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
(a) Rs. 7000 crore
(b) Rs. 2000 crore
(c) Rs. 5000 crore
(d) Rs. 10000 crore
The correct answers to the above question in:
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.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
RBI’s first census of India’s foreign Assets & Liability as on 30 June 1948 revealed total foreign business investments of Rs. 302 cr, out of it what was the % of British investments in India?
a) 72 %
b) 51 %
c) 91 %
d) 60 %
Answer »Answer: (a)
Question : 2
A Miniratna–Category–1 status holding public sector company in India can incur expenditure on modernization, new projects as well as equipment purchase without the approval of the government, up to:
a) Rs.2000 crores
b) Rs.500 crores
c) Rs.1000 crores
d) Rs.1500 crores
Answer »Answer: (b)
A Miniratna company is one that has made profits continuously for the last three years or earned a net profit of Rs. 30 crores or more in one of the three years.
Miniratna company can invest up to Rs. 500 crores or equal to their net worth, whichever is lower without govt approval.
Question : 3
The licensing policy for the industries drew strength from:
a) Industrial Policy Resolution, 1956
b) Congress Party Resolution of establishing socialistic pattern of society
c) Industrial Policy Resolution, 1948
d) Industrial Act, 1951
Answer »Answer: (d)
The licensing policy for the industries drew strength from the industrial Act, 1951.
Industries Development and Regulation Act (IDRA), 1951 was enacted in pursuance of the Industrial Policy Resolution, 1948.
The Act was formulated for the purpose of development and regulation of industries in India by the Central Government.
Question : 4
Consider the following statements about Special Drawing Rights (SDR):
- It is an international financing instrument.
- It is created in 2000.
- It is neither paper nor gold but an accounting entry.
- IMF is associated with it.
a) 1 and 3
b) 1, 3 and 4
c) 1 and 2
d) 1, 2 and 3
Answer »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.
Question : 5
What are the points covered in the new telecom policy?
- Rural Tele-density – To improve rural teledensity from the current level of around 39 to 70 by the year 2017 and 100 by the year 2020.
- Broadband – “Broadband For All” at a minimum download speed of 2 Mbps
- Domestic Manufacturing – Making India a global hub
- Convergence of Network, Services and Devices
a) II & III
b) Only II
c) I & II
d) All the above
Answer »Answer: (d)
Question : 6
Consider the following objectives of the National Manufacturing Policy (NMP) of the Indian Economy?
- To enable the manufacturing sector to contribute at least 25% of GDP by 2022.
- To create 500 million additional jobs in the manufacturing sector by 2022.
- To create the appropriate skill sets among the rural migrant and urban poor for their easy absorption in the manufacturing sector.
- 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
Answer »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.
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industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
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