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

Question : 1

Who is the chairman of 14th Finance Commission of India?

a) C. Rangarajan

b) Vijay Kelkar

c) Kaushik Basu

d) Y.V. Reddy

Question : 2

Consider the following statements :

1. India has attained self-sufficiency in almost all consumer goods.
2. In terms of capital goods, India still depends on the import.

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Question : 3

Consider the following statements about pool pricing :

1. Controversial proposal to pool prices has been associated with coal.
2. It is mechanism of averaging of the price of imported and indigenous coal.
3. It is jointly buying coal blocks.
4. It applies to private companies only.

a) 1, 3 and 4

b) 1, 2, 3 and 4

c) 1 and 2

d) 1, 2 and 3

Question : 4

In the context of the present ceiling on investment for categorization of various enterprises as Micro, Small and Medium Manufacturing Enterprises (MSMEs), which of the following statements are correct:

1. A microenterprise is an enterprise where the investment in equipment does not exceed Rs. 25 lakh.
2. A small enterprise is an enterprise where the investment in equipment is more than Rs. 25 lakh but does not exceed Rs. 5 crores.
3. A medium enterprise is an enterprise where the investment in equipment is more than Rs. 5 crore but does not exceed Rs. 10 crore.

a) Only 3

b) Only 2

c) Only 1

d) All of them

Question : 5

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 : 6

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