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

Answer: (c)

Maruti views Tata motors as a prominent competitor but does not view Volvo as a competitor. This type of competition in the market is knwon as product competition because the companies are competing on the same and similar products.

Answer: (d)

Hindalco industries : Novelis

Tata Steel : Chorus group

Jet airways : Air Sahara

Kingfisher Airlines: MDR Airlines Kinfisher Airlines is not correctly matched with MDR Airlines.

Answer: (a)

SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises (SMILE) scheme:

The objective of the Scheme is to provide soft loans (mainly long-term loans) on relatively soft terms to MSMEs to meet the required debt-equity ratio for the establishment of an MSME as also for pursuing opportunities for growth for existing MSMEs. The focus is on all the identified 25 Make in India sectors or other sectors as may be added, in the Make in India Programme.

Emphasis will be on covering new enterprises in the manufacturing as well as services sector. Existing enterprises will also be covered which are undertaking expansion, to take advantage of new emerging opportunities, as also undertaking modernization, technology up-gradation or other projects for growing their business.

Answer: (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:

1. Digital Infrastructure as a core utility to every citizen
2. Governance and services on demand
3. 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.

Answer: (a)

During the last decade, the tertiary sector has shown remarkable expansion.

In the last decade, India has expanded maximum in providing services like IT, Telecommunication, Healthcare, Tourism which is contributing around 60% to GDP.

Primary Sectors - Primary activities are those which are based on natural resources. It is called the Agriculture sector. Examples - Types of crops, livestock rearing dairy farming, fishing.

Secondary Sectors - Secondary sector follows primary activities in which the natural products are changed to manufacture. It is called the Industrial sector.

Tertiary Sectors - Activities that assist the development of primary and secondary sectors are carried out. Generally, services are involved like doctors, teachers, lawyers, administrators. New services like IT, software company etc. have become important Tertiary activities.

Answer: (b)

All comes under the category of Maharatna.