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

Question : 1

What are the aspects of Competition Act 2002?

1. Prohibition of anti competitive agreements
2. Prohibition of abuse of dominance
3. Regulation of combination (acquisitions, mergers and amalgamations of certain size
4. Establishment of Competition Commission of India (CCI)

a) Only I

b) II & III

c) I & II

d) All the above

Question : 2

Consider the following statements :

1. The USSR assisted in building of Bhilai Steel Plant.
2. 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

Question : 3

Which statement is correct regarding shipping?

1. Indian overseas fleet ranks the 17th in the world in terms of tonnage, with 659 ships totalling 77 lakh gross registered tonnage (GRT).
2. 102 Indian shipping companies are in operation of which 65 are engaged only in coastal shipping.
3. The public sector Shipping Corporation of India (SCI) has a fleet of 112 vessels aggregating three million GRT.

a) II & III

b) Only II

c) I & II

d) All the above

Question : 4

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 : 5

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 : 6

Which among the below statements are correct regarding the Features of Industrial Policy 1991?

1. To maintain sustained growth in productivity.
2. To enhance gainful employment.
3. Liberalisation of Industrial Licensing Policy.
4. 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