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
(a) 3 only
(b) 1 only
(c) 4 only
(d) 2 only
The correct answers to the above question in:
Answer: (c)
The general superintendence and direction of the RBI are entrusted with the 21-members
- Central Board of Directors—the Governor (currently Raghuram Rajan),
- four Deputy Governors,
- two Finance Ministry representatives,
- ten government nominated directors to represent important elements from India’s economy, and
- four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.
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Question : 1
Consider the following statements regarding the "Zero Defect, Zero Effect (ZED)" scheme:
- The scheme is for the MSME sector
- It ensures producing high-quality manufacturing products
- It ensures minimal negative impact on the environment.
- It is a cornerstone of the flagship Make in India programme
a) (i) & (iv) only
b) (i), (ii) & (iii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
Micro Small and Medium Enterprises (MSMEs) sector are crucial for the economic progress of India and it must match global quality control standards. The Zero Defect, Zero Effect (ZED) scheme was launched in October 2016 to ensure that all the MSMEs are delivering top quality products and using clean technology.
This means the public will now onwards be able to use clean technology products and they will also set parameters that are specific to each industry. The main purpose of the scheme is to match the global quality control standards.
The ZED scheme is the cornerstone of the Make in India project which aims to turn India into a manufacturing hub and generate jobs and increase incomes and boost the overall economy of the country.
Question : 2
Which of the following statements regarding the chemical industry in India is /are correct?
- Chemical industry is one of the oldest industries in India
- Dyestuff sector is one of the important segments of chemical industry
- Textile industry accounts for the largest consumption of dyestuffs
a) 1 and 3 only
b) 1 only
c) 2 and 3 only
d) 1,2 and 3
Answer »Answer: (d)
Dyestuff sector is one of the important segments of chemical industry.
Chemical industry is one of the oldest industries in India.
The maximum consumption of dyestuffs is in Textile industry.
Question : 3
Consider the following statements:
- Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
- SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
a) 1 and 2
b) None
c) 1 only
d) 2 only
Answer »Answer: (d)
Small Industries Development Bank of India (SIDBI) is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Question : 4
Which is not included in manufacturing sector?
a) Micro Industry
b) Large Industry
c) Small Scale Industry
d) Construction Industry
Answer »Answer: (d)
Construction Industry is not included in Manufacturing Sector.
Question : 5
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 »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 : 6
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 »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.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
industries manufacturing & service sectors section 1
industries manufacturing & service sectors section 2
industries manufacturing & service sectors section 3
industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
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