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
- Internal factors could be mismanagement, lack of finance wrong dividend policy, not providing for reserves or deliberate ‘milking’ of the unit by the owners.
- 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
The correct answers to the above question in:
Answer: (a)
Internal factors could be,
- mismanagement,
- lack of finance wrong dividend policy,
- not providing for reserves or deliberate ‘milking’ of the unit by the owners.
External factors could be,
- wrong government policy,
- power shortage,
- non-availability of raw materials,
- transport problem,
- lack of technological advancement and
- labour disputes.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
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
Answer »Answer: (a)
Question : 2
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.
Answer »Answer: (c)
Question : 3
Which of the following are part of the 'Index of Industrial Production (IIP)'?
- Mining and quarrying
- Electricity generation
- Construction
- Forestry
a) (i) & (ii) only
b) (i), (ii) & (iii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (a)
The scope of the Index of Industrial Production (IIP) as recommended by the United Nations Statistical Office (UNSO) includes mining, manufacturing, construction, electricity, gas and water supply.
But due to constraints of data availability, the IIP compiled in India has excluded construction, gas and water supply sectors. (And Forestry is not part of the industrial activity)
Base Year 2011-12 | Index of Industrial Production (IIP) |
(Weights) | |
Mining | 14.373 |
Manufacturing | 77.633 |
Electricity | 7.994 |
D. Uranus | 4. Titania |
Question : 4
Which sentence is correct regarding Industrial Development and Regulation Act 1951?
- They controlled the authorization of capability, whereabouts and growth of any request for the manufacture of new products.
- They controlled the authorization of foreign exchange expenditure on the import of plants and machinery.
- They controlled the authorization for the terms of international joint ventures.
a) II & III
b) Only III
c) I & II
d) All the above
Answer »Answer: (d)
Question : 5
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
Answer »Answer: (d)
Question : 6
Consider the following statements :
- The packaging machinery industry, like other industrial machinery, is allowed for 100%. FDI under automatic approval.
- 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
Answer »Answer: (b)
The packaging machinery industry, like other industrial machinery, is allowed for 100%.
FDI under automatic approval i.e., without prior approval either of the government or the Reserve Bank of India.
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.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
industries manufacturing & service sectors section 1
industries manufacturing & service sectors section 2
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