MC14 seeks a permanent peace clause for which purpose?
Q14. What is the minimum investment commitment under the SPMEPCI scheme?
Q15. When was the REPM manufacturing scheme approved by the Union Cabinet?
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