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

Questions : Kuwait’s biggest Mobile Telecommunication Company known as Zain has been bought by—

(a) Vodafone

(b) Bharti Airtel

(c) Reliance Communication

(d) Aircel

The correct answers to the above question in:

Answer: (b)

Bharti Airtel has acquired Zain Telecom’s African assets in a $10.7 billion deal. The acquisition of Zain assets will give the Indian mobile market leader a footprint in 15 African countries.

Practice Industries, Manufacturing & Service Sectors (industries manufacturing & service sectors section 7) Online Quiz

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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers

Question : 1

Which one of the following is not a part of service sector in India?

a) Hotels and restaurants

b) Transport

c) Construction

d) Insurance

Answer: (c)

Construction falls in infrastructure sector Infra structure sector includes– roads, railways, ports, airports, electricity, telecommunications, irrigation and pipelines etc.

Question : 2

With reference to India, which one of the following statements is not correct?

a) RIL is the largest private sector company in India

b) BSNL is the first telecom service organization in India to launch a nationwide cellular service at one time

c) IPCL is India’s largest petrochemical company

d) MTNL is listed on NYSE

Answer: (c)

ONGC is India’s largest petrochemical company. IPCL is the second largest petrochemical company.

Question : 3

Which among the following is the apex organization of Industrial Finance in India?

a) ICICI

b) RIDF

c) IDBI

d) IFCI

Answer: (c)

Question : 4

Which of the following statements are true for the Regional Connectivity Scheme (RCS)/UDAN:

  1. Connects unserved and underserved airports
  2. Government provides Viability Gap Funding (VGF)
  3. There will be multiple players operating on each route
Select the correct answer using the code given below:

a) (i) only

b) (ii) & (iii) only

c) (i) & (ii) only

d) All of the above

Answer: (c)

UDAN (Ude Desh ka Aam Naagrik) is an initiative by the government to connect the country’s under-served and unserved airports. Under the Centre’s Regional Connectivity Scheme (RCS), the operators will be extended viability gap funding (VGF) which will be operational for three years from the date of starting operations in a specific UDAN route.

The selection of the operators will be based on the bidder asking for the minimum VGF. Five airlines operators won bids in the first phase to operate on 128 routes which will be connecting 70 airports, out of which 31 are unserved and 12 under-served. There will be one operator operating the flights per route.

As per the scheme, the Centre will subsidize the losses incurred by airlines operating on RCS routes so that the airlines charge a maximum of Rs. 2500 for an hour's flight (around 500 km). 80% of the subsidy will be collected by charging a levy of up to Rs. 8500 on each departing flight of normal domestic airlines and the rest 20% will come from the respective State governments.

Question : 5

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

a) 1846

b) 1827

c) 1812

d) 1854

Answer: (c)

Paper and Paper Board is a forest-based industry. In 1812 the first modern paper mill of the country was set up at Serampore in West Bengal.

Question : 6

‘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: (b)

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