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) Knitted Garments
(b) Gems and Jewellery
(c) Leather Goods
(d) Handicrafts
The correct answers to the above question in:
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.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Which of the following is/are cause(s) of slow growth of private enterprises in India’s industrialization (1850-1957)?
a) Banking was not highly developed & was more concerned with commerce rather than industry.
b) Unimaginative private enterprise, shortsighted Indian industrialists.
c) All of these
d) complete absence of financial institutions to help transfer of savings to industrial investment.
Answer »Answer: (c)
Question : 2
Consider the following statements regarding the newly launched "Toll Operate-Transfer (TOT)" model in the road sector:
- Toll revenue collection rights are auctioned to private players for long term
- Toll revenue need to be shared with the government authority
- Already constructed roads are given to private players
a) (i) only
b) (i) & (iii) only
c) (ii) only
d) (ii) & (ii) only
Answer »Answer: (b)
NHAI is giving the already public-funded/constructed highway projects through the TOT model to private players.
NHAI is transferring these operational projects on a long-term lease basis to domestic and foreign investors so that it can use the upfront receivables exclusively for funding the construction of other/new highways.
Under Toll-Operate-Transfer (TOT) model, the bidder quoting the maximum upfront amount (to be given to NHAI) wins the bid.
The successful bidder will be responsible to collect the toll for the lease period (generally for 30 years) and will operate and maintain the road. (It is a PPP model)
Question : 3
Consider the following statements about Rashtriya Ispat Nigam:
- It is also known as Vizag Steel
- It has been constructed with collaboration with the former USSR and Germany
- It is a Navratna company
- It is ‘5 S’ certified
a) 1, 3 and 4
b) 1, 2, 3 and 4
c) 1 and 2
d) 1, 2 and 3
Answer »Answer: (b)
Rashtriya Ispat Nigam Ltd (Vizag Steel) was established in 1982 in collaboration with the former USSR and Germany.
It is one of the Navratna companies and has achieved plant level certification in the “5S” Work Place Management System.
It is the first 5S certified public sector enterprise in the steel industry.
Question : 4
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 : 5
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 : 6
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.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
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industries manufacturing & service sectors section 10
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