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
- India has one of the largest road networks in the world aggregating to about 3.62 million km at present.
- Three initiatives in the road sector were begun in recent years: The National Highway Development Project (NHDP), Pradhan Mantri Bharat Jodo Pariyojana (PMBJP) and Pradhan Mantri Gram Sadak Yojana (PMGSY)
- NHDP dealt with building high-quality highways. The PNBJP dealt with linking up major cities to the NHDP Highways. The PMGSY addressed rural roads.
(a) Only I
(b) II & III
(c) I & II
(d) All the above
The correct answers to the above question in:
Answer: (d)
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Which one of the following is a raw material oriented industry?
a) Petroleum industry
b) Sugar industry
c) Light engineering industry
d) Ship Industry
Answer »Answer: (a)
Crude oil is the basic raw material upon which all refinery processes are founded.
Question : 2
When was the “Package for Promotion of Micro and Small Enterprises” announced?
a) March 2009
b) August 2005
c) February 2007
d) November 2010
Answer »Answer: (c)
In February 2007, a “Package for Promotion of Micro and Small Enterprises” was announced.
This includes measures addressing concerns of credit, fiscal support, cluster-based development, infrastructure, technology, and marketing.
Capacity building of MSME Associations and support to women entrepreneurs are the other important attributes of this package.
Question : 3
The philosophy of “Invisible hand” was given by:
a) Adam Smith
b) Milton Freidman
c) Karl Marx
d) John Maynard Keynes
Answer »Answer: (a)
The phrase ‘Invisible hand’ was introduced by ‘Adam Smith’ in his book ‘The Wealth of Nations'. It is a metaphor for the unseen forces (of demand and supply) that move the free market economy.
Through individual self-interest and freedom of production as well as consumption, the best interest of society, as a whole are fulfilled.
Question : 4
Which of the following is not an internal factor for industrial sickness?
a) Power shortage
b) Diversion of funds
c) Mismanagement
d) Wrong dividend policy
Answer »Answer: (a)
Question : 5
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 »Answer: (b)
Question : 6
Consider the following statements about Navratna company NALCO.
- It is Asia’s largest integrated aluminium complex.
- Soma Mondal has been appointed as the first female director of NALCO.
- It can invest up to Rs. 1,000 crores or 15% of net worth on a single project without government approval.
a) 2 and 3
b) 1, 2 and 3 all
c) 1 and 3
d) 1 and 2
Answer »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.
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