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

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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq

Questions : Which statement is correct regarding joint venture?
  1. 15 industrial areas were put under this category.
  2. This category also carried the provision of compulsory licensing.
  3. This provision led to the establishment of the so-called ‘Licence- Quota- Permit raj’ in the economy.

(a) Only I

(b) II & III

(c) I & II

(d) All the above

The correct answers to the above question in:

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.

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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers

Question : 1

Which among the following sectors contributes maximum excise revenue to Indian exchequer?

a) Steel industry

b) Aviation

c) Agriculture

d) Oil and gas

Answer: (d)

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

Question : 2

Consider the following statements about Navratna company NALCO.

  1. It is Asia’s largest integrated aluminium complex.
  2. Soma Mondal has been appointed as the first female director of NALCO.
  3. It can invest up to Rs. 1,000 crores or 15% of net worth on a single project without government approval.
Which of the following codes are correct?

a) 2 and 3

b) 1, 2 and 3 all

c) 1 and 3

d) 1 and 2

Answer: (b)

NALCO is Asia’s largest integrated aluminium complex. Previously, Ms Soma Mondal was working with the company as executive director (marketing) at Nalco’s corporate office.

It can invest up to Rs. 1,000 crores or 15% of its net worth on a single project without government approval.

Question : 3

CAPART is related with—

a) onsultant service of export promotion

b) Assisting and evaluating rural welfare programmes

c) ontrolling pollution in big industries

d) omputer hardware

Answer: (b)

Question : 4

The largest source of revenue for Britishers in India was from ______?

a) Temple Tax

b) Textile and Jute Industry

c) Gems and Stone Industry

d) Land revenue

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.

Question : 5

Which company, adopted the Taj Mahal through the ‘Clean India Campaign’ of the tourism ministry?

a) HPCL

b) Indian oil

c) ONGC

d) BPCL

Answer: (c)

With an aim to attract more visitors to the country by improving cleanliness and hygiene at tourist destinations, Tourism Ministry launched the “Clean India” campaign at the world heritage site Taj Mahal which has been adopted by ONGC.

It is the second site to be covered under this project. The first one was Qutub Minar.

Question : 6

Consider the following statements:

  1. Inflation benefits the debtors.
  2. Inflation benefits the bondholders.
Which of the statements given above is/are correct?

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

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.

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