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

Question : 1

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 : 2

Where is the headquarter of World Bank located?

a) New York

b) Geneva

c) Washington D.C.

d) Rome

Question : 3

An increase in the Bank Rate generally indicates that the

a) Central Bank is no longer making loans to commercial banks

b) Central Bank is following a tight money policy

c) market rate of interest is likely to fall

d) Central Bank is following an easy money policy

Question : 4

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 : 5

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

Question : 6

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