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

Answer: (c)

Micro Enterprises are those enterprises that have investments of up to Rs 25 lakh.

Small Enterprises are those enterprises with investments above 25 lakh and up to 5 crores.

Medium Enterprises are those enterprises that have investments above Rs 5 crores and up to Rs 10 crores.

Answer: (c)

The correct locations of the given companies are :

1. BALCO — Korba
2. HINDALCO — Renukoot
3. Indian Aluminium Company — Hirakund
4. NALCO — Koraput

Answer: (a)

Answer: (a)

In public sector of India, there are basic and heavy industries. Employees and their jobs are secured in public sector industries.

However, all the public sector companies are not profit-oriented. Some of them have been established keeping in mind no profit no loss basis for the welfare of the society.

Answer: (d)

The largest highway construction programme was launched under the "National Highway Development Programme (NHDP)" in 1998 by the then Prime Minister Atal Bihari Vajpayee. NHDP spread across phase - I to phase - VII and had an aggregate length of 55,792 Kms. A large part has been completed and the rest will be subsumed under

Bharatmala Pariyojana. Bharatmala Pariyojana is a new umbrella program for the highways sector that focuses on optimizing the efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps through effective interventions like:

1. Development of Economic Corridors
2. Inter Corridors and Feeder Routes
3. National Corridor Efficiency Improvement
4. Border and International connectivity roads
5. Coastal and Port connectivity roads
6. Green-field expressways

A total of around 24,800 km are being considered in Phase I. In addition, Phase I also includes 10,000 km of balance road works under NHDP. The estimated outlay for Phase I is

Rs 5,35,000 crores spread over 5 years. The objective of the program is optimal resource allocation for a holistic highway development/improvement initiative.

The project will be implemented through the National Highway Authority of India, National Highways and Infrastructure Development Corporation Limited (NHIDCL), Ministry of Road, Transport and Highways and State PWDs.

Answer: (b)

Competition is the best means of ensuring that the ‘Common Man’ has access to the broadest range of goods and services at the most competitive prices.

With increased competition, producers will have maximum incentive to innovate and specialise. This would result in reduced costs and wider choices for consumers.

Thus the CCI restricts Monopoly and increases competition.