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

Questions : Which of the following pairs are correctly matched?    
List I List II
(Enterprise) (Industrial Group)
A. VSNL 1. Bharti Group
B. Mundra SEZ 2. Adani Group
C. CMC Ltd. 3. Tata Group
D. IPCL 4. Reliance Group
Select the correct answer using the codes given below :

(a) 3 and 4

(b) 1, 2 and 4

(c) 1, 2 and 3

(d) 2, 3 and 4

The correct answers to the above question in:

Answer: (d)

The correctly matched pairs are :

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

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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers

Question : 1

What is a ‘limited company’?

a) In which shares are issued

b) A Registered Company

c) In which shareholders possess the ownership limited to their paid up capital

d) A company of Government ownership

Answer: (c)

Question : 2

Consider the following statements regarding "Invest India":

  1. It is a non-profit agency
  2. It is an agency under the Dept. of Economic Affairs
Select the correct answer using the code given below:

a) (i) only

b) Both (i) & (ii)

c) (ii) only

d) Neither (i) nor (ii)

Answer: (a)

"Invest India" is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India. Invest India is set up as a nonprofit venture under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industries, Government of India.

Invest India is transforming the country’s investment climate by simplifying the business environment for investors. Its experts, specializing across different countries, Indian states and sectors, handhold investors through their investment lifecycle from investment to after-care.

Invest India’s specialists provide multiple forms of support such as market entry strategies, deep dive industry analysis, partner search and location assessment, and policy advocacy with decision-makers.

Question : 3

Consider the following pairs :      

List I List II
(Firm) (Group)
1. Ashok Leyland a. Hinduja
2. Hindalco Industries b. A. V. Birla
3. Suzlon Energy c. Tulsi Tanti
Which of the pairs given above are correctly matched?

a) 2 only

b) 1 and 3

c) 1 and 2

d) 1, 2 and 3

Answer: (d)

Ashok Leyland, 2nd largest commercial vehicle manufacturer in India is a Hinduja Group company.

Hindalco is the world’s largest aluminium rolling company belonging to A.V. Birla.

Suzlon Energy Limited is an Indian multinational wind power company based in Pune.

Question : 4

Which of the following has been granted infrastructure status?

  1. Multi-modal logistics park
  2. Cold Chain
  3. Affordable Housing
  4. Soil-testing laboratories
Select the correct answer using the code given below:

a) & (ii) only

b) & (iv) only

c) (i), (ii) & (iii) only

d) All of the above

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

Question : 5

Where is the headquarter of WTO located?

a) Washington

b) Rome

c) New York

d) Geneva

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.

Question : 6

Which country became a member of European Union on 1st July 2013?

a) Croatia

b) Bulgaria

c) Serbia

d) Romania

Answer: (a)

Croatia applied for EU membership in 2003 and was in negotiations from 2005 until 2011. On 9 December 2011 leaders from the EU and Croatia signed the accession treaty.

The country became the 28th EU member country on 1 July 2013.

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