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
- India’s share in world merchandise exports is less than 2%
- India is the second-largest manufacturer of mobile phones in the world
(a) (i) only
(b) Both (i) & (ii)
(c) (ii) only
(d) Neither (i) nor (ii)
The correct answers to the above question in:
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
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Which one of the following cities is identified as the hottest outsourcing destination in the world ?
a) Makati city, the Philippines
b) Dublin, Ireland
c) Bengaluru, India
d) Tokyo, Japan
Answer »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.
Question : 2
Kuwait’s biggest Mobile Telecommunication Company known as Zain has been bought by—
a) Vodafone
b) Bharti Airtel
c) Aircel
d) Reliance Communication
Answer »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.
Question : 3
Consider the following statements about the Competition Commission of India.
- Competition Commission of India (CCI) was established with effect from 14th October 2003.
- The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises.
- CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.
a) 2 only
b) 1 and 2
c) 1 only
d) All of the above
Answer »Answer: (d)
Competition Commission of India is a body of the government of India responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October, 2003.
The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises. CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.
Question : 4
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 : 5
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 : 6
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.
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