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

Question : 1

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 : 2

What is Statutory Corporation?

1. They are primarily meant to provide essential services such as railways.
2. They are public enterprises that came into existence by a Special Act of the Parliament.
3. They are companies in which 51% or more of the paid-up capital is held by the central or any state government (partly or wholly by both).
4. They are set up whenever it is felt that certain functions need to be discharged outside the governmental set-up with some amount of independence and flexibility without day-to-day interference from the governmental machinery

a) Only II

b) I & III

c) Only I

d) None of the above

Question : 3

What does PKI stands for?

a) Primary Key Infrastructure

b) Public Key Institute

c) Private Key Infrastructure

d) Public Key Infrastructure

Question : 4

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

a) MIGA

b) IMF

c) IDA

d) IBRD

Question : 5

Which is the most important company in machine tools?

a) Guindy Machine Tools

b) HMT Machine Tools

c) Praga Tools

d) PMT Machine Tools

Question : 6

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