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

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: (c)

Cotton Industry in India is the most organized industry which contributes to about 4% of GDP, 14% of manufacturing value and 13.5% to total export earnings.

Answer: (c)

The Planning Commission fixed the baseline of poverty per capita for rural areas using the Tendulkar methodology at Rs. 816 per capita per month and Rs. 1,000 per capita per month in urban areas.

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)

Industrial sickness can be identified by the following symptoms. These symptoms act as leading indicators of sickness, and if immediate remedial actions are not taken, the sickness will grow to the extent that the organization will find its natural death.

Continuous reduction in turnover, Piling up of inventory, Continuous reduction of net profit to sales ratio, Short term borrowings at high interest rate, Continuous cash losses leading to erosion of tangible net worth etc.

However, a decline of market share is not an immediate indicator.

Answer: (a)

The correct locations of the given companies are :

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