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

Question : 1

“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

Question : 2

What are the major points when India was declared as mixed economy?

1. 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.
2. A group of 18 specified industries (of medium category) were in control of the state governments in liaison with the central government.
3. The remaining industrial options which were not covered by either the centre or state lists were left open to the private sector.
4. This policy was to be reviewed after 5 years.

a) Only III

b) I, II & III

c) I & II

d) All the above

Question : 3

The moral case for CSR, i.e. that it is the right thing to do, is justified by which of the following arguments?

a) That the corporation is a legal creation and therefore cannot be a moral agent.

b) Business decisions will have social and environmental consequences which will be addressed by governments.

c) That the corporation is a creation of society and should therefore serve its needs.

d) Large corporations do not have the power or resources to address society’s problems.

Question : 4

Consider the following statements regarding the newly launched "Toll Operate-Transfer (TOT)" model in the road sector:

1. Toll revenue collection rights are auctioned to private players for long term
2. Toll revenue need to be shared with the government authority
3. Already constructed roads are given to private players

a) (i) only

b) (i) & (iii) only

c) (ii) only

d) (ii) & (ii) only

Question : 5

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.

Question : 6

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