industries manufacturing & service sectors section 1 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
- Lack of infrastructure
- Lack of skill and expertise
- Privatisation
- Over taxation
(a) 4 only
(b) 1, 2, 3 and 4
(c) 1 and 2
(d) 1, 2 and 3
The correct answers to the above question in:
Answer: (a)
Indian Aviation report 2014 released by FICCI and KPMG states that aviation industry is over-taxed in terms of turbine fuel, landing and other airport taxes.
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Question : 1
Read the following statements carefully :
- In public sector of India there are basic and heavy industries.
- All industries of public sector are profit oriented.
- 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
Answer »Answer: (c)
In the public sector of India, there are basic and heavy industries. Employees and their jobs are secured in public sector industries.
However, all the public sector companies are not profit-oriented. Some of them have been established keeping in mind no profit no loss basis for the welfare of the society.
Question : 2
What are the aspects of Competition Act 2002?
- Prohibition of anti competitive agreements
- Prohibition of abuse of dominance
- Regulation of combination (acquisitions, mergers and amalgamations of certain size
- Establishment of Competition Commission of India (CCI)
a) Only I
b) II & III
c) I & II
d) All the above
Answer »Answer: (d)
The Act mainly covers the following aspects:
- Prohibition of anti-competitive agreements;
- Prohibition of abuse of dominance;
- Regulation of combination (acquisitions, mergers and amalgamations of a certain size);
- Establishment of Competition Commission of India (CCI); and
- Functions and powers of CCI.
Question : 3
Consider the following statements :
- The USSR assisted in building of Bhilai Steel Plant.
- The British assisted in the building of the Bokaro Steel Plant.
a) Both 1 and 2
b) 1 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh, was set up with the help of the USSR in 1955. Bokaro Steel Plant is located in the Bokaro district of Jharkhand.
It is the fourth integrated public sector steel plant in India built with Soviet help in 1972.
Question : 4
Consider the following liquid assets:
- Demand deposits with the banks
- Time deposits with the banks
- Saving deposits with the banks
- Currency
a) 2-3-1-4
b) 4-3-2-1
c) 1-4-3-2
d) 4-1-3-2
Answer »Answer: (d)
Currency/cash is the most liquid ,then the demand deposits (current accounts), then the saving deposits with bank and finally the least liquid is the time deposits with the bank (fixed deposits).
Question : 5
Which among the below statements are correct regarding the Features of Industrial Policy 1991?
- To maintain sustained growth in productivity.
- To enhance gainful employment.
- Liberalisation of Industrial Licensing Policy.
- Introduction of Industrial Entrepreneur’s Memorandum (i.e., no industrial approval is required for industries not requiring compulsory licensing).
a) Only IV
b) I & III
c) I & II
d) All the above
Answer »Answer: (c)
Question : 6
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
Answer »Answer: (b)
Container Corporation of India Ltd. (CONCOR) is a Navratna Public sector undertaking under the Indian Ministry of Railways.
Incorporated in March 1988 under the Companies Act, CONCOR commenced operations in November 1989 taking over an existing network of seven inland container depots (ICDs) from Indian Railways.
It now has a network of 61 ICDs/CFSs (Container Freight Stations) throughout India.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
industries manufacturing & service sectors section 1
industries manufacturing & service sectors section 2
industries manufacturing & service sectors section 3
industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
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