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

Answer: (b)

The CRR of Bank in the country in June 2013 was 4%. Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.

Answer: (d)

During the first five-year plan (1950-51 to 1955-56) there were only five CPSEs with a total financial investment (Including equity plus long-term loans) of Rs. 290 million, whereas at present, in 2015, there are as many as 290 CPSEs, wherein, 169 are Holding CPSEs and 121 are the subsidiaries.

As of Mar 31, 2012, the total financial investment of CPSEs was 7,292.3 billion, showing a CAGR of around 12% during the same period.

Answer: (a)

Navratna was the title given originally to 9 Public Sector Enterprises (PSEs) identified by the government in 1997 as public sector companies that have comparative advantages enjoying greater autonomy to compete in the global market so as to support their drive to become global giants.

However, the number of PSEs (Public Sector Enterprises) having Navaratna status is now more than 15 industries.

Answer: (a)

The correct locations of the given companies are :

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

Answer: (d)

1. Hindalco industries : Novelis
2. Tata Steel : Chorus group
3. Jet airways : Air Sahara
4. Kingfisher Airlines: MDR Airlines

Answer: (b)

Maruti views Tata motors as a prominent competitor but does not view Volvo as a competitor.

This type of competition in the market is known as product competition because the companies are competing on the same and similar products.