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

Question : 1

Consider the following liquid assets:

1. Demand deposits with the banks
2. Time deposits with the banks
3. Saving deposits with the banks
4. Currency

a) 2-3-1-4

b) 4-3-2-1

c) 1-4-3-2

d) 4-1-3-2

Question : 2

The Indian Aviation Report 2014 highlights which one of the following as the main reason for non-competitiveness of Indian aviation sector?

1. Lack of infrastructure
2. Lack of skill and expertise
3. Privatisation
4. Over taxation

a) 4 only

b) 1, 2, 3 and 4

c) 1 and 2

d) 1, 2 and 3

Question : 3

Read the following statements carefully :

1. In public sector of India there are basic and heavy industries.
2. All industries of public sector are profit oriented.
3. Jobs are secured in the industries of public sector.

a) 2 and 3 are true

b) 1 and 2 are true

c) 1 and 3 are true

d) 1, 2 and 3 are true

Question : 4

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 : 5

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 : 6

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

a) Rana Kapoor

b) R. Shiv Kumar

c) Sandeep Jajodia

d) Sunil Kanoria