Industry: UPSC Previous Year Questions (Indian Economy)
2 previous year UPSC Prelims questions on Industry (Indian Economy). Choose an option to see the answer and explanation.
Explanations state facts as of the year each question was asked; words like “recently” refer to that year.
Showing 1–2 of 2 questions
UPSC 2002Indian Economy · Industry
Q1. With reference to the Public Sector Undertakings in India, consider the following statements: 1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country 2. Project and Equipment Corporation of India Limited is under the Ministry of Industry 3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities Which of these statements is/are correct?
Explanation
Statement 1 is correct: The Minerals and Metals Trading Corporation of India Limited (MMTC) is one of the largest non-oil importers in India, focusing on minerals, metals, and agricultural commodities.
Statement 2 is incorrect: The Project and Equipment Corporation of India Limited (PEC) operates under the Ministry of Commerce and Industry, not exclusively under the Ministry of Industry. It focuses on project exports, providing project engineering, consultancy, and execution services.
Statement 3 is incorrect: The Export Credit Guarantee Corporation of India Limited (ECGC) does not enforce quality control or pre-shipment inspection. Its primary objective is to provide export credit insurance to Indian exporters. This insurance protects exporters against risks like non-payment by foreign buyers, political risks, and other uncertainties associated with international trade. ECGC facilitates exports by reducing these risks, encouraging exporters to venture into new markets.
UPSC 2002Indian Economy · Industry
Q2. HINDALCO, an aluminium factory located at Renukut owes its site basically to:
Explanation
Weber’s theory of industrial location emphasizes minimizing transportation and production costs as key factors in determining where industries should be located. Industries tend to locate near raw materials (if they are heavy and bulky), energy sources, and markets to reduce transportation costs. Labour availability and cheap energy also influence location choices. The theory also highlights agglomeration, where industries benefit from clustering together to share infrastructure and resources, improving efficiency and reducing costs.
Option (b) is correct: The HINDALCO aluminum factory at Renukut, Uttar Pradesh, is primarily located due to the abundant supply of power from the Rihand Dam hydroelectric project. Aluminum production is highly energy-intensive, making proximity to reliable power sources a critical factor.
Answer key for these questions
Q
UPSC year
Correct answer
1
2002
(a) 1 only
2
2002
(b) abundant supply of power
Frequently asked questions
How many previous year UPSC questions are there on Industry?
This page covers 2 previous year UPSC Prelims GS Paper-I questions on Industry (Indian Economy), asked from 1996 to 2025. Each has the correct answer and an explanation.
How should I use previous year UPSC questions for Prelims?
Attempt each question first, then open the answer and read the explanation for every option. Repeat by chapter, and track which statements UPSC reuses across years. Previous year questions show the exam pattern and difficulty level.
Which years are covered for Industry?
Questions on Industry (Indian Economy) are available for 19 years, from 1996 to 2025. Use the Year filter to practise a single paper.
