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

Question : 1

Which of the following is not a part of World Bank?

a) MIGA

b) IMF

c) IDA

d) IBRD

Question : 2

With reference to the Public Sector Undertakings in India, consider the following statements

1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.
2. Project and Equipment Corporation of India Limited is under the Ministry of Industry.
3. 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

Question : 3

The main functioning of the banking system is to

a) provide credit and subsidies

b) accept deposits, provide credit and subsidies

c) accept deposits and provide credit

d) accept deposits and subsidies

Question : 4

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

Question : 5

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 : 6

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