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

Question : 1

As the economy develops, the share of the tertiary sector in the GDP:

a) Increases

b) Decreases

c) Decreases then increases

d) Remains constant

Question : 2

Which statement is correct regarding village industries?

1. The industries established in rural areas having population below 10,000 and having less than ` 15,000 as fixed capital investment per worker will be termed as village industries.
2. KVIC and state village Industries Board provide economic and technical assistance in establishing and operating these industrial units.

a) Only II

b) Only I

c) I & II

d) None of the above

Question : 3

GCIL—an American company of chemical sector has been acquired by—

a) Birla group

b) Reliance group

c) Tata group

d) Shriram group

Question : 4

Which one of the following is not correctly matched?

a) Tata Steel : Chorus Group

b) Jet Airways : Air Sahara

c) Hindalco industries : Novelis

d) Kingfisher Airlines : MDR Airlines

Question : 5

Maruti views Tata Motors as a prominent competitor but does not view Volvo as a competitor. This type of competition in the market is known as

a) Production flow competition

b) Cost control competition

c) Product competition

d) None of these

Question : 6

When development in economy takes place, the share of tertiary sector in national income

a) keeps on increasing

b) first falls and then rises

c) first rises and then falls

d) remains constant