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
(a) Sick Industries Development Organization
(b) State Industrial Development Organization
(c) Small Industries Development Organization
(d) Small Industries Development Office
The correct answers to the above question in:
Answer: (b)
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
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 : 2
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 : 3
With reference to the Public Sector Undertakings in India, consider the following statements
- Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.
- Project and Equipment Corporation of India Limited is under the Ministry of Industry.
- One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities.
a) 2 and 3
b) 1 and 2
c) 1 only
d) 3 only
Answer »Answer: (c)
Minerals and Metals Trading Corporation Limited (MMTC) is one of the two biggest foreign exchange earners for India. It is a leading international trading company with a turnover of over 68,885 crore rupees in 2010–11.
It is the largest international trading company of India and the first Public Sector Enterprise to be accorded the status of FIVE STAR EXPORT HOUSE by Govt. of India for long-standing contribution to exports.
MMTC is the largest non-oil importer in India.
Question : 4
Consider the following statements about the Navaratna status industries.
- 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
Answer »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.
Question : 5
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 : 6
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
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