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

Answer: (d)

The largest source of Revenue for Britishers in India was from Land revenue. Three major system of land revenue collection existed in India they were - Zamindari, Ryotwari and Mahalwari.

Answer: (b)

12 industrial areas were put under this category. This category also carried the provision of compulsory licensing.

This provision led to the establishment of the so-called ‘Licence- Quota- Permit raj’ in the economy.

Answer: (d)

Oil and gas industry is the largest contributor to excise revenues in India followed by steel industry.

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)

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)

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.