industries manufacturing & service sectors section 3 MCQ Questions & Answers Detailed Explanation

Question : 1

Which one of the following is correctly matched based on Industry & Status?

a) IOC Navratna

b) Coal India Ltd. Mini-Ratna

c) SAIL Maharatna

d) BHEL Mini-Ratna

Question : 2

It is argued that continuation of reservation for Small Scale Industries after import liberalisation is anachronistic because

a) Indian small scale manufacturers have to compete with large scale manufacturers from outside

b) Indian SSI units are inherently inefficient

c) such reservation does not exist outside India

d) Indian large scale producers cannot compete in outside markets

Question : 3

Consider the following statements about the Navaratna status industries.

1. Navaratna was originally assigned to nine public sector enterprises in 1997.
2. The number of PSEs (Public Sector Enterprises) having Navaratna status is now more than 15 industries.

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Question : 4

Arrange the following Acts in order in which they were enacted. Use the codes given below.

1. The Industrial Employment (Standing orders) Act.
2. The Indian Trade Unions Act
3. The Industrial Disputes Act
4. The Employment Exchange (Compulsory Notification) Act

a) 1, 2, 4, 3

b) 3, 4, 1, 2

c) 2, 1, 3, 4

d) 4, 3, 2, 1

Question : 5

Division of labour often involves

1. specialized economic activity.
2. higly distinct productive roles.
3. involving everyone in many of the same activities.
4. individuals engage in only a single activity and are dependent on others to meet their various needs.

a) 3 only

b) 1, 3 and 4 only

c) 1, 2 and 4 only

d) 2 and 4 only

Question : 6

Which statement is correct regarding railways?

1. The first train in India was started on a small rail route of 34 kilometres between Bombay and Thane on April 16, 1853.
2. The Indian Railway network has become the biggest railway in Asia and the third in the world
3. Within the freight segment, bulk traffic accounts for nearly 84% of revenue-earning freight traffic (in physical terms), of which about 44% is coal.

a) II & III

b) Only III

c) I & II

d) All the above