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

Questions : Which one of the following is correctly matched between Industries clusters and Location?

(a) Marble Kishangarh

(b) Surat Gems & Jewellery

(c) Textiles Tirupur

(d) All of the above

The correct answers to the above question in:

Answer: (d)

All the above industrial clusters and the related locations are correctly matched.

Tirupur is famous for textiles, Kishangarh is famous for marbles, Surat is famous for Gems and Jewellery.

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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers

Question : 1

The Committee on Competition Policy and Law (Raghavan Committee) has recommended the replacement of which of the following institutions?

a) Disinvestment Commission

b) Company Law Board

c) Securities and Exchanges Board

d) Monopolies and Restrictive Trade Practices Commission

Answer: (d)

Question : 2

As per the RBI directive, which one of the following is the new sub-category of the commercial real estate sector (CRE)?

a) Residential housing

b) SEZ projects

c) Industrial financing

d) Commercial projects

Answer: (a)

The new RBI directive has created a new residential housing as a sub-sector of commercial real estate sector (CRE) to increase investments in residential housing sector by reducing the risk weigh.

Question : 3

Which of the following statements are not correct regarding "Shell Companies":

a) They are generally involved in money laundering and tax avoidance activities

b) They are defined as illegal entities as per the Company Act 2013

c) They generally do not hold any assets in real

d) They do not have any active business operations

Answer: (b)

There is no clear definition of what a shell company is in the Companies Act or any other Act. But typically, shell companies include multiple layers of companies that have been created for the purpose of diverting money or for money laundering or tax avoidance.

Most shell companies do not have any active business operations and they do not manufacture any product or deal in any product or render any service.

They are mostly used to make financial transactions. These types of corporations are not necessarily illegal, but they are sometimes used illegitimately such as to disguise business ownership from law enforcement or the public.

Generally, these companies hold assets only on paper and not in reality. These companies conduct almost no economic activity.

Question : 4

The Eastern Dedicated Freight Corridor being built by Indian Railway will connect

a) Rajkot and Bhubaneswar

b) Ludhiana and Sonnagar

c) Panipat and Allahabad

d) Jawaharlal Nehru Port and Tuglakabad

Answer: (b)

Question : 5

POSCO, the steel company is associated with the country?

a) France

b) South Korea

c) Germany

d) Japan

Answer: (b)

POSCO is a multinational steel making company headquartered in Pohang, South Korea. It is the world’s fourth largest steelmaker.

Question : 6

Quaternary sector implies

a) Fishing activities

b) Activities related to mining and quarrying

c) Activities related to manufacturing

d) Research and developmental activities

Answer: (d)

The quaternary sector is characterized by intellectual persons or individuals or groups of individuals.

It includes research and development activities. Mining and quarrying and fishing are concerned with primary sector activities.

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