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

Question : 1

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 : 2

In India, in the overall index of industrial production, the indices of eight core industries have a combined weight of 37-90%. Which of the following are among those eight core industries?

1. Cement
2. Fertilizers
3. Natural gas
4. Refinery products
5. Textiles

a) 2, 3, 4 and 5

b) 1, 2, 3, 4 and 5

c) 1, 2, 3 and 4

d) 2, 3 and 5

Question : 3

Consider the following pairs :      

a) 1 and 3

b) 1 and 2

c) 2 only

d) 1, 2 and 3

Question : 4

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

a) C. Rangarajan

b) Vijay Kelkar

c) Kaushik Basu

d) Y.V. Reddy

Question : 5

Match the following products with their percentage part that was controlled by the foreigners at the time of independence:

a) I – c, II – b, III – a, IV - d

b) I – b, II – d, III – a, IV - c

c) I – c, II – d, III – a, IV – b

d) I – a, II – d, III – c, IV - b

Question : 6

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