Consider the following statements regarding Industrial Corridors in India : 1. They are linear development zones. 2. They connect all major State capitals through an integrated network of roads, railways, ports and airports. 3. They promote acceleration of industrial growth. Which of the statements given above is/are correct?
- A.1 and 2
- B.1 and 3
- C.3 only
- D.1 only
Correct answer
Explanation
The correct answer is B, 1 and 3. Industrial corridors are linear development belts built along a transport spine to speed up industrial growth, but they do not link all State capitals.
An industrial corridor is planned along a major freight route such as a dedicated freight corridor or a highway. Industrial clusters, logistics parks, smart cities and power and water supply are developed in a band on either side, so factories get quick access to ports and markets. India's first was the Delhi–Mumbai Industrial Corridor, and others include the Amritsar–Kolkata, Chennai–Bengaluru and East Coast corridors, overseen by the National Industrial Corridor Development Corporation. Each corridor joins particular economic centres and gateways, not every State capital.
A is wrong because statement 2 is incorrect; corridors connect selected industrial nodes and ports, not all major State capitals. C is wrong because it leaves out statement 1, which is correct. D is wrong because it leaves out statement 3, which is the very purpose of a corridor.
Exam tip: industrial corridor = linear zone along a freight spine; first was Delhi–Mumbai (DMIC), built along the Western Dedicated Freight Corridor.
Practice Questions
View allConsider the following statements : Human capital formation as a concept is better explained in terms of a process which enables
1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities of the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth.
Which of the statements given above is/are correct ?
- A.1 and 2
- B.2 only
- C.2 and 4
- D.1, 3 and 4
Show answer
Human capital formation means raising people's knowledge, skills and abilities, which is a form of intangible wealth. Human capital is the stock of education, skill, health and experience that makes people productive.
Read the full explanation →Consider the following statements :
1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.
2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.
Which of the statements given above is/are correct?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
Show answer
Procurement at MSP is limited, and MSP is a floor price that market prices often exceed. The Government announces MSPs for 22 mandated crops on the recommendation of the Commission for Agricultural Costs and Prices (CACP).
Read the full explanation →Increase in absolute and per capita real GNP do not connote a higher level of economic development, if
- A.industrial output fails to keep pace with agricultural output.
- B.agricultural output fails to keep pace with industrial output.
- C.poverty and unemployment increase.
- D.imports grow faster than exports.
Show answer
Economic development means better lives for people, so rising income alone is not development if poverty and joblessness are growing.
Read the full explanation →Consider the following statements :
1. Coal sector was nationalized by the Government of India under Indira Gandhi.
2. Now, coal blocks are allocated on lottery basis.
3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal production.
Which of the statements given above is/are correct?
- A.1 only
- B.2 and 3 only
- C.3 only
- D.1, 2 and 3
Show answer
The coal industry was nationalised under Indira Gandhi, but coal blocks are not given by lottery and India still imports coal.
Read the full explanation →Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD) :
I. It provides loans and guarantees to middle income countries.
II. It works single-handedly to help developing countries to reduce poverty.
III. It was established to help Europe rebuild after the World War II.
Which of the statements given above are correct?
- A.I and II only
- B.II and III only
- C.I and III only
- D.I, II and III
Show answer
Statement II is wrong because the IBRD works alongside other World Bank Group institutions and partners, not single-handedly. The IBRD was set up at the Bretton Woods Conference in 1944, together with the IMF.
Read the full explanation →