industries manufacturing & service sectors section 6 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 10 EXERCISES
-
500+ Indian Industries & Service Sectors GK MCQ For IBPS »
-
500+ Industry & Manufacturing Sectors GK Online MCQ Quiz »
-
New 599+ Indian Economy Trade & Commerce GK MCQ Quiz PDF »
-
Top Indian Manufacturing Industries GK MCQ Quiz For UPSC »
-
500+ Industries & Service Sector Question And Answer Test »
-
New 500+ Indian Secondary & Tertiary Sectors GK MCQ Test »
-
500+ Indian Manufacturing & Service Sector GK MCQ For SSC »
-
New 500+ Indian Economy Tertiary Sector GK MCQ Quiz PDF »
-
Top Industry & Manufacturing Sector Questions Answers PDF »
-
Top 1000+ Indian Service Sector GK MCQ Quiz PDF For IBPS »
The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
(a) 390 Billion Dollar
(b) 190 Billion Dollar
(c) 490 Billion Dollar
(d) 290 Billion Dollar
The correct answers to the above question in:
Answer: (a)
India’s external debt, as of end-March 2013, was placed at US$ 390.0 billion showing an increase of USD 44.6 billion or 12.9 per cent over the level at end-March 2012.
The increase in total external debt during financial year 2012-13 was primarily on account of rise in short-term trade credit.
There has been sizeable rise in external commercial borrowings (ECBs) and rupee denominated Nonresident Indian deposits as well.
Practice Industries, Manufacturing & Service Sectors (industries manufacturing & service sectors section 6) Online Quiz
Discuss Form
Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Which of the following statements are true with reference to Special Economic Zones (SEZ)?
- SEZ units may import/procure goods and services from the Domestic Tariff Area (DTA) without payment of customs/import duty
- Customs duty is imposed on sale from SEZ to DTA
- SEZ units should be net foreign exchange-earners
a) (i) only
b) (iii) only
c) (i) & (iii) only
d) All of the above
Answer »Answer: (d)
“Domestic Tariff Area” (DTA) means the whole of India (including the territorial waters and continental shelf) but does not include the areas of the Special Economic Zones (SEZs).
“Special Economic Zone” (SEZ) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. SEZ units may be set up for the manufacture of goods and rendering of services.
Goods and services going into the SEZ area from DTA shall be treated as exports and goods coming from the SEZ area into DTA shall be treated as if these are being imported.
Some important points related to duties in SEZs:
- SEZ units may import/procure goods and services from DTA without payment of duty for setting up, operation and maintenance of units in the Zone.
- SEZ unit may sell goods, including by-products, and services in DTA in accordance· with the import policy in force, on payment of applicable (customs etc.) duty.
- SEZ unit shall be a positive Net Foreign exchange Earner. Net Foreign Exchange Earning (NFE) shall be calculated cumulatively for a period of five years from the commencement of production.
Question : 2
Consider the following statements about the second Five Year Plan :
- Priorities were given in the production of iron and steel and heavy engineering and machine building industries.
- Strengthening the oil exploration and coal in India.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
According to the Second Five Year Plan the priorities were given in the production of iron and steel and heavy engineering and also to strengthen the oil exploration and coal.
Question : 3
Which statements are correct regarding Industrialization post-1990?
- Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
- The foreign equity investment was allowed up to 70%.
- Geographical restrictions and investment cap for small industries were removed.
a) I & III
b) Only II
c) I & II
d) All the above
Answer »Answer: (a)
Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
The foreign equity investment was allowed up to 40%. Geographical restrictions and investment cap for small industries were removed.
Question : 4
HAL is related to manufacturing of
a) Space missiles
b) Telecommunication equipments
c) Aircrafts
d) War missiles
Answer »Answer: (c)
HAL, the government-owned corporation is primarily involved in the operations of the aerospace industry.
These include manufacturing and assembly of aircraft, navigation and related communication equipment.
Question : 5
Recently foundation stone of a new Rail Coach Factory has been laid at
a) Rai Bareli
b) Saharsa
c) Chennai
d) Amritsar
Answer »Answer: (a)
Recently, the foundation stone of a new Rail Coach Factory has been laid at Rai Bareli.
The factory will present the eco-friendly side of Indian Railways sporting smokeless chimneys and neutralising effluents from the plant.
As many as 14 types of coaches, including ‘AC double-decker day cars’ would roll out from the factory.
Question : 6
Consider the following statements: Small-Scale industries are in most cases not as efficient as and competitive as the large scales ones. Yet the government provides preferential treatment and reservation in a range of products to the small firms because small industries
- Provide higher employment on a par unit capital development basis.
- Promote a regional dispersion of industries and economic activities.
- Have promoted better in the export of manufacture products than the large scales one.
- Provides jobs to low skills workers, who otherwise may not find employment avenues elsewhere.
a) 2 and 3
b) 1 and 2
c) 1 and 4
d) 3 and 4
Answer »Answer: (c)
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
industries manufacturing & service sectors section 1
industries manufacturing & service sectors section 2
industries manufacturing & service sectors section 3
industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
Industries, Manufacturing & Service Sectors Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
100+ Quadratic Equation Questions Answers PDF for Bank
Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
IBPS Aptitude Linear Equations MCQ Questions Answers PDF
Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »