industries manufacturing & service sectors section 2 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
(a) Islamabad
(b) New Delhi
(c) Colombo
(d) Mumbai
The correct answers to the above question in:
Answer: (c)
The third film festival of SAARC countries was held in May 2013 in Colombo.
India bagged three top awards including best feature film, Best Director and Special Jury Certificate of Recognition at the event.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
For the location of which one of the following industries, the availability of raw material is not the primary consideration?
a) Electronics
b) Iron and Steel
c) Sugar
d) Cement
Answer »Answer: (a)
Question : 2
Consider the following statements regarding the SFURTI scheme:
- It is implemented by Ministry of MSME
- It promotes cluster-based development
a) (i) only
b) Both (i) & (ii)
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (b)
Ministry of MSME is implementing a ‘Scheme of Fund for Regeneration of Traditional Industries’ (SFURTI) Scheme under which financial support is being provided for setting up of traditional industries clusters viz. Khadi, Coir & Village industries clusters.
The objectives of the SFURTI Scheme are:
- To develop clusters of traditional industries in the country over a period of five years.
- To make traditional industries more competitive, market-driven, productive and profitable.
- To strengthen the local governance system of industry clusters, with the active participation of the local stakeholders, so that they are enabled to develop initiatives.
- To build up innovative and traditional skills, improved technologies, advanced processes, market intelligence and new models of public-private partnerships, so as to gradually replicate similar models of cluster-based regenerated traditional industries.
Question : 3
As per the Coal Mines (Special Provisions) Act 2015, government has allowed:
a) Mining and sale of coal by private companies without end use restriction
b) Captive mining of coal by government and private companies
c) Mining of coal by private companies with end use restriction
d) Government conducting auction to award coal blocks
Answer »Answer: (a)
The Supreme Court of India in September 2014 had cancelled 204 coal mines/blocks allocated to the various Government and Private Companies since 1993 under the provisions of the Coal Mines (Nationalisation) Act, 1973. To bring transparency and accountability and to re-award these cancelled blocks and new blocks, the Coal Mines (Special Provisions) Bill 2015 was passed by the Parliament which was notified as an Act on 30.03.2015.
Enabling (power to enforce a law may be at a later date) provisions had been made in the Coal Mines (Special Provisions) Act, 2015 for allocation of coal mines by way of the auction for the sale of coal by private companies (sale of coal by government companies was already allowed).
Cabinet Committee on Economic Affairs (CCEA) on 20th Feb 2018 decided to open up the coal sector to commercial mining by private entities in a game-changing move that puts an end to state-backed Coal India Ltd’s (CIL) monopoly. Now there will be no end-use restriction or price restriction for the coal that is mined from these blocks.
Under private commercial mining modalities approved by the Cabinet, coal blocks will be allocated by “ascending forward auction” in which the winner will be determined by the price per tonne of coal offered to the state government where the mine is located.
The amount accrued through the bids will be in addition to the royalty that the States get. All the revenue from the sale of these blocks will go into the coffers of the States where they are located.
Question : 4
What is/are the recent policy initiative of the government of India to promote the growth of the manufacturing sector?
- Setting up of National Investment and Manufacturing Zones.
- Providing the benefit of single window clearance.
- Establishing the technology acquisition and development fund.
a) 1 and 3
b) 2 and 3
c) 2 only
d) 1, 2 and 3
Answer »Answer: (d)
The recent policy initiative of the government of India to promote the growth of the manufacturing sector is setting up
- National Investment and manufacturing zones,
- providing the benefit of single window clearance and establishing the technology acquisition and development.
Question : 5
What is CRISIL ?
a) Depository
b) Bank
c) Credit Rating Agency
d) Insurance Company
Answer »Answer: (c)
CRISIL is the Credit Rating Agency of India. CRISIL’s majority shareholder is Standard and Poor’s (S&P).
Question : 6
GCIL—an American company of chemical sector has been acquired by—
a) Birla group
b) Reliance group
c) Shriram group
d) Tata group
Answer »Answer: (d)
GCIL—an American company of chemical sector has been acquired by Tata Group.
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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