{"id":72152,"date":"2024-04-20T11:22:13","date_gmt":"2024-04-20T11:22:13","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=72152"},"modified":"2024-04-20T11:22:13","modified_gmt":"2024-04-20T11:22:13","slug":"the-punjab-state-industrial-development-corporation-psidc-plays-a-role-in","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-punjab-state-industrial-development-corporation-psidc-plays-a-role-in\/","title":{"rendered":"The Punjab State Industrial Development Corporation (PSIDC) plays a role in:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Land acquisition for industries&#8221; option2=&#8221;Development of industrial estates&#8221; option3=&#8221;plays a role in: a) Land acquisition for industries b) Development of industrial estates c) Providing financial assistance&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: d) All of the above.<\/p>\n<p>The Punjab State Industrial Development Corporation (PSIDC) is a state government undertaking that was established in 1962 to promote industrial development in the state of Punjab, India. The PSIDC plays a role in all aspects of industrial development, including land acquisition, development of industrial estates, and providing financial assistance to industries.<\/p>\n<p>The PSIDC has acquired land for industrial development in various parts of the state, including Ludhiana, Jalandhar, Amritsar, and Mohali. The PSIDC has also developed industrial estates in these cities, which provide infrastructure facilities such as roads, water, electricity, and sewerage to industries. The PSIDC also provides financial assistance to industries in the form of loans, grants, and subsidies.<\/p>\n<p>The PSIDC has played a significant role in promoting industrial development in Punjab. The PSIDC has helped to attract a number of large and small industries to the state, which has created employment opportunities and contributed to the economic growth of Punjab.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option a: Land acquisition for industries. The PSIDC acquires land for industrial development in various parts of the state. The land is then leased to industries at a nominal rate.<\/li>\n<li>Option b: Development of industrial estates. The PSIDC develops industrial estates in various parts of the state. The industrial estates provide infrastructure facilities such as roads, water, electricity, and sewerage to industries.<\/li>\n<li>Option c: Providing financial assistance. The PSIDC provides financial assistance to industries in the form of loans, grants, and subsidies. The financial assistance is provided to help industries set up their operations and expand their businesses.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Land acquisition for industries&#8221; option2=&#8221;Development of industrial estates&#8221; option3=&#8221;plays a role in: a) Land acquisition for industries b) Development of industrial estates c) Providing financial assistance&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[991],"tags":[],"class_list":["post-72152","post","type-post","status-publish","format-standard","hentry","category-punjab-gk-mcq","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Punjab State Industrial Development Corporation (PSIDC) plays a role in:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-punjab-state-industrial-development-corporation-psidc-plays-a-role-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Punjab State Industrial Development Corporation (PSIDC) plays a role in:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Land acquisition for industries&#8221; 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