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

Question : 1

What were the policy measures taken under Industrial Policy 1991?

1. 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).
2. Electronic Hardware Technology Park (EHTP), Software Technology Park (STP) Scheme for building up the strong electronic industry to enhance exports.
3. Liberalised policy for Foreign Direct Investment (FDI).
4. Abolition of the MRTP limit.

a) Only II

b) III & IV

c) I & III

d) All the above

Question : 2

Consider the following statements:

1. Share of MSME sector is around 30% in overall GDP of our country
2. 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)

Question : 3

Consider the following statements :

1. National Thermal Power Corporation has diversified into hydropower sector.
2. Power Grid Corporation of India has diversified into telecom sector.

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Question : 4

Consider the following statements :

1. MMTC limited is India’s largest international trading organisation.
2. 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

Question : 5

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

Question : 6

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