industries manufacturing & service sectors section 3 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 10 EXERCISES
-
500+ Indian Industries & Service Sectors GK MCQ For IBPS »
-
500+ Industry & Manufacturing Sectors GK Online MCQ Quiz »
-
New 599+ Indian Economy Trade & Commerce GK MCQ Quiz PDF »
-
Top Indian Manufacturing Industries GK MCQ Quiz For UPSC »
-
500+ Industries & Service Sector Question And Answer Test »
-
New 500+ Indian Secondary & Tertiary Sectors GK MCQ Test »
-
500+ Indian Manufacturing & Service Sector GK MCQ For SSC »
-
New 500+ Indian Economy Tertiary Sector GK MCQ Quiz PDF »
-
Top Industry & Manufacturing Sector Questions Answers PDF »
-
Top 1000+ Indian Service Sector GK MCQ Quiz PDF For IBPS »
The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
- 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
The correct answers to the above question in:
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.
Practice Industries, Manufacturing & Service Sectors (industries manufacturing & service sectors section 3) Online Quiz
Discuss Form
Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
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
Answer »Answer: (c)
The main functioning of the banking system is to accept deposits and provide credit. The bank collects deposits from the public.
These are savings, fixed, current and recurring deposits. The bank advances loans to the business community and other members of the public.
The types of bank loans and advances are overdraft, cash credits, loans and discounting of bills of exchange.
Question : 2
What is Statutory Corporation?
- They are primarily meant to provide essential services such as railways.
- They are public enterprises that came into existence by a Special Act of the Parliament.
- 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).
- 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
Answer »Answer: (a)
Statutory corporations are public enterprises that came into existence by a Special Act of Parliament.
The Act defines the powers and functions, rules and regulations governing the employees and the relationship of the corporation with government departments.
Question : 3
What does PKI stands for?
a) Primary Key Infrastructure
b) Public Key Institute
c) Private Key Infrastructure
d) Public Key Infrastructure
Answer »Answer: (d)
PKI stands for Public Key Infrastructure. The Reserve Bank of India released a draft report on making payment system effective to secure a safe, secure, efficient, robust and sound payment system in the country.
Question : 4
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 : 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
Answer »Answer: (b)
HMT was founded in 1953.
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
Answer »Answer: (b)
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
industries manufacturing & service sectors section 1
industries manufacturing & service sectors section 2
industries manufacturing & service sectors section 3
industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
Industries, Manufacturing & Service Sectors Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
Most Important Antonyms Vocabulary - IBPS Clerk Prelims 2024
Latest Antonyms multiple choice questions and answers with free PDFfor IBPS Clerk Prelims 2024. English Vocabulary practice exercise for all bank exam
Continue Reading »
Syllogism Practice Questions Answers PDF - IBPS Clerk 2024
Practice Verbal Reasoning Syllogism multiple choice questions and answers with Fully solved explanation, PDF for the IBPS Clerk Prelims 2024 Bank Exam
Continue Reading »
IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers
Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download
Continue Reading »
New Cloze Test Questions and Answers PDF - IBPS Clerk 2024
The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF
Continue Reading »