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

Question : 1

Where is the headquarter of World Bank located?

a) New York

b) Geneva

c) Washington D.C.

d) Rome

Question : 2

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 : 3

Arrange in decreasing order the percentage share in power generation capacity:

a) Private > Central > States

b) Private > States > Central

c) Central > Private > States

d) Central > States Private

Question : 4

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 : 5

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 : 6

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