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
- 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
The correct answers to the above question in:
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.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
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 : 2
When was the ‘Policy Package for Setting up Credit to Small and Medium Enterprises’ announced?
a) March 2009
b) August 2005
c) February 2007
d) November 2010
Answer »Answer: (b)
On August 10, 2005, a ‘Policy Package for Setting up Credit to Small and Medium Enterprises’ was announced with the objective to double the credit flow to the sector within a period of five years.
Question : 3
The number of women entrepreneurs in small scale industrial region is highest in the state of?
a) Maharashtra
b) Karnataka
c) Tamil Nadu
d) Kerala
Answer »Answer: (c)
Tamil Nadu has the highest number of women entrepreneurs with 2930 women equalling to 30.36 %.
Question : 4
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 : 5
Who among the following leaders announced the Industrial Policy of 1956?
a) Jawaharlal Nehru
b) J B Kriplani
c) Sardar Patel
d) Balwant Rai mehta
Answer »Answer: (a)
Question : 6
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
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
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industries manufacturing & service sectors section 2
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industries manufacturing & service sectors section 10
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