industries manufacturing & service sectors section 5 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
- Navaratna was originally assigned to nine public sector enterprises in 1997.
- The number of PSEs (Public Sector Enterprises) having Navaratna status is now more than 15 industries.
(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)
Navratna was the title given originally to 9 Public Sector Enterprises (PSEs) identified by the government in 1997 as public sector companies that have comparative advantages enjoying greater autonomy to compete in the global market so as to support their drive to become global giants.
However, the number of PSEs (Public Sector Enterprises) having Navaratna status is now more than 15 industries.
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Question : 1
The present trade policy (2009–14) of the Government of India aims to achieve annual export growth rate of
a) 16%
b) 14%
c) 13%
d) 15%
Answer »Answer: (d)
The present Trade Policy (2009–14) of the government of India aims to achieve an annual export growth rate of 15%. Mr Anand Sharma announced the Foreign Trade Policy 2009 – 2014 on 27th August 2009 covering various measures that will be taken to boost foreign trade.
Question : 2
Consider the following statements :
- The first modern steel producing unit was established at Kulti (W. Bengal) in 1874.
- Bhilai steel plant was established during second Five Year Plan.
- Rourkela steel plant was established with the collaboration of the west Germany.
- Bokaro steel plant was established during the third Five Year Plan.
a) 2, 3 and 4
b) 1, 3 and 4
c) 1, 2 and 3
d) 1, 2, 3 and 4
Answer »Answer: (d)
The first notable attempt in the steel industry in India was made in 1874 when the Bengal Iron Works (BIW) came into being at Kulti, near Asansol in West Bengal.
The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh was set up with the help of the USSR in 1955. SAIL Rourkela Steel Plant (RSP), located in Rourkela, Odisha is the first integrated steel plant in the public sector in India, was set up with German collaboration with an installed capacity of 1 million tonnes in the 60s.
Bokaro Steel Plant is located in the Bokaro district of Jharkhand. It is the fourth integrated public sector steel plant in India built with Soviet help in 1972.
Question : 3
Which statement is correct regarding cottage industries?
- Cottage industry is run by family members on a full or part-time basis.
- It possesses negligible capital investment.
- The production is done by hands and no wage-earning person is employed in the cottage industry.
a) Only II
b) II & III
c) I & II
d) All the above
Answer »Answer: (d)
Cottage industry is run by family members on a full or part-time basis. It possesses negligible capital investment.
The production is done by hands and no wage-earning person is employed in the cottage industry.
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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 5
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industries manufacturing & service sectors section 10
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