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

Question : 1

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

a) Both I & II

b) Only II

c) Only I

d) None of the above

Question : 2

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.

a) 2 and 3

b) 1, 2 and 3

c) 1 only

d) 1 and 2

Question : 3

Consider the following objectives of the National Manufacturing Policy (NMP) of the Indian Economy?

1. To enable the manufacturing sector to contribute at least 25% of GDP by 2022.
2. To create 500 million additional jobs in the manufacturing sector by 2022.
3. To create the appropriate skill sets among the rural migrant and urban poor for their easy absorption in the manufacturing sector.
4. To allow more Foreign Direct Investment in the Manufacturing sector by 2017?

a) 2 and 3

b) 1 and 3

c) 1, 2, 3 and 4

d) 2 and 4

Question : 4

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

a) March 2009

b) August 2005

c) November 2010

d) February 2007

Question : 5

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

Question : 6

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

a) Only 3

b) Only 1 & 3

c) Only 1

d) 1, 2 & 3