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
- Cement
- Fertilizers
- Natural gas
- Refinery products
- Textiles
(a) 1, 2, 3 and 4
(b) 2, 3, 4 and 5
(c) 1, 2, 3, 4 and 5
(d) 2, 3 and 5
The correct answers to the above question in:
Answer: (a)
In India, in the overall index of industrial production, the indices of eight core industries have a combined weight of 37-90%. Among those eight core industries are cement, Fertilizers, Natural gas and Refinery products.
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Question : 1
India’s first port-based Special Economic Zone named International Container Trans-shipment Terminal (ICTI) is being set-up at?
a) Goa
b) Kandla
c) Tuticorin
d) Kochi
Answer »Answer: (d)
The Kochi International Container Transhipment Terminal (ICTT), locally known as the Vallarpadam Terminal, is a container trans-shipment facility which is part of the Cochin Port in Kochi, India.
Question : 2
In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?
a) Swing Demand
b) Imperfect
c) Supracompetitive pricing
d) Kinked Demand
Answer »Answer: (d)
Question : 3
According to the data studied by Planning commission in 2011–12, how much the population of India falls under the poverty line?
a) 31.2%
b) 14.2%
c) 34.2%
d) 21.9%
Answer »Answer: (d)
According to the data studied by Planning Commission in 2011–12, 21.9% of the population of India falls under the poverty line.
Question : 4
Consider the following about “Virtual Clusters”?
- Web portal by Department of Information Technology
- Web portal by Ministry of MSME
- It enables small businesses and other supporting institutions to come together
- 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
Answer »Answer: (d)
Virtual Clusters by the Ministry of Micro, Small and Medium Enterprises, is a dedicated web portal that will enable small businesses across the country along with other supporting institutions, like banks, government bodies, NGOs, industry experts, consultants and trainers, academia, research and technical institutions, etc. to come together and share their expertise.
Question : 5
The theme for 2019-20 economic survey is:
a) Wealth creation
b) Domestic consumption led growth
c) Investment led growth
d) Welfare
Answer »Answer: (a)
The overarching theme of the economic survey 2019-20 is wealth creation and the policy choices that enable the same. Wealth creation happens in an economy when the right policy choices are pursued.
The economic survey says that wealth creation and economic development in several advanced economies has been guided by the philosophy of the invisible hand.
Question : 6
Durgapur steel plant was set up in assistance of
a) rance
b) UK
c) USA
d) Germany
Answer »Answer: (b)
Durgapur Steel Plant, SAIL, was set up with the British collaboration in the late fifties with an initial capacity of one million tonnes of crude steel per annum.
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