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

Question : 1

Which statement is correct regarding FERA 1973?

1. The Foreign Exchange and Regulation Act (FERA) was passed in 1980.
2. This resulted in a tremendous shift in the foreign investment policy of the Government of India.
3. Foreign Investment was allowed in only those industries that were directly into exports.

a) II & III

b) Only III

c) I & II

d) All the above

Question : 2

Mobile commerce service M Pesa is an initiative of whom among the following?

1. Vodafone India
2. ICICI Bank
3. Airtel
4. HDFC

a) 3 and 4

b) 1, 2 and 4

c) 1 and 2

d) 2 and 3

Question : 3

Consider the following statements regarding multi-brand FDI in retail:

1. 51% FDI is allowed in inventory-based model of e-commerce
2. 51% FDI is allowed in brick and mortar model
3. 100% FDI is allowed in all models for food products sourced from Indian farmers or manufactured in India

a) (ii) only

b) (ii) & (iii) only

c) (iii) only

d) All of the above

Question : 4

The SEZ Act 2005 which came into effect in February 2006 has certain objectives? In this context consider the following :

1. Development of infrastructure facilities
2. Promotion of investment from foreign sources.
3. Promotion of export of services only.

a) 2 only

b) 2 and 3

c) 1 and 2

d) 1, 2 and 3

Question : 5

Which statement is correct regarding the cotton industry?

1. The first Indian modernised cotton mill, located in Kolkata in 1818
2. The second mill named ‘Bombay Spinning and Weaving Co.’ was established in 1854 at Bombay by KGN Daber
3. There were 394 cotton mills in India before the partition

a) Only II

b) II & III

c) I & II

d) All the above

Question : 6

What is the approximate share of SSIs in gross industrial value added in the Indian economy?

a) 5%

b) 25%

c) 30%

d) 40%