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

Answer: (a)

The IT industry is the biggest private-sector employer in India, and it added 230,000 employees in 2014-15, thus making the total number of jobs in the industry close to 3.5 million.

The IT sector also accounted for 9.5% of the gross domestic product. The IT industry holds the largest share of total services exports at 38%.

Answer: (a)

A circular economy is an industrial system that is restorative or regenerative by intention and design.

It replaces the end-of-life concept with

1. restoration,
2. shifts towards the use of renewable energy,
3. eliminates the use of toxic chemicals,
4. which impair reuse and return to the biosphere, and
5. aims for the elimination of waste through the superior design of materials, products, systems and business models.

Answer: (d)

The small-scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy.

Answer: (c)

the Electronic industry is responsible for the generation of employment. Bangalore is the hub of the electronic industry in the country and is called the electronic city.

There are approximately 200 IT/ ITES companies located in Electronics City which have employed many unemployed in various fields.

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.

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.