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
- 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
The correct answers to the above question in:
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.
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Question : 1
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 »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 : 2
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% |
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 »Answer: (c)
Question : 3
The term “MCA21” is related to which of the following:
a) It is an e-governance project
b) It is a survey done by NSO
c) It is a group of companies registered under SEBI
d) It is a code used in space technologies
Answer »Answer: (a)
MCA21 is an e-Governance initiative of the Ministry of Company Affairs (MCA), Government of India that enables easy and secure access of the MCA services to the corporate entities, professionals and citizens of India.
The core philosophy is to encompass and facilitate stakeholders for access to databases which would be of immense value for business operations.
Question : 4
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 : 5
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 : 6
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 »Answer: (b)
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industries manufacturing & service sectors section 2
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industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
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