industries manufacturing & service sectors section 8 MCQ Questions & Answers Detailed Explanation

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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq

Questions : 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

The correct answers to the above question in:

Answer: (b)

A tight monetary policy is a course of action undertaken by Central bank to constrict spending in an economy, or to curb inflation when it is rising too fast.

The increased bank rate increases the cost of borrowing and effectively reduces its attractiveness.

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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers

Question : 1

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

Answer: (b)

Following the power generation capacity as on October 2019:

Private = 46.5%

States = 28.4%

Central = 25.1%

Question : 2

Correlate the following;

List I List II
(Industry) (Field)
A. Basic industry 1. Fertilizer
B. Strategic industry 2. Petroleum
C. Critical industry 3. Automobile
D. Goods based industry 4. Arms and Ammunition
Codes: A B C D

a) 1 4 2 3

b) 4 2 3 1

c) 4 1 2 3

d) 2 4 3 1

Answer: (d)

The correct correlation of industries and their fields are :

  • Basic industry — petroleum
  • Strategic industry — Arms and Ammunition
  • Critical industry — Automobile
  • Goods based industry — Fertilizer

Question : 3

Consider the following statements:

  1. The per capita consumption of plastics in India is the highest in the world.
  2. The petrochemical industry in India gives a big boost to small scale industries.
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Answer: (a)

Per capita consumption of polymers products in the country during 2012-13 was low at just 9.7 kg as compared to 109 kg in the USA, 45 kg in China and 32 kg in Brazil.

Thus India is not the highest consumer. The petrochemical industry in India gives a big boost to the small scale industries is the correct statement.

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