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

Question : 1

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

Question : 2

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

Question : 3

Which ministry/department grants "Infrastructure Status" to the various sectors:

a) Department of Economic Affairs, Ministry of Finance

b) Reserve Bank of India (RBI)

c) Department of Financial Services, Ministry of Finance

d) None of the above

Question : 4

Consider the following factors regarding an industry :

1. Capital Investment
2. Business Turnover
3. Labour Force
4. Power Consumption

a) 1, 2 and 4

b) 2, 3 and 4

c) 1, 3 and 4

d) 2 and 3

Question : 5

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.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

Question : 6

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

a) ICICI

b) RIDF

c) IDBI

d) IFCI