industries manufacturing & service sectors section 6 MCQ Questions & Answers Detailed Explanation

Question : 1

Which of the following can be called as a part of the service sector?

a) Coal mines

b) Textile mills

c) Banking

d) Agricultural

Question : 2

What are the approaches to disinvestment?

1. In all cases of disinvestment, the Government would retain at least 31% equity and the management control.
2. All cases of disinvestment are to be decided on a case by case basis
3. The Department of Disinvestment is to identify CPSEs in consultation with respective administrative Ministries and submit proposals to the Government in cases requiring an Offer for the Sale of Government equity.

a) II & III

b) Only I

c) I & II

d) All the above

Question : 3

Which statement is true regarding employment in India?

1. Food products industry has ranked first in generating employment, providing employment to 0.48 million persons (13.1%).
2. The next two industry groups were Non-metallic mineral products with the employment of 0.45 million persons (12.2%) and Metal products with 0.37 million persons (10.2%).
3. In chemicals & chemical products, machinery parts except for electrical parts, wood products, basic metal industries, paper products & printing, hosiery & garments, repair services and rubber & plastic products, the contribution ranged from 9% to 5%

a) Only III

b) II & III

c) I & II

d) All the above

Question : 4

What were the modified policies of government after the 1950s?

1. Defence and strategic industries were to be the exclusive domain of the government.
2. Existing units in basic and key industries could continue in the private sector but no fresh private investment in these sectors was to be allowed.
3. Twenty important industries were allowed in the private sector but under the strict supervision of the state.
4. All industries not covered by the above three categories were allowed in the private sector under the general supervision of the state.

a) II & III

b) I & II

c) Only I

d) All the above

Question : 5

Which of the following grants / grant direct credit assistance to rural households?

1. Regional Rural Banks
2. National Bank for Agriculture and Rural Development
3. Land Development Banks

a) 1 and 3 only

b) 2 only

c) 1 and 2 only

d) 1, 2 and 3

Question : 6

OTCEI is—

a) An Indian Share Market

b) Atomic Submarine of China

c) A defence research organisation

d) Economic Policy of USA