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

Answer: (b)

SDR (Special Drawing Rights) is an international financing instrument created in 1970 by the International Monetary Fund (IMF).

It is also called paper gold, an SDR is neither paper nor gold but an accounting entry.

It is not backed by any currency or precious metal and is used only among governments and IMF for the balance of payments settlements.

Answer: (c)

The government has relaxed norms for giving Maharatna status to public sector enterprises, a move that will benefit blue-chip companies such as Coal India, GAIL, BHEL and NMDC in their expansion plans.

Only four state-run companies --ONGC, SAIL, IOC and NTPC -- at present enjoy the Maharatna status, which gives them the financial and managerial autonomy to invest up to Rs. 5,000 crore in a new venture without seeking government approval.

Under the new norms, a company qualifying for the Maharatna status should have an average annual turnover of Rs. 20,000 crore during the last three years against Rs. 25,000 crore prescribed earlier.

Further, the criteria on average annual net worth have been relaxed to Rs. 10,000 crore from the earlier limit of 15,000 crores.

Answer: (a)

Answer: (b)

The Government of India has announced a National Manufacturing Policy with the objective of enhancing the share of manufacturing in GDP to 25% within a decade and creating 100 million jobs.

It also seeks to empower rural youth by imparting necessary skill sets to make them employable. Sustainable development is integral to the spirit of the policy and technological value addition in manufacturing has received special focus.

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.

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.