The Engineering and Capital Goods Sector is a backbone of industrial growth, driving advancements in technology, infrastructure, and economic development. This article, titled Engineering and Capital Goods Sector GK MCQs With Answer & Explanation in English, offers a comprehensive set of multiple-choice questions covering key aspects of this sector.
With answers and in-depth explanations, this guide is designed to enhance your understanding of engineering principles, capital goods production, and industry trends—ideal for exam preparation or anyone interested in the workings of this crucial industry. Dive in to test and expand your knowledge!
1. In which year was the Engineering Exports Promotion Council set up?
- 1961
- 1951
- 1955
- 1950
Show Answer
Answer: 1955
The Engineering Exports Promotion Council (EEPC) India is the premier trade and investment promotion organisation sponsored by the Ministry of Commerce & Industry, Government of India, and caters to the Indian engineering sector. It was set up in 1955.
2. When did India become a permanent member of the Washington Accord?
- 2015
- 2018
- 2014
- 2010
Show Answer
Answer: 2014
India became a permanent member of the Washington Accord (WA) in June 2014. The Washington Accord is an international accreditation agreement for undergraduate professional engineering academic degrees between the bodies responsible for accreditation in its signatory countries and regions.
3. Which country is the largest importer of Engineering goods from India?
- USA
- Germany
- Japan
- Bangladesh
Show Answer
Answer: USA
India exports engineering goods mostly to the US and Europe, which account for over 60% of the total export.
4. What is the contribution of capital goods to Indian manufacturing output?
- 22%
- 12%
- 10%
- 25%
Show Answer
Answer: 12%
The capital goods contribution to Indian manufacturing output is 12%. It generates jobs for 1.4 million direct jobs and 7 million indirect jobs.
5. What is a capital goods industry?
- Goods used in the production of other goods
- Industry that provides capital to other industries
- Industry that produces Finished goods
- Industry that produces goods for the service sector
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Answer: Goods used in the production of other goods
Capital Goods refer to products that are used in the production of other products but are not incorporated into the new product. These include machine tools, industrial machinery, process plant equipment, construction & mining equipment, electrical equipment, textile machinery, printing & packaging machinery, etc.
6. In which year was the National Capital Goods Policy announced?
- 2015
- 2016
- 2017
- 2018
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Answer: 2016
The Government of India released the National Capital Goods Policy in 2016. It is to add value to the manufacturing sector.
7. What is the contribution of capital goods to Indian GDP?
- 3.5%
- 0.018
- 4%
- 5.6%
Show Answer
Answer: 0.018
The capital goods industry contributes 12% to the total manufacturing output of India and around 1.8% to the national GDP. Capital Goods industry broadly consists of five segments viz. Electrical equipment, Process plant equipment, Earth moving, Construction & mining machinery, Machine tools, and Textile machinery.
8. What is the contribution of imports to India’s demand for capital goods?
- 33%
- 45%
- 54%
- 66%
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Answer: 45%
The imports contribute about 45% to the demand for Indian capital goods. The domestic production meets only about 60-70% of the demand.
9. Which of the following is a permanent member of the Washington Accord?
1. India
2. Japan
3. China
4. Australia
Choose the correct option from the codes given below:
- 1 and 3 only
- 1, 2, and 4 only
- 2 and 4 only
- All of the above
Show Answer
Answer: All of the above
The full signatories of the Washington Accord are Australia, Canada, China, Hong Kong, India, Ireland, Japan, Korea, Malaysia, New Zealand, Pakistan, Peru, Philippines, Russia, Singapore, South Africa, Sri Lanka, Taiwan, Turkey, the United Kingdom, and the United States.
10. What is Technology Acquisition Fund Programme (TAFP)?
- TAFP will provide technological assistance to the Indian capital goods industry
- TAFP will provide financial assistance to the Indian capital goods industry
- TAFP will provide financial assistance to the Indian FMCG industry
- TAFP will provide technical assistance to the Indian FMCG industry
Show Answer
Answer: TAFP will provide financial assistance to the Indian capital goods industry
TAFP (Technology Acquisition Fund Programme) will provide financial assistance to the Indian capital goods industry to facilitate the acquisition of strategic and relevant technologies and also development of technologies through contract route, in-house route, or JV.
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