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
- 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
- In 2015, there are as many as 290 CPSEs, wherein, 169 are Holding CPSEs and 121 are 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.
(a) Only III
(b) Only I
(c) I & II
(d) All the above
The correct answers to the above question in:
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.
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Question : 1
Consider the following statements about the Navaratna status industries.
- Navaratna was originally assigned to nine public sector enterprises in 1997.
- The number of PSEs (Public Sector Enterprises) having Navaratna status is now more than 15 industries.
a) Both 1 and 2
b) 2 only
c) 1 only
d) Neither 1 nor 2
Answer »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.
Question : 2
Match the following according to the contribution of cotton industries in different sectors:
Column I | Column II |
I. GDP | a. 13.5 % |
II. Manufacturing Value | b. 4 % |
III. Export earning | c. 14 % |
a) I – b, II – a, III - c
b) I – a, II – c, III - b
c) I – b, II – c, III - a
d) I – c, II – b, III - a
Answer »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.
Question : 3
The Planning Commission fixed the baseline of poverty per capita per month in city areas to
a) Rs. 830
b) Rs. 550
c) Rs. 1000
d) Rs. 780
Answer »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.
Question : 4
In June 2013 the CRR of Bank in the country was
a) 12%
b) 4%
c) 16%
d) 8%
Answer »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.
Question : 5
Which one of the following is not an immediate indicator of Industrial Sickness?
a) Shrinking of market credit
b) Drop in profitability
c) Labour unrest
d) Decline in market share
Answer »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.
Question : 6
Match the given companies with their locations and select the correct answer by using the codes given below:
List I | List II |
(Company) | (Location) |
A. Balco | 1. Hirakund |
B. Hindalco | 2. Korba |
C. Indian Aluminium company | 3. Koraput |
D. Nalco | 4. Renukoot |
a) 2 4 1 3
b) 3 4 1 2
c) 3 1 4 2
d) 2 1 4 3
Answer »Answer: (a)
The correct locations of the given companies are :
- BALCO — Korba
- HINDALCO — Renukoot
- Indian Aluminium Company — Hirakund
- NALCO — Koraput
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