industries manufacturing & service sectors section 4 MCQ Questions & Answers Detailed Explanation

Answer: (d)

Eight Core sectors in India include Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. Chemical is not included in this Sector.

Answer: (d)

Competition Commission of India is a body of the government of India responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October 2003.

The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises. CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.

Answer: (a)

This rise in wholesale food prices was not captured by WPI as the weightage for food articles is just 14.3% compared to 65% for manufactured products in this index.

On the other hand, the weightage for food is 57% in CPI items which captures the impact of food prices better. Further, wholesale prices do not take into account the substantial margins at the retail level, which tend to rise when there are shortages.

Answer: (c)

A person having the debentures is called a debenture holder whereas a person holding the shares is called a shareholder. A shareholder subscribes to the shares of a company.

Shares are the parts of share capital. On the other hand, debenture-holders are the subscribers to debentures. Debentures are part of loans.

A shareholder or member is the joint owner of a company, but a debenture holder is only a creditor of the company.

Answer: (d)

Sunrise industries are industries which have high growth potential and meet future requirements of the economy.

Answer: (b)

Indian Banks’ Association (IBA), formed on 26 September 1946 as a representative body of management of banking in India.

K.R. Kamath was elected as a chairman of IBA consecutively for the second term in June 2013. He has been working since 1/10/2012 after chairman Alok K Misra, CMD of Bank of India.

Other notable chairmen include M. D. Mallya of Bank of Baroda, V. P. Shetty, M. V. Nair, Rashid Jilani and O P Bhatt.