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

Question : 1

Which one of the following is not correct about ‘plastic parks’?

a) To increase competitiveness and investment in plastic sector is one of the objectives

b) This is a scheme too assist plastic industries in India

c) These parks will help to develop biodegradable plastics

d) It emphasises environmentally sustainable growth in plastic sector with cluster development approach

Question : 2

What does venture capital mean?

a) A long-term start-up capital provided to new entrepreneurs

b) Funds provided for replacement and renovation of industries

c) A short-term capital provided to industries

d) Funds provided to industries at times of incurring losses

Question : 3

Consider the following statements:

1. Economic infrastructure is located within the system of production and distribution. Some of these are the transport system, banking system and power.
2. Social infrastructure contributes to the production process from outside the system. Some examples are education, training, hospitals and housing.

a) Both I & II

b) Only II

c) Only I

d) None of these

Question : 4

Consider the following pairs :      

a) 1 and 3

b) 1 and 2

c) 2 only

d) 1, 2 and 3

Question : 5

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 : 6

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