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
- 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
The correct answers to the above question in:
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).
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Question : 1
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 : 2
What were the policy measures taken under Industrial Policy 1991?
- Non-Resident Indians Scheme (NRIs are allowed to invest up to 100% equity on a non-repatriation basis in all activities except for a small negative list).
- Electronic Hardware Technology Park (EHTP), Software Technology Park (STP) Scheme for building up the strong electronic industry to enhance exports.
- Liberalised policy for Foreign Direct Investment (FDI).
- Abolition of the MRTP limit.
a) Only II
b) III & IV
c) I & III
d) All the above
Answer »Answer: (d)
Question : 3
Consider the following statements:
- Share of MSME sector is around 30% in overall GDP of our country
- Share of MSME sector is around 40% in overall exports of the country
a) (i) only
b) Both (i) & (ii)
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (b)
MSME sector contributes approximately 30% to the GDP of the country and 40% to the exports.
The MSME sector comprises over 6 crore enterprises and employs 11 crore people (approx. 26% of the workforce).
Question : 4
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 : 5
Which of the following funds was established in India in 1992 to provide assistance to cover the costs of retraining and redeployment of employees arising as a result of modernization, technology up gradation and industrial restructuring?
a) National Insurance Fund
b) National Up-gradation Fund
c) National Renewal Fund
d) National Social Security Fund
Answer »Answer: (c)
Question : 6
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.
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