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

Question : 1

Durgapur steel plant was set up in assistance of

a) rance

b) UK

c) USA

d) Germany

Question : 2

The theme for 2019-20 economic survey is:

a) Wealth creation

b) Domestic consumption led growth

c) Investment led growth

d) Welfare

Question : 3

Consider the following about “Virtual Clusters”?

1. Web portal by Department of Information Technology
2. Web portal by Ministry of MSME
3. It enables small businesses and other supporting institutions to come together
4. It enables banks to refinance each other

a) 1, 3 and 4

b) 2, 3 and 4

c) 1 and 2

d) 2 and 3 both

Question : 4

ith reference to the Public Sector Undertakings in India, consider the following statement

1. Minerals and Metals Trading corporation of India Limited is the largest non-oil importer of the country.
2. Project and Equipment Corporation of India Limited is under the Ministry of Industry.
3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities.

a) 2 and 3

b) 1 and 2

c) 1 only

d) 3 only

Question : 5

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 : 6

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