industries manufacturing & service sectors section 6 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
(a) Jawaharlal Nehru
(b) J B Kriplani
(c) Sardar Patel
(d) Balwant Rai mehta
The correct answers to the above question in:
Answer: (a)
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
In which state the arrival of foreign tourists was maximum according to the data of tourism ministry in 2012?
a) Punjab
b) Andhra Pradesh
c) Jammu and Kashmir
d) Maharashtra
Answer »Answer: (d)
In Maharashtra, the arrival of foreign tourists was maximum according to the data of the Tourism Ministry in 2012.
Maharashtra received the highest number of foreign tourists in the country with nearly 4.8 million tourist arrivals in 2011.
Maharashtra was followed by Tamil Nadu and New Delhi, which welcomed 3.4 million and 2.2 million foreigners respectively in the same period.
Question : 2
Consider the following statements about Tata Steel:
- It is Asia’s first privately own integrated iron and steel plant.
- It is the first company outside Japan to get the Deming Application Prize in 2008 for excellence in total quality management
- Immediately after the enactment of the Provident Fund Law in India, Tata Steel introduced a provident funds for its employees.
- It is the first company in the world to get social accountability 8000 certifications from the social accountability international from the USA.
a) 3 and 4
b) 1, 2 and 3
c) 2 and 3
d) 1, 2, 3 and 4
Answer »Answer: (b)
Tata Steel is Asia’s first privately owned integrated iron and steel plant. It is the first company outside Japan to get the Deming Application Prize in 2008 for excellence in total quality management.
Tata Steel started a provident fund for its employees as early as in 1920, however, it became a law for all employers under the Provident Fund Act only in 1952.
Question : 3
Which one of the following is a raw material oriented industry?
a) Petroleum industry
b) Sugar industry
c) Ship Industry
d) Light engineering industry
Answer »Answer: (a)
Crude oil is the basic raw material upon which all refinery processes are founded. Raw material-oriented industries are those industries that are having their locations stick close to the source of raw material.
“Raw material” denotes materials in minimally processed or unprocessed in states e.g. raw later, crude oil, cotton, coal etc
Sugar Industry: It subsumes the production processing and marketing of sugar.
Light Engineering Industry: It is one of the largest sequents of the overall industrial growth of a nation.
Question : 4
Consider the following statements regarding ‘National Investment and Infrastructure Fund’ (NIIF):
- It is meant for both greenfield and brownfield project
- It will invest in infrastructure projects and infrastructure financing companies like NBFCs
- It will raise funds from both domestic and international sources
a) (ii) only
b) (iii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
The government established NIIF in 2015 with the aim to attract investment from both domestic and international sources for funding commercially viable Greenfield, Brownfield and stalled projects in the infrastructure sector. NIIF has been formed as a trust and is registered with SEBI under Category II of Alternative Investment Fund (for tax benefit). It is basically a quasi-sovereign wealth fund as the government holds only 49% ownership.
NIIF will get funds from:
Overseas sovereign/quasi-sovereign/ multilateral/bilateral investors through equity. Cash-rich central PSU, provident funds, insurance funds can also invest in NIIF over and above Govt. of India share. Market borrowings (debt).
NIIF will invest in:
Infrastructure projects through equity and debt both; and
Non-Banking Financial Companies (NBFCs) and Financial Institutions (FIs) are involved in infrastructure financing through equity. Structure of NIIF equity (49%) (equity 51%) (debt) equity/debt equity
Question : 5
A Labour intensive industry is one that :
a) Employs more hands
b) Requires hard manual labour
c) Pays adequate wages to the labour
d) Provides facilities to labour
Answer »Answer: (a)
A labour-intensive industry, as the name suggests, refers to an industry requiring a huge amount of human labour to produce industrial goods.
In such industries, the proportion of labour used is comparatively higher than the proportion of capital.
Question : 6
The Reserve Bank of India regulates the commercial banks in matters of
- liquidity of assets
- branch expansion
- merger of banks
- winding-up of banks
a) 1, 2 and 3 only
b) 2, 3 and 4 only
c) 1 and 4 only
d) 1, 2, 3 and 4
Answer »Answer: (d)
The Reserve Bank of India is the main monetary authority of the country and besides that, in its capacity as the central bank, acts as the bank of the national and state governments.
Sometimes it happens that some of the banks close down due to non-recovery of loans or such other issues. In such conditions, people have to suffer as their money is with the bank then.
For this reason, there is a provision for winding up of the banking company under the Banking Regulation Act, 1949. The power of winding up of Bank lies in the hand of the Reserve Bank of India.
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industries manufacturing & service sectors section 10
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