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

Answer: (b)

India’s share in world merchandise exports is around 1.7%

India toppled Vietnam to become the second-largest manufacturer of mobile phones globally following China in 2018.

Ref: Economic Survey 2019-20, Vol – I, Chapter 5, Page No. 101 and 115

Answer: (c)

Bengaluru or Bangalore is identified as the hottest outsourcing destination in the world.

Bangalore continues to rule as India’s software hub, with its availability of skilled resources. The pleasant climate of Bangalore has also been a factor in Bangalore’s popularity.

Answer: (b)

Bharti Airtel has acquired Zain Telecom’s African assets in a $10.7 billion deal. The acquisition of Zain assets will give the Indian mobile market leader a footprint in 15 African countries.

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.

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.

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.