industries manufacturing & service sectors section 7 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
- Economic infrastructure is located within the system of production and distribution. Some of these are the transport system, banking system and power.
- 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
The correct answers to the above question in:
Answer: (a)
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Explain ‘joint sector’ in India?
a) Product produced together by the public and private sectors is called the joint sector
b) It is an enterprise owned jointly by an Indian and a foreign enterprise
c) Where the government has more than 50% share
d) It is an enterprise owned jointly by both the sectors
Answer »Answer: (d)
Question : 2
In which of the following field is the Ramnath Goenka Award given?
a) Cinema
b) Industry
c) Journalism
d) Services
Answer »Answer: (c)
Ramnath Goenka Awards is given for Excellence in Journalism. It show eases the values that stand for good journalism: excellence and enterprise, courage and fairness.
The awards cover the entire gamut of Indian media, Print and Broadcast, in English and Indian languages.
Question : 3
‘Level playing field’ argument of industries requires
a) licence for MNCs to be given only in environmentfriendly technology.
b) domestic industry to be treated on par with MNCs.
c) MNCs to be stopped from investing in India.
d) domestic industry to be given preference.
Answer »Answer: (b)
Question : 4
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
Answer »Answer: (a)
Venture capital (VC) is a long term financial capital provided to early-stage, high-potential, growth start up companies or new companies.
Question : 5
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
Answer »Answer: (c)
The plastic park scheme envisages clusters of plastic industry operations including small and medium-sized enterprises and recycling operations. These parks will provide raw materials, power and land for plastic companies.
These parks are expected to generate huge direct and indirect employment.
Question : 6
Government of India decided to celebrate the year 2013 as
a) Energy conservation year
b) Environment conservation year
c) Wildlife conservation year
d) Water conservation year
Answer »Answer: (d)
The government of India decided to celebrate the year 2013 as the water conservation year with an emphasis on sensitizing the masses on water-related issues, encourage them to conserve and use them judiciously.
Water Conservation is also the key objective of the National Water Mission which is one of the eight National Missions.
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industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
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industries manufacturing & service sectors section 10
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