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

Answer: (a)

In 2007, Novelis was acquired by Hindalco Industries Limited, another veteran of the aluminium business.

Hindalco is the flagship company of the Aditya Birla Group of companies, a multinational conglomerate headquartered in Mumbai.

Following the merger, Novelis became a wholly-owned subsidiary of Aditya Birla Group. With the addition of Novelis, Hindalco became the world’s largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia.

Answer: (c)

The Securities and Exchange Board of India was established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.

As per section 4 of the IRDAI Act, 1999, the Insurance Regulatory and Development Authority of India (IRDAI) was constituted by an act of parliament, the Insurance Regulatory and Development Authority Act 1999.

The Pension Fund Regulatory Development Authority (PFRDA) Act was passed in September 2013 and the same was notified on 1st February 2014.

PFRDA is regulating the National Pension System, subscribed by employees of Govt. of India, State Governments and by employees of private institutions, self-employed professionals and unorganized sectors.

Answer: ( a)

Those who benefit from higher inflation are debtors and those who suffer from it are creditors. If one has substantial debt, each rupee one has to repay would be worth less than when it was borrowed. In this way, one pays back less in real terms.

Answer: (c)

Answer: (a)

The National Renewal Fund (NRF), was set up in February 1992. It aims to provide a social safety net to protect the workers in industrial enterprises from possible adverse consequences of the new economic policy.

Answer: (d)

The recent policy initiative of Government of India to promote the growth of manufacturing sector is setting up of National Investment and manufacturing zones, providing the benefit of single window clearance and establishing the technology acquisition and development.