industries manufacturing & service sectors section 2 MCQ Questions & Answers Detailed Explanation

Question : 1

Consider the below statements:

1. Internal factors could be mismanagement, lack of finance wrong dividend policy, not providing for reserves or deliberate ‘milking’ of the unit by the owners.
2. External factors could be wrong government policy, power shortage, non-availability of raw materials, transport problem, lack of technological advancement and labour disputes.

a) Both I & II

b) Only II

c) Only I

d) None of the above

Question : 2

Which of the following Ministries/departments releases the "core industries" output data:

a) Department for Promotion of Industry and Internal Trade (DPIIT)

b) Department of Economic Affairs

c) National Statistical Office (NSO)

d) None of the above

Question : 3

Which one of the following is the objective of National Renewal Fund ?

a) To develop a core sector of economy.

b) For human resources development such as full literacy, employment, population control, housing and drinking water.

c) To safeguard the interest of workers who may be affected by technology upgradation of industry or closer of sick units.

d) For the development of the infrastructure such as energy, transport, communication and irrigation.

Question : 4

Bring out the incorrect statement regarding India’s textile sector:

a) After agriculture it is second largest provider of employment

b) Textile sector is a major absorber of low-skilled labor

c) India’s textile and clothing sector currently employs 35 million people

d) Textile sector has a tendency to shrink as the GDP and Economy grows

Question : 5

Consider the following statements :

1. The packaging machinery industry, like other industrial machinery, is allowed for 100%. FDI under automatic approval.
2. Food processing machinery can be classified under the general category of industrial machinery which is de-licensed under the current industrial policy and qualifies for 100% FDI under automatic approval.

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Question : 6

Who among the following announced the industrial policy of 1956?

a) Sardar Patel

b) J B Kriplani

c) Jawaharlal Nehru

d) Balwant Rai Mehta