industries manufacturing & service sectors section 9 MCQ Questions & Answers Detailed Explanation

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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq

Questions : 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 %
Codes: I II III

(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

The correct answers to the above question in:

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.

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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers

Question : 1

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: (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 : 2

Disinvestment is :

a) Off-loading of government shares to private companies.

b) Increase in investment.

c) Offloading of shares of private companies to government.

d) Closing down of business concerns.

Answer: (a)

Disinvestment is a process in which off-loading of government shares is done to private companies. A company or government organization will divest an asset or subsidiary as a strategic move for the company, planning to put the proceeds from the divestiture to better use that garners a higher return on investment.

Question : 3

Who among the following heads the Genetic Engineering Approvals Committee (GEAC) in India?

a) Minister of Science and Technology

b) None of them

c) Minister of Environment & Forests

d) Minister of Agriculture

Answer: (b)

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