industries manufacturing & service sectors section 4 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
- WPI is available on a monthly basis only.
- As compare to Consumer Price Index for the Industrial Worker (CPI-IW), the WPI gives less weightage to food articles.
(a) Only 2
(b) Both 1 and 2
(c) Only 1
(d) Neither 1 nor 2
The correct answers to the above question in:
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.
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Question : 1
Which statement is incorrect regarding civil aviation?
- There are 20 scheduled airline operators using 334 aircraft.
- It is expected that another 350 aircraft will be added during the next five years.
- An Airport Economic Regulatory Authority (AERA) is being set up to ensure healthy competition among operators and settlement of disputes among operators as well as between them and passengers.
a) II & III
b) Only ii
c) I & II
d) All the above
Answer »Answer: (c)
An Airport Economic Regulatory Authority (AERA) is being set up to ensure healthy competition among operators and settlement of disputes among operators as well as between them and passengers.
Question : 2
‘World Investment Report’ is the annual report published by the International institution
a) WTO
b) World Bank
c) UNCTAD
d) IMF
Answer »Answer: (c)
‘World Investment Report’ is the annual report published by the UNCTAD. Each year the report covers the latest trends in foreign direct investment around the world and analyses in depth one selected topic related to foreign direct investment and development.
Question : 3
Which of the following commissions / companies of Indian Origin signed a pact for obtaining oil-blocks in Libya?
a) Oil India Ltd.
b) BPCL
c) Reliance petroleum
d) ONGC
Answer »Answer: (a)
Oil sector majors, ONGC Videsh (OVL) and the Oil India-IndianOil (OIL-IOC) combine have bagged an oil block each in Libya.
This will enhance exploration possibilities for the Indian companies in northern Africa.
Question : 4
Consider the following statements about Competition Commission of India.
- Competition Commission of India (CCI) was established with effect from 14th 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.
a) 1 and 2
b) 2 only
c) 1 only
d) All of the above
Answer »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.
Question : 5
Which is not included in 8 core sectors in India?
a) Electricity
b) Coal
c) Fertiliser
d) Chemical
Answer »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.
Question : 6
Consider the following factors:
- High Investment in industries
- Expanding market for product
- Dynamic entrepreneurship
a) 1, 2 & 3
b) 1 & 2
c) Only 1
d) 2 & 3
Answer »Answer: (a)
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
industries manufacturing & service sectors section 1
industries manufacturing & service sectors section 2
industries manufacturing & service sectors section 3
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industries manufacturing & service sectors section 10
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