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 : Consider the following statements :
  1. The first modern steel producing unit was established at Kulti (W. Bengal) in 1874.
  2. Bhilai steel plant was established during the second Five Year Plan.
  3. Rourkela steel plant was established with the collaboration of west Germany.
  4. Bokaro steel plant was established during the Third Five Year Plan.
Which of the statements are correct?

(a) 1, 3 and 4

(b) 1, 2 and 3

(c) 2, 3 and 4

(d) 1, 2, 3 and 4

The correct answers to the above question in:

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.

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

Question : 1

With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements?

  1. The assets in the National Investment Fund are managed by the Union Ministry of Finance.
  2. The National Investment Fund is to be maintained within the Consolidated Fund of India.
  3. Certain Asset Management companies are appointed as fund managers.
  4. A certain proportion of annual income is used for financing select social sectors.
Which of the statements given above is/are correct?

a) 3 and 4

b) 2 only

c) 1 and 2

d) 3 only

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 : 2

The BPL formula was suggested for the evaluation of poverty in the chairmanship of

a) Rangarajan

b) Suresh Tendulkar

c) Kaushik

d) Govind Acharya

Answer: (b)

Prof. Tendulkar’s pioneering contribution was his extensive work on poverty and the estimation of people below the poverty line (BPL).

A committee was formed by the government of India in 2009, with Tendulkar as Chairman to 'report on methodology of estimation of poverty'.

In 2009, this committee came out with a new method to calculate poverty.

Question : 3

Match the following products with the percentage of CPSE control over them:

Column I Column II
I. Coal a. 70%
II. Crude Oil b. 55%
III. Refineries c. 80%
Codes: I II III

a) I – c, II – b, III – a

b) I – a, II – c, III – b

c) I – c, II – a, III – b

d) I – b, II – a, III – c

Answer: (c)

Question : 4

Consider the following statements :

  1. The first news print plant was set up in India at Nepanagar.
  2. The first modern steel plant in India was set up at Bhadrawati.
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

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 : 5

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)

Question : 6

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.

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