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
- 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
The correct answers to the above question in:
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.
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Question : 1
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 : 2
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 : 3
Which one of the following is not correct in the context of industrial clusters development in India?
a) Industrial cluster programmes in India are administered by various ministries
b) Industrial clusters play an important role for the MSME participants in their inclusiveness, technology absorption and efficiency improvement
c) Industrial clusters are visible in traditional handloom, handicrafts and modern SME
d) Industrial clusters lead to promotion of monopoly in the market
Answer »Answer: (d)
Industrial clusters development has an objective to support the sustainability and growth of small and medium enterprises in India.
This scheme is governed and administered by the Ministry of micro, small and medium enterprises.
Question : 4
What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?
- 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
Answer »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 : 5
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 : 6
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.
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industries manufacturing & service sectors section 10
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