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
- 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
The correct answers to the above question in:
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.
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Question : 1
Which statement is correct regarding shipping?
- Indian overseas fleet ranks the 17th in the world in terms of tonnage, with 659 ships totalling 77 lakh gross registered tonnage (GRT).
- 102 Indian shipping companies are in operation of which 65 are engaged only in coastal shipping.
- 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
Answer »Answer: (d)
Indian overseas fleet ranks the 17th in the world in terms of tonnage, with 659 ships totalling 77 lakh gross registered tonnage (GRT).
102 Indian shipping companies are in operation of which 65 are engaged only in coastal shipping.
The public sector Shipping Corporation of India (SCI) has a fleet of 112 vessels aggregating three million GRT.
Question : 2
Consider the following aims of the National Manufacturing Policy (NMP) of the Indian economy.
- National Investment and Manufacturing Zones (NIMZs) will be established on lands that are degraded and uncultivable.
- NIMZs (National Investment and Manufacturing Zones) are integrated industrial townships with world-class physical and social infrastructure.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
National Investment and manufacturing zones are degraded and uncultivable.
National Investment and Manufacturing Zones (NIMZs) are greenfields integrated Industrial Townships with state-of-the-art infrastructure and the land use is on the basis of zoning clean and energy-efficient technology and requisite social infrastructure.
Question : 3
Match the following investment requirements under the Service Enterprises category:
Column I | Column II |
I. Micro Enterprise | a. 2 crores to upto 5 crores |
II. Small Enterprise | b. 10 lakh to upto 2 crores |
III. Medium Enterprise | c. Upto 10 lakh |
a) I – c, II – a, III – b
b) I – b, II – c, III – a
c) I – c, II – b, III – a
d) I – a, II – b, III – c
Answer »Answer: (c)
Micro Enterprises investment includes companies with investment up to Rs 10 lakh.
Small Enterprises need an investment above 10 lakh and up to 2 crores.
Medium Enterprises are those enterprises that have an investment above 2 crores and up to 5 crores.
Question : 4
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 : 5
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 : 6
The Indian Aviation Report 2014 highlights which one of the following as the main reason for non-competitiveness of Indian aviation sector?
- 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
Answer »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.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
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