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

Question : 1

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.

Question : 2

The term “Open access” in electricity means which of the following:

a) Large consumers have access to the transmission and distribution network to obtain electricity from the suppliers of their choice

b) Any consumer of electricity can also generate electricity from their own resource and can feed on to the distribution network.

c) Large consumers can choose the distribution company of their choice

d) Distribution companies can choose from which of the power producers they want to purchase power without government interference

Question : 3

The slack season in the Indian economy is

a) Jan-June

b) Feb-April

c) Mar-April

d) Sept-Dec

Question : 4

In the context of the Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?

1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. 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

Question : 5

SDR called as paper gold is associated with

a) WTO

b) IMF

c) UNCTAD

d) World Bank

Question : 6

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