[Mission 2022] QUIZ – 2022: INSIGHTS STATIC QUIZ, 08 April 2022 – Economy

Solution: d)

Bibek Debroy committee has suggested privatisation of some operations in Indian railways.

Solution: a)

India Infrastructure Fund (IIF) is a SEBI-registered domestic venture capital fund focused on long-term equity investments in a diversified portfolio of infrastructure projects. IIF has been sponsored by IDFC Limited (IDFC), along with Citigroup Inc. (Citi) and India Infrastructure Finance Company Limited (IIFCL) as founder investors.

IIF aims to primarily invest equity for the long-term in companies that derive value from development and operation of infrastructure assets/projects in India. The resulting portfolio is expected to comprise greenfield, brownfield and operational assets/projects in core infrastructure sub-sectors including transport (toll roads, rail, ports, and airports), energy and utilities (power generation, renewables, pipelines, transmission, distribution and storage), telecommunications infrastructure and urban infrastructure.

The investment objectives of IIF are:

• To achieve attractive risk-adjusted returns over the long-term by investing in infrastructure in India.
• To seek investments in infrastructure that are expected to deliver strong, predictable and stable cash flows in the form of dividend distributions with low volatility of returns and potential for capital growth.

Solution: b)

Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gases, petroleum and atomic minerals, for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel, etc. and for administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect of all mines and minerals other than coal, natural gas and petroleum.

The Geological Survey of India (GSI) is a scientific agency of India under the Ministry of Mines.

Solution: c)

A sunrise industry is one that is new or relatively new, is growing fast and is expected to become important in the future. Examples of sunrise industries include hydrogen fuel production, petrochemical industry, food processing industry, space tourism, and online encyclopedias.

Automobile industry is a well-established industry.

Solution: c)

The quaternary sector consists of those industries providing information services, such as computing, ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research, particularly in scientific fields). 

Medical tourism is classified into tertiary sector of the economy, not Quaternary activities.