industries manufacturing & service sectors section 5 MCQ Questions & Answers Detailed Explanation

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.

Answer: (d)

Construction Industry is not included in Manufacturing Sector.

Answer: (c)

The general superintendence and direction of the RBI are entrusted with the 21-members

1. Central Board of Directors—the Governor (currently Raghuram Rajan),
2. four Deputy Governors,
3. two Finance Ministry representatives,
4. ten government nominated directors to represent important elements from India’s economy, and
5. four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.

Answer: (d)

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.

Answer: (b)