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) Labour unrest
(b) Shrinking of market credit
(c) Drop in profitability
(d) Decline in market share
The correct answers to the above question in:
Answer: (d)
Just as diseases are identified by certain symptoms, industrial sickness can be identified by the following symptoms. These symptoms act as leading indicators of sickness, and if immediate remedial actions are not taken, the sickness will grow to the extent that the organization will find its natural death.
Continuous reduction in
- turnover,
- Piling up of inventory,
- Continuous reduction of net profit to sales ratio,
- Short term borrowings at a high interest rate,
- Continuous cash losses leading to erosion of tangible net worth etc.
However, the decline of market share is not an immediate indicator.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Consider the following statements :
- The first petrochemical industry in India was started with the establishment of the National organic chemical industry limited in the sixties.
- The real thrust of the petrochemical industry in India came with the establishment of the Indian Petrochemical Corporation Limited (IPCL) at Baroda.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
The first petrochemical industry in India was started with the establishment of National Organic Chemical Industry Limited in 1961.
The company manufacture various organic and inorganic chemicals. The real thrust of the Petrochemical industry in India came with the establishment of Indian Petrochemical Corporation Limited (IPCL) at Baroda on March 22, 1969, with a view to promote and encourage the use of plastics in India.
Question : 2
Consider the following statements:
- India has total power generation capacity of more than 350 GW
- Renewable energy share is more than 25%
a) (i) only
b) Both (i) & (ii)
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (b)
Generation Capacity from various sources as on 31.12.2019
Coal | 55.8% (205 GW) |
Gas | 6.8% (25 GW) |
Nuclear | 2% (7 GW) |
Renewable (Hydro, Solar, Wind) | 35.4% (130 GW) |
Total | 100% 367 GW |
As per the new classification of government, all hydro projects, big or small come under renewable energy.
Question : 3
What would be the new investment ceiling rate for Maharatna Public Sector Enterprises?
a) Rs. 5000 crore
b) Rs. 7000 crore
c) Rs. 2000 crore
d) Rs. 10000 crore
Answer »Answer: (a)
The government has relaxed norms for giving Maharatna status to public sector enterprises, a move that will benefit blue-chip companies such as Coal India, GAIL, BHEL and NMDC in their expansion plans.
Only four state-run companies --ONGC, SAIL, IOC and NTPC -- at present enjoy the Maharatna status, which gives them the financial and managerial autonomy to invest up to Rs. 5,000 crore in a new venture without seeking government approval.
Under the new norms, a company qualifying for the Maharatna status should have an average annual turnover of Rs. 20,000 crore during the last three years against Rs. 25,000 crore prescribed earlier.
Further, the criteria on average annual net worth have been relaxed to Rs. 10,000 crore from the earlier limit of 15,000 crores.
Question : 4
Which of the following regulatory bodies completed 25 years of its establishment in 2013?
a) IRDA
b) TRAI
c) FMC
d) SEBI
Answer »Answer: (d)
SEBI, the regulatory body completed 25 years of its establishment in 2013.
It was formed in the year 1988 to protect the interests of investors in securities and to promote the development and regulate the securities market.
Question : 5
Which one of the following committees recommended the abolition of reservation of items for small scale sector in industry?
a) Abid Hussain Committee
b) Narasimhan Committee
c) Nayak Committee
d) Rakesh Mohan Committee
Answer »Answer: (a)
Abid Hussain committee recommended the abolition of reservation of items for small scale sector in industry.
Question : 6
Which of the following occupations are included under secondary sector as per the national income accounts ?
- Manufacturing
- Construction
- Gas and water supply
- Mining and quarrying
a) 1, 2 and 3
b) 1, 2, 3 and 4
c) 1, 2 and 4
d) 3 and 4
Answer »Answer: (a)
Primary sector-Agriculture, forestry fishing, mining and quarrying
Secondary sector- Manufacturing and construction, Gas and water supply
Tertiary sector- trade, transport catering, hotels, community and personnel services, communication etc.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
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industries manufacturing & service sectors section 2
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industries manufacturing & service sectors section 10
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