industries manufacturing & service sectors section 1 MCQ Questions & Answers Detailed Explanation

Question : 1

Consider the following statements with respect to India’s imports

1. Share of Gold imports in total merchandise imports has steadily decreased in the last decade
2. Share of Petroleum, Oil and Lubricants (POL) in total merchandise imports has steadily increased in the last decade

a) (i) only

b) Both (i) & (ii)

c) (ii) only

d) Neither (i) nor (ii)

Question : 2

urgapur steel plant was set up in assistance of

a) rance

b) UK

c) Germany

d) USA

Question : 3

Which one of the following is correctly matched? Industry Status

a) Coal India Ltd. Mini-Ratna

b) SAIL Maharatna

c) IOC Navratna

d) BHEL Mini-Ratna

Question : 4

Sunrise industries are industries :

a) Which are small scale industries

b) Which are well developed and have ample scope for future development.

c) Which improve exports performance of the country.

d) Which have high growth potential and meet future requirements of the economy.

Question : 5

Consider the following statements:

1. Lack of adequate entrepreneurship and leadership in business.
2. Lack of saving to invest.
3. Lack of technology, skills and infrastructure.
4. Limited purchasing power among the larger masses.

a) 2, 3 and 4

b) 1, 3 and 4

c) 1, 2 and 3

d) 1, 2 and 4

Question : 6

Credit Rating Agencies are regulated by which ministry/ department/ agency?

a) Reserve Bank of India

b) Ministry of Corporate Affairs

c) Securities and Exchange Board of India

d) Ministry of Finance