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

Question : 1

Who among the following is appointed as the President of ASSOCHAM.

a) Rana Kapoor

b) R. Shiv Kumar

c) Sandeep Jajodia

d) Sunil Kanoria

Question : 2

Which statement is correct regarding energy?

1. Coal was the most important source of energy during the Industrial Revolution. In the 20th century, it was replaced by oil, which was an even cheaper source.
2. When the oil-producing countries formed a cartel (OPEC) and increased the price of crude oil from USD2.1 per barrel in 1973 to as much as $28 per barrel in 1980, it hit developing countries like India the most.

a) I & II

b) Only II

c) Only I

d) None of these

Question : 3

Container Corporation of India Limited (CONCOR), a public sector undertaking is under the administration control of which of the following ministries?

a) Small scale

b) Ministry of Railways

c) Heavy Industry

d) Shipping Road Transport and Highways

Question : 4

When was the ‘Policy Package for Setting up Credit to Small and Medium Enterprises’ announced?

a) March 2009

b) August 2005

c) November 2010

d) February 2007

Question : 5

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

a) Birla group

b) Reliance group

c) Tata group

d) Shriram group

Question : 6

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