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

Answer: (d)

The World Trade Organization (WTO) is an organization that supervises and liberalizes international trade.

It officially commenced on 1 January 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT) The headquarter of World Trade Organization (WTO) is located in Geneva.

Answer: (d)

Granting of infrastructure status enable the sectors to avail infrastructure lending at easier terms with enhanced limits, access to a larger volume of funds as External Commercial Borrowings (ECB) and access to longer tenure funds from insurance companies

Answer: (d)

The correctly matched pairs are :

• Mundra SEZ — Adani Group,
• CMC Ltd. — Tata Group
• IPCL — Reliance Group.
• Then, Bharti is associated with Airtel.

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.

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.

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.