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
- 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
The correct answers to the above question in:
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)
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Question : 1
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 : 2
“Public Private Partnership Appraisal Committee (PPPAC)” is under which ministry/department?
a) Department of Economic Affairs (DEA)
b) Ministry of Road, Transport and Highways
c) Department of Investment and Public Asset Management (DIPAM)
d) Ministry of Railway
Answer »Answer: (a)
Question : 3
What are the major points when India was declared as mixed economy?
- Those industries completely owned by the Government e.g. ordinance, atomic energy, railways and any industry of national importance were to be the exclusive domain of the Central government.
- A group of 18 specified industries (of medium category) were in control of the state governments in liaison with the central government.
- The remaining industrial options which were not covered by either the centre or state lists were left open to the private sector.
- This policy was to be reviewed after 5 years.
a) Only III
b) I, II & III
c) I & II
d) All the above
Answer »Answer: (d)
Question : 4
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 : 5
For which one of the following items, is Tiruppur well known as a huge exporter to many parts of the world?
a) Knitted Garments
b) Gems and Jewellery
c) Leather Goods
d) Handicrafts
Answer »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.
Question : 6
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.
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