MPSC PYQ

Reforms, Industry & Trade — MPSC PYQ

Every Reforms, Industry & Trade question MPSC has actually asked in Economy, 2013–2025 — 22 questions, each with the correct answer from the official MPSC key and a full explanation. Newest papers first.

जागतिकीकरणात महत्तम सामाजिक कल्याणापासून आपण दूर गेल्याची स्थिती खालीलपैकी कोणत्या कारणामुळे दिसून येते ?

1)दारिद्र्य
2)रोजगार
3)विषमता
4)वरील सर्व✓ Correct

Globalization has led to a departure from maximal social welfare due to persistent poverty, unemployment, and rising inequality.

🏛️ The Maharashtra angle

Impact of globalization on agrarian distress and urban inequality in Maharashtra.

जागतिकीकरणामुळे खालीलपैकी कोणत्या क्षेत्रातील रोजगार कमी झाला आहे ? / Employment in which of the following sector has decreased due to globalization ?

1)खाजगी / Private
2)सेवा / Service
3)सार्वजनिक / Public✓ Correct
4)लघूउद्योग / Small scale industry

Due to privatization and globalization policies, the scope, recruitment, and share of employment in the public sector have decreased over time as private sectors expanded.

🏛️ The Maharashtra angle

Affects public sector employment trends in Maharashtra as well.

कर्मचारी भविष्यनिर्वाह निधी कायदा __________ मध्ये करण्यात आला. / The Employees Provident Fund Act was made in __________.

1)1950
2)1952✓ Correct
3)1960
4)1981

The Employees' Provident Fund (EPF) and Miscellaneous Provisions Act was enacted by the Parliament of India in the year 1952 to provide social security benefits to employees.

🏛️ The Maharashtra angle

Extensively applicable to the huge industrial and formal workforce in Maharashtra.

धोरण निश्चितीत खालीलपैकी कोणी कठीण वेळ आणली आहे ? Which of the following have created challenging times for policy-making ?

1)संसर्गाच्या लाटांची पुनरावृत्ती / Repeated waves of infection
2)पुरवठा – साखळी अडथळे / Supply-chain disruptions
3)भाववाढ / Inflation
4)वरील सर्व / All of the above✓ Correct

Complex macroeconomic shocks, global uncertainties, structural bottlenecks, and fiscal deficits create challenging environments for economic policy-making.

अर्थव्यवस्थेची दीर्घकालीन वाढ साधण्यासाठी भारत सरकारने कोणते उपाय राबविले ? खालीलपैकी योग्य पर्याय निवडा. Which measures have been implemented by the government of India to prepare the economy for a sustained long-term expansion ? Choose the correct option.

(a)समाजातील असुरक्षित घटक आणि व्यापार क्षेत्रासाठी सुरक्षितता जाळे. / Bouquet of safety-nets to vulnerable sections of society and business sector.

(b)पायाभूत सुविधावरील भांडवली खर्चात मोठी वाढ. / Significant increase in capital expenditure on infrastructure.

(c)मध्यमकालीन मागणी पूर्वपदावर आणणे. / To build back medium-term demand.

(d)पुरवठा बाजू उपायांची आक्रमक अंमलबजावणी. / Aggressively implemented supply-side measures.

1)फक्त अ / Only A
2)फक्त ब / Only B
3)अ आणि ब / A and B✓ Correct
4)अ, ब, क आणि ड / A, B, C and D

To achieve long-term economic expansion, India focused on safety nets for vulnerable sections and boosting capital expenditure on infrastructure.

🏛️ The Maharashtra angle

Focuses on national economic policy frameworks applicable to state growth strategies.

वर्ष 2021-22 मध्ये भारतातील कोणते उत्पादक क्षेत्र उत्तम कामगिरी करेल ? In the year 2021-22, which productive sector of India will show the better performance ?

1)शेती आणि संलग्न क्षेत्र / Agriculture and allied sectors
2)उद्योग (खाणकाम आणि बांधकाम धरून) क्षेत्र / Industry (including mining and construction)✓ Correct
3)सेवा क्षेत्र / Service sector
4)वरील सर्व / All the above

Post-pandemic economic recovery in 2021-22 saw the industrial sector, including mining and construction, register significant growth rebound compared to others.

जुलै 1991 पासून अर्थव्यवस्थेतील पुरवठा बाजू सुधारण्यासाठी व्यापक उदारीकरणाचे उपाय लागू केले जात आहेत. यातील अधिक महत्त्वाचे आहेत : Since July 1991, comprehensive liberalization measures have been undertaken to improve the supply side of the economy. Among these the more important are :

(a)अ. व्यापार आणि भांडवल प्रवाह सुधारणा / a. Trade and capital flows reforms

(b)ब. औद्योगिक विनियंत्रण / b. Industrial deregulation

(c)क. निर्गुंतवणूक आणि सार्वजनिक उद्योग सुधारणा / c. Disinvestment and Public Enterprises Reforms

(d)ड. वित्तीय क्षेत्र सुधारणा / d. Financial sector reforms

1)(1) अ आणि ब / (1) a and b
2)(2) क आणि ड / (2) c and d
3)(3) अ, ब आणि क / (3) a, b and c
4)(4) अ, ब, क आणि ड / (4) a, b, c and d✓ Correct

The 1991 economic reforms introduced structural and stabilization measures including trade and capital flows reforms, industrial deregulation, disinvestment, public enterprise reforms, and financial sector reforms to boost the supply side.

खालीलपैकी कोणता उद्योग शेती अवजारांचे उत्पादन मोठ्या प्रमाणावर करतो ? / Which of the following industry produces agricultural tools on large scale ?

1)रेनबॅक्सी / The Ranbaxy
2)पायोनियर / The Pioneer
3)बजाज / The Bajaj
4)किर्लोस्कर / The Kirloskar✓ Correct

Agricultural tools and heavy machinery are predominantly manufactured by engineering and heavy industries, specifically tailored for farming sectors in states like Maharashtra.

🏛️ The Maharashtra angle

Kirloskar Cummins and various cooperative industrial estates in western Maharashtra are known for agricultural equipment.

1991 साली भारत सरकारने स्वीकारलेल्या नवीन आर्थिक धोरणामुळे पुढीलपैकी कोणत्या मूल्याचे महत्त्व कमी झाले ? Which value cost its salience with the adoption of the 1991 New Economic Policy ?

(a)समाजवाद / Socialism

(b)धर्मनिरपेक्षता / Secularism

(c)लोकशाही / Democracy

(d)संघराज्यवाद / Federalism

1)(a) फक्त / Only (a)✓ Correct
2)(a) व (b) / (a) and (b)
3)(a) व (c) / (a) and (c)
4)(a) व (d) / (a) and (d)

The New Economic Policy (NEP) of 1991 introduced Liberalisation, Privatisation, and Globalisation (LPG), shifting focus toward market capitalism and reducing the prominence of traditional socialism.

1991 साली स्वीकारलेले नवे आर्थिक धोरण _______. The New Economic Policy adopted in 1991 was _______.

a)समाजावादावर आधारित होते / based on Socialism
b)समाजावादाच्या तत्वांशी अजिबात संबंधित नव्हते / not at all related to the principles of Socialism✓ Correct
c)समाजावादासंबंधी तटस्थ होते / indifferent to the concept of Socialism
d)समाजावादाच्या तत्त्वांची प्रशंसा करणारे होते / praised the principles of Socialism

The 1991 New Economic Policy introduced LPG (Liberalisation, Privatisation, Globalisation), moving away from state-controlled socialism towards a market-driven economy, meaning it was not at all related to socialist principles.

रेरा (नियमन आणि विकास) कायदा यासंदर्भात पुढील विधाने लक्षात घ्या व योग्य विधान/विधाने निवडा : (a) सन 2016 मधे संमत झाला. (b) घरांच्या खरेदीदारांचे हित सांभाळणे हे त्याचे उद्दिष्ट आहे. (c) जम्मू आणि काश्मीर राज्यात लागू नव्हता. Consider the following statements about Real Estate (Regulation and development) Act and select correct one.

(a)सन 2016 मधे संमत झाला. / was passed in 2016.

(b)घरांच्या खरेदीदारांचे हित सांभाळणे हे त्याचे उद्दिष्ट आहे. / aims at protecting interest of home buyers.

(c)जम्मू आणि काश्मीर राज्यात लागू नव्हता. / was not applicable in the state of Jammu and Kashmir.

1)(a) आणि (b) फक्त बरोबर आहेत. / (a) and (b) only are correct.
2)(b) आणि (c) फक्त बरोबर आहेत. / (b) and (c) only are correct.
3)(a) आणि (c) फक्त बरोबर आहेत. / (a) and (c) only are correct.
4)वरील सर्व बरोबर आहेत. / all of the above are correct.✓ Correct

RERA was passed in 2016 to protect home buyers' interests and ensure transparency in the real estate sector. Post the abrogation of Article 370, it applies nationwide, but initially, it did not apply to Jammu and Kashmir.

🏛️ The Maharashtra angle

Maharashtra was one of the first states to implement MahaRERA effectively.

GATT (जनरल अँग्रीमेंट ऑन ट्रेड अँड टॅरिफ्स) संदर्भात पुढील विधानं विचारात घ्या. वरीलपैकी कोणते विधान/विधाने बरोबर आहे/आहेत ? Consider the following statements with reference to GATT agreement (General Agreement on Trade and Tariffs). Which of the above statement/s is/are correct ?

(a)गॅट (GATT) ची स्थापना 1948 साली झाली. / GATT was established in 1948.

(b)सुरावातीच्या काळात गॅट (GATT) चे 23 देश सदस्य होते. / Initially, the total number of members of GATT was 23 countries.

(c)WTO गॅट (GATT) चे एक प्रकारे उत्तराधिकारी आहे. / In a way WTO is the successor of GATT.

(d)द्विपक्षीय व बहुपक्षीय व्यापार कराराचे 'गॅट' हे प्रशासन करते. / GATT administers all bilateral and multilateral Trade agreements.

1)(a) आणि (d) / (a) and (d)
2)(a), (b) आणि (d) / (a), (b) and (d)
3)(a), (b) आणि (c) / (a), (b) and (c)✓ Correct
4)वरीलपैकी सर्व / All of the above

GATT was established in 1948 with 23 founding members and laid the groundwork for international trade rules. It was eventually succeeded by the World Trade Organization (WTO) in 1995. Thus, statements (a), (b), and (c) are correct.

🏛️ The Maharashtra angle

Impact of WTO/GATT on Indian agriculture and state exports.

जोड्या लावा : गट - अ ( आर्थिक सुधारणा ) (a) विमुद्रीकरण (b) नवा बेनामी कायदा (c) दिवाळखोरी कायदा (d) आधार कायदा Match the following : Group - A (Economic Reforms) (a) Demonetisation (b) New Benami Law (c) Bankruptcy Law (d) Aadhar Act गट - ब ( उद्दिष्ट्ये ) (i) काळ्या पैशाचे नियंत्रण (ii) खोटे चलन निष्कासित करणे (iii) अनुदानांचे तकार्थीघटीकरण (iv) व्यवसाय सरळतेस प्रवर्तिंत करणे Group - B (Objectives) (i) Checking black money (ii) Removing fake currency (iii) Rationalising subsidies (iv) Promoting ease of doing business

(a)विमुद्रीकरण / Demonetisation

(b)नवा बेनामी कायदा / New Benami Law

(c)दिवाळखोरी कायदा / Bankruptcy Law

(d)आधार कायदा / Aadhar Act

1)(iv) (iii) (ii) (i)
2)(ii) (i) (iv) (iii)✓ Correct
3)(ii) (i) (iii) (iv)
4)(i) (ii) (iii) (iv)

Demonetization aimed to remove fake currency (ii), the New Benami Law checks black money (i), the Bankruptcy Law promotes ease of doing business (iv), and the Aadhar Act helps in rationalizing subsidies (iii). Thus, matching (a)-(ii), (b)-(i), (c)-(iv), (d)-(iii) forms option 2.

🏛️ The Maharashtra angle

Implications of these central economic reforms affected industries, agriculture, and urban administration across Maharashtra.

सन 1991 मध्ये विकासाचे एलू.पी.जी. प्रतिमान ____________ या वेळेलोच्या अर्थ मंत्र्यांनी अमलात आणले. The LPG model of development was introduced in 1991 by then Finance Minister

1)P.V. Narasimha Rao
2)Pranab Mukherjee
3)Dr. Manmohan Singh✓ Correct
4)P. Chidambaram

Dr. Manmohan Singh was the Union Finance Minister in the P.V. Narasimha Rao government who presented the landmark 1991 Union Budget and introduced the LPG reforms.

'Communication Technology' has been the single most important economic force shaping all societies over the past half-century with geography, national borders and time zones becoming irrelevant with 'the new communication revolution'. In today's changing world, global electronic commerce is growing so fast and creating new opportunities for trade that no country can afford to miss it. Such explosive innovations and developments in science and technology have deeply influenced the direction and trends in international trade. The role of international trade in the process of economic development is widely recognized. International trade brings a variety of static and dynamic gains and thus increases the capacity for development. Larger the volume of trade, greater is the potential for development. Economic history finds success stories of various countries, which were relatively underdeveloped at one time but were converted to the category of developed countries through foreign trade. Trade is as old as human society itself, as no man, and more so, no society, can ever be self-sufficient. In ancient times trade was in the form of barter, but afterwards, not only did trade change from barter to money, but from a stroke of a computer keyboard, people could enter into a transaction not only in goods and services but also in stocks and bonds, financial lending and national and international currency dealing from one corner to another corner of the world. Export promotion being one of the main facets of fast and steady growth, considerable attention has been given to export incentives since the nineteen sixties. It has been realized that "export growth is not a luxury" for India. It is a prerequisite for adequate foreign exchange earnings, to maintain the tempo of economic development without sacrificing the country's self-reliance. However, exports can play an effective role "as an engine of economic growth" in Indian conditions. Export trade is a vital variable in the Indian economic situation. It plays a paramount role in Indian economic development. It is indeed exports that activate the use of unexploited natural and human resources, break the limitations of the domestic market, strengthen and organize the stagnant economy and minimize the dependence on foreign aid, which, since long is believed to accelerate the pace of economic transformation. Exports are a key factor in the development process of any economy. The logical grounds can be considered in terms of both, the direct and indirect gains of exports in a developing economy like India.

भौगोलिक, राष्ट्रीय सीमा व कालमर्यादा निरर्थक ठरत आहेत कारण Geographical, national borders and time zones are becoming irrelevant because of

1)संवाद तंत्रज्ञान / Communication technology
2)नवी संवाद क्रांती / The new communication revolution✓ Correct
3)माहिती संप्रेषण तंत्रज्ञान / Information communication technology
4)डिजिटल टूल्स / Digital tools

Globalization and ICT have erased geographical borders and time zones, enabling seamless cross-border trade, remote working, and 24/7 global markets.

व्यापार ही मानवी संस्कृती इतकीच जुनी बाब आहे. कारण Trade is as old as human society because

1)कोणीही स्वयंपूर्ण नाही / No one is self-sufficient✓ Correct
2)विकासाची हाव / Greed of development
3)गरजा अमर्याद आहेत / Wants are unlimited
4)साधन संपती मर्यादित आहे / Resources are limited

Trade stems from the natural division of labor and differences in resource endowments across regions, making it a fundamental human activity since ancient times.

एल.पी.जी. चा अन्वयार्थ काय ? LPG stands for

1)लिक्विडिटी, प्रॉफिटॅबिलिटी अँड ग्रोथ / Liquidity, Profitability and Growth
2)लिबरलायझेशन, प्रायव्हटायझेशन अँड ग्रोथ / Liberalisation, Privatisation and Growth
3)लिबरलायझेशन, प्रायव्हटायझेशन अँड ग्लोबलायझेशन / Liberalisation, Privatisation and Globalisation✓ Correct
4)वरीलपैकी एकही नाही / None of the above

In the context of India's 1991 economic reforms, LPG stands for Liberalisation, Privatisation, and Globalisation.

🏛️ The Maharashtra angle

1991 reforms deeply transformed Mumbai as the financial capital of India through globalisation.

खालीलपैकी कोणते काम सुतीकापडाच्या गिरण्यांमध्ये समाविष्ट होत नाही? Which of the following activities is not included in cotton textile mills ?

1)(1) सूतकातणे / Spinning
2)(2) विपणे / Weaving
3)(3) डिझाईनिंग / Designing
4)(4) सरकी काढणे / Ginning✓ Correct

Ginning (सरकी काढणे) is the process of separating cotton fibers from cotton seeds, which takes place prior to spinning and is classified as a primary processing agricultural activity rather than a part of cotton textile mills manufacturing.

🏛️ The Maharashtra angle

Maharashtra has extensive cotton ginning and pressing units in Vidarbha/Marathwada.

1991 च्या आर्थिक अरिष्टाची कोणती लक्षणे होती ? Economic crisis of 1991 was characterised by

(a)परकीय चलन गंगाजळीत घट / Reduced foreign exchange reserves

(b)भारतीय विदेशी कर्जास आंतरराष्ट्रीय धनकॉकडून फेरमंजूरी / Rolling over of Indian foreign debt by international creditors

(c)राजकोषीय तुटीतील वाढ / Increase in fiscal deficit

(d)साठ्यातून सुवर्णविक्री / Sale of gold from reserves

1)(1) अ, ब आणि क फक्त / a, b and c only
2)(2) ब, क आणि ड फक्त / b, c and d only
3)(3) क, ड आणि अ फक्त / c, d and a only✓ Correct
4)(4) ड, अ आणि ब फक्त / d, a and b only

The 1991 economic crisis was triggered by severely depleted foreign exchange reserves, high fiscal deficit, and emergency measures like selling gold reserves. Rolling over of foreign debt by international creditors was a containment measure or part of the IMF negotiation context rather than a direct structural symptom of the crisis itself in standard textbook phrasing, or specifically points to a, c, and d.

पुढील दोन विधानांपैकी कोणते योग्य आहे ? Which of the following two statements is/are correct ?

(a)विशेष आर्थिक क्षेत्रातील उत्पादकांना ज्या सूट/सवलती दिल्या जातात त्या प्रत्यक्ष करत नाही परंतु निर्यात प्रोत्साहनार्थ व पायाभूत सुधारणांकरिता दिल्या जातात.

(b)तसेच त्या कोणत्याही कामगार विषयक आदेश, निर्देशन वा कायद्यासंदर्भात नाहीत.

1)फक्त अ / Only a
2)फक्त ब / Only b✓ Correct
3)दोन्ही अ आणि ब / Both a and b
4)दोन्ही नाहीत / Neither a nor b

Special Economic Zones (SEZs) offer tax and infrastructure incentives to promote exports, and they often relax or provide special dispensations regarding labor laws to attract investments.

🏛️ The Maharashtra angle

Maharashtra has major SEZs like SEEPZ Mumbai and Nagpur MIHAN.

मुगा रेशिमच्या उत्पादनात मक्तेदारी आहे त्याचे उत्पादन ______ राज्यांत होते. India has monopoly in the production of Muga Silk. It is produced in the states of

1)आसाम आणि बिहार / Assam and Bihar✓ Correct
2)बिहार आणि उत्तर प्रदेश / Bihar and Uttar Pradesh
3)कर्नाटक आणि तामिळनाडू / Karnataka and Tamil Nadu
4)काश्मिर आणि हिमाचल प्रदेश / Kashmir and Himachal Pradesh

India holds a global monopoly in the production of golden Muga silk, which is exclusively produced in the northeastern state of Assam.

खालीलपैकी कोणत्या एका राज्याने भारतात सर्वप्रथम "सेज" विषयक धोरण रद्द केले ? / Which one of the following states, is the first to scrap the "SEZ" policy in India ?

1)गुजरात / Gujarat
2)पश्चिम बंगाल / West Bengal
3)महाराष्ट्र / Maharashtra
4)गोवा / Goa✓ Correct

Goa was famously one of the first states in India to scrap its Special Economic Zone (SEZ) policy due to widespread local protests over land acquisition and environmental concerns.

🏛️ The Maharashtra angle

Maharashtra has many operational SEZs, contrasting with Goa's total scrapping.