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
(a) National Insurance Fund
(b) National Up-gradation Fund
(c) National Renewal Fund
(d) National Social Security Fund
The correct answers to the above question in:
Answer: (c)
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Over how many years periodic review of the “Miniratna” & “Navratna” status of public enterprises on the basis of their performance?
a) 2 years
b) 4 years
c) every year
d) 3 years
Answer »Answer: (d)
Question : 2
Consider the following statements :
- MMTC limited is India’s largest international trading organisation.
- Neelanchal Ispat Nigam Limited has been set up by MMTC jointly with the government of Odisha.
a) Both 1 and 2
b) 1 only
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (a)
MMTC Ltd., Metals and Minerals Trading Corporation of India, is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body.
Neelachal Ispat Nigam Limited (NINL), is a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL).
Question : 3
Disguised unemployment generally means
a) alternative employment is not available
b) productivity of workers is low
c) large number of people remain unemployed
d) marginal productivity of labour is zero
Answer »Answer: (d)
Disguised unemployment is a situation when people do not have productive full-time employment, but are not counted in the official unemployment statistics.
Question : 4
Which is the most important company in machine tools?
a) Guindy Machine Tools
b) HMT Machine Tools
c) PMT Machine Tools
d) Praga Tools
Answer »Answer: (b)
HMT was founded in 1953. HMT Machine tools offer a wide array of high technology tool machine tool solutions to cater for every manufacturing requirement.
PMT Mechanical tools ltd. : largest machine tool manufacturing company in India.
Pragatools ltd. : Established in 1943 to manufacture machine tools with its headquarter Secunderabad.
Question : 5
In the context of India’s Five Year Plans, a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure began in :
a) Sixth Plan
b) Eighth plan
c) Fourth plan
d) Tenth plan
Answer »Answer: (a)
In the Sixth Five Year Plan, a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure began.
Question : 6
Which of the following is related to the EPCG Scheme of Central Government ?
a) Foreign Trade
b) Banking
c) Foreign Investment
d) Communication
Answer »Answer: (a)
The Export Promotion Capital Goods (EPCG) scheme was one of the several export promotion initiatives launched by the government in the early ‘90s.
The basic purpose of the scheme was to allow exporters to import machinery and equipment at affordable prices so that they can produce quality products for the export market.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
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industries manufacturing & service sectors section 3
industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
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industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
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