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

Questions : In light of the recent COVID-19 pandemic, which of the following acts were invoked in reference to ‘masks’ and ‘hand sanitisers’:
  1. Essential Commodities Act 1955
  2. Prevention of Black Marketing and Maintenance of Supplies of Essential Commodities Act, 1980
  3. Disaster Management Act 2005
Which of the statements given above is/are correct?

(a) (i) only

(b) (ii) & (iii) only

(c) (i) & (iii) only

(d) All of the above

The correct answers to the above question in:

Answer: (d)

All three acts were invoked.

The Centre on 15th March 2020 brought masks and hand sanitisers under the Essential Commodities Act, 1955 to make sure that these products, key for preventing the spread of Covid-19 infection, are available to people at the right price and in the right quality.

Taking note of the fact that masks and hand sanitisers are not easily available and vendors are charging exorbitant prices for them, the government declared these items as essential commodities till June 30 2020 under the EC Act. Under this Act, the States and Union Territories can ask manufacturers to enhance their production capacity so that these products are widely available to consumers.

An offender under the EC Act 1955 may be punished with imprisonment of up to seven years or fine, or both, and under the Prevention of Black Marketing and Maintenance of Supplies of Essential Commodities Act, 1980, he can be detained for up to six months.

The central government on 14th March 2020 declared/notified COVID-19 as a national 'disaster' and announced to provide ex-gratia relief of Rs 4 lakh to the families who died of the virus. The move by the centre would allow the states to spend a larger chunk of funds from the State Disaster Response Fund (SDRF) to fight the pandemic.

Govt. of India, in the exercise of the powers conferred under Section 3 and 5 of the Essential Commodities Act, 1955 has delegated the powers in respect of some sections of EC Act 1955 to National Pharmaceutical Pricing Authority (NPPA) to exercise the functions of the Central Government.

Under section 10 of the Disaster Management Act, 2005, the Ministry of Health and Family Welfare, on 13th March 2020, directed National Pharmaceutical Pricing Authority (NPPA) (to implement plans to tackle disaster and accordingly) to ensure the availability and prices of the Surgical and protective masks, Hand sanitisers and Gloves. Accordingly, NPPA vide order dated 13th March 2020 has directed to all State /UT Governments, in the public interest, in order to deal with the situation arising out of COVID-19, to take necessary steps to ensure sufficient availability of Surgical and protective masks, Hand sanitisers and Gloves at prices not exceeding the MRP printed on the pack size.

For Essential Commodities Act 1955; AND Prevention of Black Marketing and Maintenance of Supplies of Essential Commodities Act, 1980, please refer to the following article

Practice Industries, Manufacturing & Service Sectors (industries manufacturing & service sectors section 5) Online Quiz

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Question : 1

Which of the following agency/ministry regulates tariffs for aeronautical services at the airports?

a) Airport Authority of India (AAI)

b) Directorate General of Civil Aviation (DGCA)

c) Airport Economic Regulatory Authority (AERA)

d) Ministry of Civil Aviation

Answer: (c)

The Airports Economic Regulatory Authority (AERA) is a statutory body constituted under the Airports Economic Regulatory Authority of India Act, 2008 with its head office at Delhi.

The statutory functions of the AERA as enshrined in the Airports Economic Regulatory Authority of India Act, 2008 are as below:

  1. To determine the tariff for the aeronautical services taking into consideration of the various expenses
  2. To determine the amount of the Development Fees in respect of major airports.
  3. To determine the amount of Passenger Service Fee
  4. To monitor the set Performance Standards relating to quality, continuity and reliability of service

Airports Authority of India (AAI) was constituted by an Act of Parliament and came into being on 1st April 1995 and it is entrusted with the responsibility of creating, upgrading, maintaining and managing civil aviation infrastructure both on the ground and air space in the country.

The Directorate General of Civil Aviation (DGCA) is the regulatory body in the field of Civil Aviation, primarily dealing with safety issues. It is responsible for the regulation of air transport services to/from/within India and for enforcement of civil air regulations, air safety, and airworthiness standards.

The DGCA also coordinates all regulatory functions with the International Civil Aviation Organisation (ICAO).

Question : 2

Which one of the following is not correct about ‘plastic parks’?

a) These parks will help to develop biodegradable plastics

b) To increase competitiveness and investment in plastic sector is one of the objectives

c) This is a scheme too assist plastic industries in India

d) It emphasises environmentally sustainable growth in plastic sector with cluster development approach

Answer: (a)

The plastic park scheme envisages clusters of plastic industry operations including small and medium-sized enterprises and recycling operations.

These parks will provide raw materials, power and land for plastic companies. These parks are expected to generate huge direct and indirect employment.

Question : 3

Consider the following statements:

  1. The first modern steel producing unit was established at Kulti (W. Bengal) in 1874.
  2. Bhilai Steel Plant was established in 1955 with help of the USSR.
  3. Rourkela Steel Plant was established with the collaboration of the west Germany.
  4. Bokaro Steel Plant started taking shape in 1965 and its first Blast Furnace stared on 2nd October 1972.
Which of the statements are correct?

a) 1, 3 and 4

b) 1, 2, 3 and 4 all

c) 1, 2 and 3

d) 2, 3 and 4

Answer: (b)

The first notable attempt in the steel industry in India was made in 1874 when the Bengal Iron Works (BIW) came into being at Kulti, near Asansol in West Bengal.

The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh, was set up with the help of the USSR in 1955.

SAILRourkela Steel Plant (RSP), located in Rourkela, Odisha the first integrated steel plant in the public sector in India, was set up with German collaboration with an installed capacity of 1 million tonnes in the 60s. Bokaro Steel Plant is located in the Bokaro district of Jharkhand.

It is the fourth integrated public sector steel plant in India built with Soviet help and its first Blast Furnace started on 2nd October 1972. It is the country’s first Swadeshi steel plant, built with maximum indigenous content.

Question : 4

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: (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 : 5

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: (d)

Question : 6

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: (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.

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