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 : When was the “Package for Promotion of Micro and Small Enterprises” announced?

(a) March 2009

(b) August 2005

(c) November 2010

(d) February 2007

The correct answers to the above question in:

Answer: (d)

In February 2007, a “Package for Promotion of Micro and Small Enterprises” was announced.

This includes measures addressing concerns of credit, fiscal support, cluster-based development, infrastructure, technology, and marketing.

Capacity building of MSME Associations and support to women entrepreneurs are the other important attributes of this package.

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

Question : 1

The ministry level conference of World Trade Organisation in Dec. 2013 was held in which country?

a) S. Africa

b) Indonesia

c) Singapore

d) Canada

Answer: (b)

The topmost decision-making body of the WTO is the Ministerial Conference, which usually meets every two years. It brings together all members of the WTO.

The Ministerial Conference can take decisions on all matters under any of the multilateral trade agreements.

The minister-level conference of the World Trade Organization in Dec. 2013 was held in Indonesia.

Question : 2

Consider the statements:

  1. Small industrial units employ wage-earning labour and production is done by the use of modern techniques.
  2. Capital investment is also present in small industries
Which among the above statement is correct regarding small industries?

a) Both I & II

b) Only II

c) Only I

d) None of the above

Answer: (a)

Small industrial units employ wage-earning labour and production is done by the use of modern techniques.

Capital investment is also present in small industries.

Question : 3

Consider the following statements:

  1. Bombay Stock Exchange (BSE) launched BSE Carbonex.
  2. Carbonex is the first carbon-based thematic index of India.
  3. Bombay Stock Exchange (BSE) has launched Islamic Equity Index.
Which of the above is/are correct?

a) 2 and 3

b) 1, 2 and 3

c) 1 only

d) 1 and 2

Answer: (b)

The BSE and S&P Dow Jones Indices have launched an Islamic Equity Index — S&P BSE 500 Shariah Index. — comprising, the largest 500 companies in the Indian index. 

BSE launched BSE Carbonex, the first carbon-based thematic index in the country, which takes a strategic view of organisational commitment to climate change mitigation.

Question : 4

Which sentence is correct regarding Power?

  1. A major initiative to expedite power generation has been the development of coal-based Ultra Mega Power Projects (UMPP) each with a capacity of 4000 MW or above.
  2. Nine sites have been identified including four pithead sites (Chhattisgarh, Jharkhand, Madhya Pradesh and Odisha) and five coastal sites (Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu).
  3. The pithead units will get coal from captive mines while the coastal plants will import coal.

a) Only III

b) II & III

c) I & II

d) All the above

Answer: (d)

A major initiative to expedite power generation has been the development of coal-based Ultra Mega Power Projects (UMPP) each with a capacity of 4000 MW or above.

Nine sites have been identified including four pithead sites (Chhattisgarh, Jharkhand, Madhya Pradesh and Odisha) and five coastal sites (Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu).

The pithead units will get coal from captive mines while the coastal plants will import coal.

Question : 5

India has a high export earning from Diamonds. In this context, consider the following:

  1. High Diamonds Stocks
  2. Large Production of Industrial Diamonds
  3. Availability of experts on cutting and polishing
Which among the above is/ are most appropriate reason/ reasons behind the above fact?

a) Only 3

b) Only 1 & 3

c) Only 1

d) 1, 2 & 3

Answer: (a)

Question : 6

Match the given companies with their locations and select the correct answer by using the codes given below:

List I List II
(Company) (Location)
A. BALCO 1. Hirakund
B. HINDALCO 2. Korba
C. Indian Aluminium company 3. Koraput
D. NALCO 4. Renukoot
Codes: A B C D

a) 3 4 1 2

b) 3 1 4 2

c) 2 4 1 3

d) 2 1 4 3

Answer: (c)

The correct locations of the given companies are :

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

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