industries manufacturing & service sectors section 7 MCQ Questions & Answers Detailed Explanation

Question : 1

Consider the following statements about the Competition Commission of India.

1. Competition Commission of India (CCI) was established with effect from 14th October 2003.
2. The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises.
3. 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

Question : 2

What is the major contribution of the Electronics industry to the country?

a) Improved standard of living

b) Maximised wealth formation

c) Encouraged employment

d) Reduced poverty

Question : 3

In India the public sector is the most dominant in

a) organized term-ending financial institution

b) commercial banking

c) steel production

d) transport