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
(a) Minister of Science and Technology
(b) None of them
(c) Minister of Environment & Forests
(d) Minister of Agriculture
The correct answers to the above question in:
Answer: (b)
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Question : 1
Consider the following statements :
- The first news print plant was set up in India at Nepanagar.
- The first modern steel plant in India was set up at Bhadrawati.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (c)
The first newsprint plant was set up in India at Nepanagar in 1948. The first modern steel plant TISCO was founded in 1907 by Dorabji Tata in Jamshedpur.
Question : 2
Consider the following statements :
- The first modern steel producing unit was established at Kulti (W. Bengal) in 1874.
- Bhilai steel plant was established during the second Five Year Plan.
- Rourkela steel plant was established with the collaboration of west Germany.
- Bokaro steel plant was established during the Third Five Year Plan.
a) 1, 3 and 4
b) 1, 2 and 3
c) 2, 3 and 4
d) 1, 2, 3 and 4
Answer »Answer: (d)
The first notable attempt in the steel industry in India was made in 1874 when the Bengal Iron Works (BIW) came into being at Kulti, near Asansol in West Bengal.
The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh was set up with the help of the USSR in 1955.
SAIL Rourkela Steel Plant (RSP), located in Rourkela, Odisha is the first integrated steel plant in the public sector in India, was set up with German collaboration with an installed capacity of 1 million tonnes in the 60s.
Bokaro Steel Plant is located in the Bokaro district of Jharkhand. It is the fourth integrated public sector steel plant in India built with Soviet help in 1972.
Question : 3
With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements?
- The assets in the National Investment Fund are managed by the Union Ministry of Finance.
- The National Investment Fund is to be maintained within the Consolidated Fund of India.
- Certain Asset Management companies are appointed as fund managers.
- A certain proportion of annual income is used for financing select social sectors.
a) 3 and 4
b) 2 only
c) 1 and 2
d) 3 only
Answer »Answer: (a)
On 27 January 2005, the Government had decided to constitute a ‘National Investment Fund’ (NIF) into which realization from the sale of minority shareholding of the Government in CPSEs would be channelised.
This fund is managed by professionals and a part of it is used for use in the social sector – like education, health care and employment.
Question : 4
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 »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 : 5
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 : 6
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.
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