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

Answer: (b)

SDR (Special Drawing Rights) is an international financing instrument created in 1970 by the International Monetary Fund (IMF).

It is also called paper gold, an SDR is neither paper nor gold but an accounting entry. It is not backed by any currency or precious metal and is used only among governments and IMF for the balance of payments settlements.

Answer: (b)

Because Reserve requirements are designed as “precautionary measures” and not to stop banks from “excessive” profit. 

Answer: (c)

1. Reliance-Mukesh Ambani,
2. Wipro-Azim Premji,
3. Airtel- Sunil Bharati Mittal and
4. Nano Car-Ratan Tata.

Wipro was established by Mohamed Hasham Premji in 1945 as a vegetable manufacturer in Amalner, Maharashtra.

Answer: (c)

Pradhan Mantri Ujjwala Yojana (PMUY) is a scheme of the Ministry of Petroleum & Natural Gas for providing LPG connections (and not the cylinder, as cylinders were already subsidized before this scheme) to women from Below Poverty Line (BPL) households.

LPG connection under this Scheme shall be in the name of the women belonging to the BPL family.

The scheme aims to safeguard the health of women & children by providing them with a clean cooking fuel – LPG so that they do not have to compromise their health in smoky kitchens or wander in unsafe areas collecting firewood.

Till now there are more than 8 crore beneficiaries.

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.

Answer: (c)