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
- It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
- It enables the beneficiaries in the rural areas to make deposits and withdrawals.
(a) Both 1 and 2
(b) 2 only
(c) 1 only
(d) Neither 1 nor 2
The correct answers to the above question in:
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.
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Question : 1
Consider the following factors regarding an industry :
- Capital Investment
- Business Turnover
- Labour Force
- Power Consumption
a) 1, 2 and 4
b) 2, 3 and 4
c) 1, 3 and 4
d) 2 and 3
Answer »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 : 2
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 |
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 »Answer: (c)
Industries – Industrial centres
(A) Pearl fishing – Tuticorin
(B) Automobile industry– Pune
(C) Shipbuilding – Marmagao
(D) Engineering goods– Pinjore
Question : 3
The sales tax you pay while purchasing a toothpaste is a
a) tax imposed by the Central Government but collected by the State Government
b) tax imposed and collected by the State Government
c) tax imposed by the Central Government
d) tax imposed by the State Government but collected by the Central Government
Answer »Answer: (b)
Taxes on tooth paste come under GST which is administered by State government.Sales tax is paid to sales tax authority in the state from where the goods are moved.
Question : 4
Which among the following is the apex organization of Industrial Finance in India?
a) ICICI
b) RIDF
c) IDBI
d) IFCI
Answer »Answer: (c)
Question : 5
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 »Answer: (c)
ONGC is India’s largest petrochemical company. IPCL is the second largest petrochemical company.
Question : 6
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 »Answer: (c)
Construction falls in infrastructure sector Infra structure sector includes– roads, railways, ports, airports, electricity, telecommunications, irrigation and pipelines etc.
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