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Indian EconomyEasyAsked in: CDS · CDS-II 2019, GK

Which of the following statements with regard to the 'Make in India' initiative is/are correct ? 1. It was launched in the year 2018. 2. Its objective is to foster innovation. Select the correct answer using the code given below:

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2

Correct answer

B. 2 only

Explanation

The correct answer is B, 2 only. Make in India was launched in 2014, not 2018, and fostering innovation is one of its stated objectives.

Prime Minister Narendra Modi launched Make in India on 25 September 2014 to turn India into a global hub for design and manufacturing. Its aims, as announced, were to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best-in-class manufacturing infrastructure. Its symbol is a lion made of gear wheels, and the Department for Promotion of Industry and Internal Trade (DPIIT) is its nodal body. The Production Linked Incentive (PLI) schemes from 2020 build on the same goal.

A is wrong: statement 1 is false, because the initiative began in 2014.

C is wrong: only statement 2 is correct, so both cannot be.

D is wrong: statement 2 is correct, since fostering innovation is an objective of the programme.

Exam tip: Make in India = 25 September 2014, lion logo, DPIIT; Startup India = 16 January 2016; Skill India = 15 July 2015.

Practice Questions

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Q1.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2025, GS Paper IHard

With reference to India, consider the following pairs:

Organization : Union Ministry

I. The National Automotive Board : Ministry of Commerce and Industry

II. The Coir Board : Ministry of Heavy Industries

III. The National Centre for Trade Information : Ministry of Micro, Small and Medium Enterprises

How many of the above pairs are correctly matched?

  1. A.Only one
  2. B.Only two
  3. C.All the three
  4. D.None
Show answer
Correct answer: D. None

Each organisation is paired with the wrong ministry. The National Automotive Board works under the Ministry of Heavy Industries; it supports the automobile sector with testing and certification work and helps run schemes for the industry.

Q2.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2020, GS Paper IMedium

If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do?

1. Cut and optimize the Statutory Liquidity Ratio

2. Increase the Marginal Standing Facility Rate

3. Cut the Bank Rate and Repo Rate

Select the correct answer using the code given below:

  1. A.1 and 2 only
  2. B.2 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
Show answer
Correct answer: B. 2 only

An expansionist policy aims to make money cheaper and more plentiful, so the RBI would not raise the Marginal Standing Facility rate, which makes borrowing dearer.

Q3.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2018, GS Paper IMedium

Which of the following is/are the aim/aims of "Digital India" Plan of the Government of India?

1. Formation of India's own Internet companies like China did.

2. Establish a policy framework to encourage overseas multinational corporations that collect Big Data to build their large data centres within our national geographical boundaries.

3. Connect many of our villages to the Internet and bring Wi-Fi to many of our schools, public places and major tourist centres.

Select the correct answer using the code given below:

  1. A.1 and 2 only
  2. B.3 only
  3. C.2 and 3 only
  4. D.1, 2 and 3
Show answer
Correct answer: B. 3 only

Connecting villages to the Internet and offering Wi-Fi in schools and public places is part of Digital India; the other two are not its stated aims.

Q4.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2020, GS Paper IEasy

With reference to Foreign Direct Investment in India, which one of the following is considered its major characteristic?

  1. A.It is the investment through capital instruments essentially in a listed company.
  2. B.It is a largely non-debt creating capital flow.
  3. C.It is the investment which involves debt-servicing.
  4. D.It is the investment made by foreign institutional investors in the Government securities.
Show answer
Correct answer: B. It is a largely non-debt creating capital flow.

FDI comes in as equity ownership, so India does not have to repay it with interest. Under Indian rules, FDI is investment by a person resident outside India in an unlisted company, or in ten per cent or more of the paid-up equity of a listed company.

Q5.Indian EconomyAsked in: UPSC CAPF · CAPF 2020, Paper IEasy

PAHAL, an initiative to transfer the subsidy to direct bank account of the beneficiaries, is related to

  1. A.LPG consumers
  2. B.internet consumers
  3. C.farmers for fertilisers
  4. D.Central Government Employees for medical treatment
Show answer
Correct answer: A. LPG consumers

PAHAL is the direct benefit transfer scheme for subsidy on cooking gas (LPG). PAHAL stands for Pratyaksh Hanstantrit Labh, meaning direct transferred benefit.