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

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.

Answer: (a)

Tiruppur is the “knitwear capital” of India. It has spurred up the textile industry in India for the past three decades. It contributes to a huge amount of foreign exchange in India. The city exports Rs. 120 billion worth of goods. Netaji Apparel Park has 53 companies manufacturing knitwear for exports.

Each unit will be a model to answer the requirements of international standards in all aspects. In addition to an investment of 920 million on infrastructure and factory buildings, about 3 billion is being invested in machinery. The NAP presently provides employment to 15,000 people and generates export revenue of Rs. 15 billion from the apparel produced in it.

There are about 3000 sewing units, 1326 knitting units, 730 dyeing units and other ancillary units. Some of the world’s largest retailers including C&A, Switcher SA, Walmart, Primark, Oviesse, Switcher, Polo Ralph Lauren, Diesel, Tommy Hilfiger, M&S, FILA, H&M, Reebok import textiles and clothing from Tirupur.

Answer: (c)

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.

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)

Construction Industry is not included in Manufacturing Sector.