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

(a) ICICI

(b) RIDF

(c) IDBI

(d) IFCI

The correct answers to the above question in:

Answer: (c)

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Question : 1

What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?

  1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
  2. It enables the beneficiaries in the rural areas to make deposits and withdrawals.
Select the correct answer using the code given below.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

Answer: (a)

Besides giving access to banking, it also enables government subsidies and social security benefits to be directly credited to the accounts of the beneficiaries, enabling them to draw the money from the bank saathi or business correspondents in their village itself.

Question : 2

Consider the following factors regarding an industry :

  1. Capital Investment
  2. Business Turnover
  3. Labour Force
  4. Power Consumption
Which of these determine the nature and size of the industry?

a) 1, 2 and 4

b) 2, 3 and 4

c) 1, 3 and 4

d) 2 and 3

Answer: (c)

The factors which are responsible for an industry are capital investment, labour force and power consumption. However, nature and size of business is not determined by the turnover of business.

Question : 3

List I List II
(Industries) (Industrial Centres)
A. Pearl fishing 1. Pune
B. Automobiles 2. Tuticorin
C. Shipbuilding 3. Pinjore
D. Engineering goods 4. Marmagao 
Codes: A B C D

a) A – 1; B – 2; C – 4; D – 3

b) A – 2; B – 1; C – 3; D – 4

c) A – 2; B – 1; C – 4; D – 3

d) A – 1; B – 2; C – 3; D – 4

Answer: (c)

Industries – Industrial centres

(A) Pearl fishing – Tuticorin

(B) Automobile industry– Pune

(C) Shipbuilding – Marmagao

(D) Engineering goods– Pinjore

Question : 4

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 : 5

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 : 6

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

a) Vodafone

b) Bharti Airtel

c) Reliance Communication

d) Aircel

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.

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