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

Question : 1

In which of the following field is the Ramnath Goenka Award given?

a) Cinema

b) Industry

c) Journalism

d) Services

Question : 2

‘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.

Question : 3

When was the first modern paper mill of the country set up?

a) 1846

b) 1827

c) 1812

d) 1854

Question : 4

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 : 5

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 : 6

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