Practice Industries manufacturing service sectors - indian economy mcq Online Quiz (set-2) For All Competitive Exams
Q-1) According to the evaluation of Asian Development Bank the economic growth of India in 2013 is expected ?
(a)
(b)
(c)
(d)
ADB’s flagship annual economic publication, Asian Development Outlook 2013 evaluated the economic growth of India in 2013 to 6.0 % and 6.5 % in 2014.
Q-2) When was the first modern paper mill of the country set up?
(a)
(b)
(c)
(d)
Paper and Paper Board is a forest-based industry. In 1832 the first modern paper mill of the country was set up at Serampore in West Bengal.
Q-3) When was the first modern paper mill of the country set up?
(a)
(b)
(c)
(d)
Paper and Paper Board is a forest-based industry. In 1812 the first modern paper mill of the country was set up at Serampore in West Bengal.
Q-4) In which among the following years, a new “ Liberalized Industrial Policy “ in India was announced for the first time?
(a)
(b)
(c)
(d)
Q-5) The base of Consumer Price Index for Industrial Workers is being shifted from 1982 to—
(a)
(b)
(c)
(d)
Q-6) Match the given companies with their locations and select the correct answer by using the codes given below:
List I
List II
(Company)
(Location)
A. Balco
1. Hirakund
B. Hindalco
2. Korba
C. Indian Aluminium company
3. Koraput
D. Nalco
4. Renukoot
Codes: A B C D
| List I | List II |
| (Company) | (Location) |
| A. Balco | 1. Hirakund |
| B. Hindalco | 2. Korba |
| C. Indian Aluminium company | 3. Koraput |
| D. Nalco | 4. Renukoot |
(a)
(b)
(c)
(d)
The correct locations of the given companies are :
- BALCO — Korba
- HINDALCO — Renukoot
- Indian Aluminium Company — Hirakund
- NALCO — Koraput
Q-7) With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements?
- The assets in the National Investment Fund are managed by the Union Ministry of Finance.
- The National Investment Fund is to be maintained within the Consolidated Fund of India.
- Certain Asset Management companies are appointed as fund managers.
- A certain proportion of annual income is used for financing select social sectors.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
On 27 January 2005, the Government had decided to constitute a ‘National Investment Fund’ (NIF) into which realization from the sale of minority shareholding of the Government in CPSEs would be channelised.
This fund is managed by professionals and a part of it is used for use in the social sector – like education, health care and employment.
Q-8) Despite having large reserves of coal, why does India import millions of tonnes of coal?
- It is the policy of India to save its own coal reserves for future, and import it from other countries for the present use.
- Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.
- Steel companies need large quantity of coking coal which has to be imported.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Q-9) Consider the following statements according to Micro, Small and Medium Enterprises Development (MSMED) Act 2006 of Indian Economy.
- The Micro Enterprises are those whose capital asset is less than 25 lakh.
- Small Enterprises are those industries whose capital asset is from 10 lakh to 5 crores.
- The capital asset including machinery of more than 5 crores is known as Medium Enterprises.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
A microenterprise is an enterprise where investment in plant and machinery does not exceed RS. 25 lakh.
A small enterprise is an enterprise where the investment in plant and machinery is more than RS. 25 lakh but does not exceed RS. 5 crore, and A medium enterprise is an enterprise where the investment in plant and machinery is more than RS. 5 crore but does not exceed RS. 10 crore.
Q-10) With reference to the Public Sector Undertakings in India, consider the following statements
- Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.
- Project and Equipment Corporation of India Limited is under the Ministry of Industry.
- One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities.
Which of these statements is/are correct?
(a)
(b)
(c)
(d)
Minerals and Metals Trading Corporation Limited (MMTC) is one of the two biggest foreign exchange earners for India. It is a leading international trading company with a turnover of over 68,885 crore rupees in 2010–11.
It is the largest international trading company of India and the first Public Sector Enterprise to be accorded the status of FIVE STAR EXPORT HOUSE by Govt. of India for long-standing contribution to exports.
MMTC is the largest non-oil importer in India.
Q-11) Which Indian Company has been included for the first time in U.S. A’s index NASDAQ-100?
(a)
(b)
(c)
(d)
Software major Infosys Technologies is included in the coveted Nasdaq100 Index.
This is the first time that an Indian company has found a place in a stock index outside the country.
Q-12) Consider the following statements :- National Thermal Power Corporation has diversified into hydropower sector.
- Power Grid Corporation of India has diversified into telecom sector.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
In order to give impetus to hydro power growth in the country and to have a balanced portfolio of power generation, NTPC entered hydro power business with the 800 MW Koldam hydro project in Himachal Pradesh. Two more projects have also been taken up in Uttarakhand.
Q-13) Consider the following statements :- The first news print plant was set up in India at Nepanagar.
- The first modern steel plant in India was set up at Bhadrawati.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The first newsprint plant was set up in India at Nepanagar in 1948.
Q-14) Consider the following statements: - Inflation benefits the debtors.
- Inflation benefits the bondholders.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Those who benefit from higher inflation are debtors and those who suffer from it are creditors. If one has substantial debt, each rupee one has to repay would be worth less than when it was borrowed. In this way, one pays back less in real terms.
Q-15) Consider the following statements :- The erratic trend in the production of sugar is mainly due to monsoons.
- The output of sugar is influenced by both cane and Gur prices.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The erratic trend in production of sugar is mainly due to monsoons and the output of sugar is influenced by both cane and gur prizes.
Q-16) Consider the following statements regarding the "Common Services Centre (CSC)":
- They are part of the Digital India programme
- They are implemented on public-private partnership modal
- They are provided exclusively by the government
- They act as access points for the delivery of various electronic services
Select the correct answer using the code given below:
(a)
(b)
(c)
(d)
The concept of the Common Services Centre (CSCs) was approved in 2006 as part of the National e-Governance Plan. CSCs are set up in a public-private partnership model, with a designated state agency being a franchisor of sorts for village-level entrepreneurs (VLEs) to set up centres.
VLEs must meet a set of minimum requirements. They must have passed a matriculation-level examination by a recognized board, be fluent in reading and writing the local language, and make arrangements for infrastructure. Presently there are close to 2,00,000 CSCs across India.
CSCs help people apply online for a range of services — passport registration, PAN cards and Aadhaar cards, banking correspondents, and a whole host of other certificates, and without them, people will have to visit a government office. CSC operators scan documents and upload them through a portal to the relevant government office that will then send back a completed certificate or card. They are like cyber cafes, except they connect only to Digital India.
CSCs are a cornerstone of the Digital India programme. They are the access points for the delivery of various electronic services to villages in India, thereby contributing to a digitally and financially inclusive society. CSCs are more than service delivery points in rural India. They are positioned as change agents, promoting rural entrepreneurship and building rural capacities and livelihoods. They are enablers of community participation and collective action for engendering social change through a bottom-up approach with a key focus on the rural citizen.
CSCs enable the three vision areas of the Digital India programme:
- Digital Infrastructure as a core utility to every citizen
- Governance and services on demand
- Digital empowerment of citizens
Over the past three or four years, a huge number of these centres have added services like banking and insurance to their offerings.
In a sense, they are an organic response to the growth in demand for digitized government services that a piece of static State machinery cannot keep up with and the free market has seemingly ignored.
Q-17) When development in economy takes place, the share of tertiary sector in national income
(a)
(b)
(c)
(d)
When development in the economy takes place, the share of the tertiary sector in national income keeps on increasing because the tertiary sector is involved in services within and outside the country.
With development the disposable income of individuals income results in the growth of banking, trading, communication etc., both domestically and internationally.
Q-18) Which of the following are part of the 'Index of Industrial Production (IIP)'?
- Mining and quarrying
- Electricity generation
- Construction
- Forestry
Select the correct answer using the code given below:
(a)
(b)
(c)
(d)
The scope of the Index of Industrial Production (IIP) as recommended by the United Nations Statistical Office (UNSO) includes mining, manufacturing, construction, electricity, gas and water supply.
But due to constraints of data availability, the IIP compiled in India has excluded construction, gas and water supply sectors. (And Forestry is not part of the industrial activity)
| Base Year 2011-12 | Index of Industrial Production (IIP) |
| (Weights) | |
| Mining | 14.373 |
| Manufacturing | 77.633 |
| Electricity | 7.994 |
| D. Uranus | 4. Titania |
Q-19) Which of the following are the main components of the KUSUM scheme?
- Installation of grid-connected solar power plants in remote areas
- Installation of standalone off-grid solar water pumps
- Solarization of existing grid-connected agricultural pumps
Select the correct answer using the code given below:
(a)
(b)
(c)
(d)
Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) Scheme is for harnessing solar power for rural India. Solar water pumps to be installed in remote areas for irrigation needs Farmers can get extra income by selling surplus solar power to DISCOMs.
The following are the main components of the scheme:
- Installation of grid-connected solar power plants each of capacity up to 2 MW in the rural areas;
- Installation of standalone off-grid solar water pumps to fulfil irrigation needs of farmers not connected to the grid;
- Solarization of existing grid-connected agriculture pumps to make farmers independent of grid supply and also enable them to sell surplus solar power generated to DISCOM and get extra income; and
- Solarization of tube-wells and lift irrigation projects of the Government sector.
Q-20) NASSCOM is the organisation of companies of which sector?
(a)
(b)
(c)
(d)
NASSCOM is the organisation of companies of Information technology.