MCQ Test: India Unveils Key Economic and Social Policies: Rare Earth Magnet Manufacturing, Export Subsidies, and New Labour Codes

1. What is the primary objective of the 'first-of-its-kind' financial outlay of ₹7,280 crore approved by the Union Cabinet?

A) To promote the manufacturing of electric vehicles in India. B) To establish integrated rare earth permanent magnet (REPM) manufacturing facilities. C) To subsidize the import of rare earth minerals for various industries. D) To fund research and development in aerospace technology.

2. Rare earth permanent magnets (REPMs) are identified as crucial components for which of the following applications?

A) Traditional textile production and handicrafts. B) Electric vehicles, renewable energy systems, and defence applications. C) Agricultural machinery and irrigation systems. D) Conventional fossil fuel power generation.

3. What is the main goal of the Interest Equalisation Scheme for exporters?

A) To provide direct cash transfers to export-oriented businesses. B) To make Indian export credit more competitive globally. C) To regulate the prices of imported goods in India. D) To offer subsidies on raw material imports for manufacturers.

4. When did the four new Labour Codes, replacing 29 central labour laws, officially come into effect?

A) November 21, 2024 B) November 21, 2025 C) October 15, 2023 D) December 1, 2026

5. A significant change introduced by the new Labour Codes is the formal recognition and extension of social security coverage to which category of workers for the first time?

A) Public sector employees. B) Agricultural laborers. C) Gig and platform workers. D) Factory workers in organized sectors.

6. The approved Pune Metro Rail Project Phase-2 includes which specific metro lines?

A) Line 1 (Pimpri-Chinchwad to Swargate) and Line 2 (Vanaz to Ramwadi). B) Line 3 (Hinjewadi to Civil Court) and an extension to Nashik. C) Line 4 (Kharadi-Hadapsar-Swargate-Khadakwasla) and Line 4A (Nal Stop-Warje-Manik Baug). D) A new line connecting Pune Airport to the city center.

7. The Ministry of Railways has approved two projects adding approximately 224 kilometers to the existing network across which two states?

A) Uttar Pradesh and Bihar. B) Rajasthan and Madhya Pradesh. C) Gujarat and Maharashtra. D) Karnataka and Telangana.

8. Which Union Ministry is set to host the 'Vision for Sujalam Bharat' Summit 2025?

A) Ministry of Environment, Forest and Climate Change. B) Ministry of Jal Shakti. C) Ministry of Agriculture and Farmers Welfare. D) Ministry of Rural Development.

9. Which of the following is a key theme to be addressed at the 'Vision for Sujalam Bharat' Summit 2025?

A) Promotion of digital literacy and cybersecurity. B) Space exploration and satellite technology. C) River rejuvenation, greywater management, and technology for efficient water management. D) Development of smart cities and urban planning.

10. The initiative to promote rare earth permanent magnet manufacturing aligns with which of India's broader national goals?

A) 'Make in India' and 'Smart Cities Mission'. B) 'Atmanirbhar Bharat Abhiyan' and India's commitment to achieving Net Zero by 2070. C) 'Startup India' and 'Digital India'. D) 'Skill India' and 'Swachh Bharat Abhiyan'.

ALL TN Comp Exams Prep

India Unveils Key Economic and Social Policies: Rare Earth Magnet Manufacturing, Export Subsidies, and New Labour Codes

Your Score: 0 / 0

1. What is the primary objective of the 'first-of-its-kind' financial outlay of ₹7,280 crore approved by the Union Cabinet?

2. Rare earth permanent magnets (REPMs) are identified as crucial components for which of the following applications?

3. What is the main goal of the Interest Equalisation Scheme for exporters?

4. When did the four new Labour Codes, replacing 29 central labour laws, officially come into effect?

5. A significant change introduced by the new Labour Codes is the formal recognition and extension of social security coverage to which category of workers for the first time?

6. The approved Pune Metro Rail Project Phase-2 includes which specific metro lines?

7. The Ministry of Railways has approved two projects adding approximately 224 kilometers to the existing network across which two states?

8. Which Union Ministry is set to host the 'Vision for Sujalam Bharat' Summit 2025?

9. Which of the following is a key theme to be addressed at the 'Vision for Sujalam Bharat' Summit 2025?

10. The initiative to promote rare earth permanent magnet manufacturing aligns with which of India's broader national goals?

India Unveils Key Economic and Social Policies: Rare Earth Magnet Manufacturing, Export Subsidies, and New Labour Codes

Your Score: 0 / 0

1. What is the primary objective of the 'first-of-its-kind' financial outlay of ₹7,280 crore approved by the Union Cabinet?

2. Rare earth permanent magnets (REPMs) are identified as crucial components for which of the following applications?

3. What is the main goal of the Interest Equalisation Scheme for exporters?

4. When did the four new Labour Codes, replacing 29 central labour laws, officially come into effect?

5. A significant change introduced by the new Labour Codes is the formal recognition and extension of social security coverage to which category of workers for the first time?

6. The approved Pune Metro Rail Project Phase-2 includes which specific metro lines?

7. The Ministry of Railways has approved two projects adding approximately 224 kilometers to the existing network across which two states?

8. Which Union Ministry is set to host the 'Vision for Sujalam Bharat' Summit 2025?

9. Which of the following is a key theme to be addressed at the 'Vision for Sujalam Bharat' Summit 2025?

10. The initiative to promote rare earth permanent magnet manufacturing aligns with which of India's broader national goals?

📢 Share this page