industries manufacturing & service sectors section 3 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
- Navaratna was originally assigned to nine public sector enterprises in 1997.
- 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
The correct answers to the above question in:
Answer: (b)
Navratna was the title given originally to 9 Public Sector Enterprises (PSEs) identified by the government in 1997 as public sector companies that have comparative advantages enjoying greater autonomy to compete in the global market so as to support their drive to become global giants.
However, the number of PSEs (Public Sector Enterprises) having Navaratna status is now more than 15 industries.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Which among the following is the correct full form of SIDO?
a) Sick Industries Development Organization
b) State Industrial Development Organization
c) Small Industries Development Organization
d) Small Industries Development Office
Answer »Answer: (b)
Question : 2
Which is the most important company in machine tools?
a) Guindy Machine Tools
b) HMT Machine Tools
c) Praga Tools
d) PMT Machine Tools
Answer »Answer: (b)
HMT was founded in 1953.
Question : 3
Which of the following is not a part of World Bank?
a) MIGA
b) IMF
c) IDA
d) IBRD
Answer »Answer: (b)
International Monetary Fund is not a part of World Bank. The International Monetary Fund (IMF) along with World Bank were created in 1944 at the Bretton Woods Conference . They are known as Bretton Woods Twins. The IMF promotes international monetary cooperation and exchange rate stability, facilitates the balanced growth of international trade.
Question : 4
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
Answer »Answer: (a)
Question : 5
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
Answer »Answer: (d)
Bharat Heavy Electricals Limited (BHEL), owned by the Government of India, is a power plant equipment manufacturer and operates as an engineering and manufacturing company.
This Public Sector enterprise has the status of a Maharatna Company
Question : 6
Who is the newly elected chairman of Life Insurance Corporation of India?
a) Thomas Matthew
b) S.K. Roy
c) Shashikant Sharma
d) D.K. Malhotra
Answer »Answer: (b)
S.K. Roy is the newly elected chairman of Life Insurance Corporation of India. Roy has succeed D.K. Mehrotra. LIC is the largest Indian life insurance company with new business premium collections of Rs. 76,246 crore in 2012–13.
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