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Evolution of Telangana Economy MCQs

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From the 100 in PrepShark’s Evolution of Telangana Economy set (Telangana Economy). Pick an answer, then open the explanation.

  1. Question 01

    Consider the following statements about the Singareni coal industry: 1. Coal was found near Yellandu in 1871. 2. The Hyderabad (Deccan) Company obtained coal-mining rights in 1886. 3. The Singareni Collieries Company Ltd was incorporated on 23 December 1920. 4. The company came under majority ownership of a government only after 1956, when it passed to Andhra Pradesh. Which of the statements given above is/are correct?

    1. Option A: 1 and 2 only
    2. Option B: 1, 2 and 3 only
    3. Option C: 2, 3 and 4 only
    4. Option D: 1, 2, 3 and 4
    Answer and explanation

    Answer: B. 1, 2 and 3 only

    **Statement 1 is correct.** Coal was located near **Yellandu** (now in Khammam district) in **1871** by Dr King of the **Geological Survey of India**. **Statement 2 is correct.** The **Hyderabad (Deccan) Company**, incorporated in England, received mining rights in **1886**. **Statement 3 is correct.** **Singareni Collieries Company Ltd (SCCL)** was incorporated on **23 December 1920**. **Statement 4 is incorrect.** The **Hyderabad State** bought **majority shares in 1945**, well before 1956.

  2. Question 02

    The bank established in Hyderabad State in 1941, which became the State Bank of Hyderabad in 1956, was the

    1. Option A: Imperial Bank of India
    2. Option B: Andhra Bank
    3. Option C: Hyderabad State Bank
    4. Option D: Industrial Trust Fund
    Answer and explanation

    Answer: C. Hyderabad State Bank

    **Why C is correct.** The **Hyderabad State Bank** was set up in **1941** as the State's own bank and was renamed the **State Bank of Hyderabad** in **1956**. **Why A is incorrect.** The **Imperial Bank** was an all-India bank that became the **State Bank of India** in **1955**, not the State Bank of Hyderabad. **Why B is incorrect.** **Andhra Bank** began in **Machilipatnam** in the coastal region, outside Hyderabad State. **Why D is incorrect.** The **Industrial Trust Fund** was an investment fund of the Nizam's government, not a bank.

  3. Question 03

    Consider the following statements about the Backward Regions Grant Fund: 1. It was launched on 19 February 2007 at Barpeta in Assam. 2. Each covered district received a Development Grant of at least ₹50 crore a year under its 2006–07 guidelines. Which of the statements given above is/are correct?

    1. Option A: 1 only
    2. Option B: 2 only
    3. Option C: Both 1 and 2
    4. Option D: Neither 1 nor 2
    Answer and explanation

    Answer: A. 1 only

    **Statement 1 is correct.** The **BRGF** was launched on **19 February 2007** at **Barpeta, Assam**. **Statement 2 is incorrect.** The **minimum** Development Grant was **₹10 crore** a year per district, plus a share by population and area, not ₹50 crore.

  4. Question 04

    Government Order (G.O.) Ms. 610 is associated with

    1. Option A: the repatriation of non-local employees holding posts reserved for Telangana candidates
    2. Option B: the allocation of Krishna water between the regions
    3. Option C: the constitution of the Telangana Regional Committee
    4. Option D: the reservation of seats in Telangana's colleges
    Answer and explanation

    Answer: A. the repatriation of non-local employees holding posts reserved for Telangana candidates

    **Why A is correct.** **G.O. Ms. 610** ordered the **repatriation** of **non-locals** appointed in violation of the **Presidential Order** on local cadres to posts in the Telangana zones. **Why B is incorrect.** River water was not the subject of **G.O. 610**, which dealt with **employment**. **Why C is incorrect.** The Regional Committee was created by the **1958 Order** under Article 371(1). **Why D is incorrect.** College admissions were covered by the **Gentlemen's Agreement** and later **Article 371D**, not G.O. 610.

  5. Question 05

    Which of the following gives the correct order of sectors by their share in Telangana's Gross State Value Added in 2014–15 (current prices, 2011–12 series), largest first?

    1. Option A: Services, industry, agriculture and allied activities
    2. Option B: Agriculture and allied activities, services, industry
    3. Option C: Industry, services, agriculture and allied activities
    4. Option D: Services, agriculture and allied activities, industry
    Answer and explanation

    Answer: A. Services, industry, agriculture and allied activities

    **Why A is correct.** In **2014–15** the shares were **services 61.3%**, **industry 22.4%** and **agriculture and allied 16.3%**. **Why B is incorrect.** Agriculture was the **smallest** of the three sectors in 2014–15. **Why C is incorrect.** Industry (**22.4%**) was well behind services (**61.3%**). **Why D is incorrect.** Industry (**22.4%**) was larger than agriculture (**16.3%**).

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