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) WTO
(b) IMF
(c) UNCTAD
(d) World Bank
The correct answers to the above question in:
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.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
In the context of the Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
- To enable the Central Bank to control the amount of advances the banks can create
- To make the people’s deposits with banks safe and liquid
- To prevent the commercial banks from making excessive profits
- To force the banks to have sufficient vault cash to meet their day-to-day requirements
a) 2 and 3 only
b) 1 and 2 only
c) 1 only
d) 1, 2, 3 and 4
Answer »Answer: (b)
Because Reserve requirements are designed as “precautionary measures” and not to stop banks from “excessive” profit.
Question : 2
Which one of the following pairs is not properly matched based on Industry and Industrialists?
a) Airtel - Bharati Mittal
b) Reliance - Mukesh Ambani
c) Wipro - R. Krishnamurthy
d) Nano Car - Ratan Tata
Answer »Answer: (c)
- Reliance-Mukesh Ambani,
- Wipro-Azim Premji,
- Airtel- Sunil Bharati Mittal and
- Nano Car-Ratan Tata.
Wipro was established by Mohamed Hasham Premji in 1945 as a vegetable manufacturer in Amalner, Maharashtra.
Question : 3
Which of the following commissions / companies of Indian origin signed a pact for obtaining oilblocks in Libya?
a) ONGC
b) Reliance petroleum
c) BPCL
d) Oil India Ltd.
Answer »Answer: (d)
Oil sector majors, ONGC Videsh (OVL) and the Oil India-IndianOil (OIL-IOC) combine have bagged an oil block each in Libya.
This will enhance exploration possibilities for the Indian companies in northern Africa.
Question : 4
In which city the meeting of World Economic Forum (WEF) India – 2013 in Nov. 2013 was held?
a) Bengaluru
b) New Delhi
c) Kochi
d) Mumbai
Answer »Answer: (c)
The meeting of the World Economic Forum (WEF) India-2013 in Nov. 2013 was held in Kochi.
World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.
Question : 5
Which of the following statements are correct regarding Ujjwala Scheme?
- It plans to provide free LPG connections to BPL families
- It provides free/subsidized LPG cylinders to BPL families
- The connections will be issued in the name of the women of the households
a) (i) only
b) (ii) & (iii) only
c) (i) & (iii) only
d) All of the above
Answer »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.
Question : 6
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.
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industries manufacturing & service sectors section 2
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industries manufacturing & service sectors section 4
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industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
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