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) Airtel - Bharati Mittal
(b) Reliance - Mukesh Ambani
(c) Wipro - R. Krishnamurthy
(d) Nano Car - Ratan Tata
The correct answers to the above question in:
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.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
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.
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 : 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
Answer »Answer: (a)
Open access is the non-discriminatory use of transmission and distribution infrastructure of the licensees by consumers with demand greater than or equal to 1MW for procuring electricity from the source of their choice.
Question : 3
The slack season in the Indian economy is
a) Jan-June
b) Feb-April
c) Mar-April
d) Sept-Dec
Answer »Answer: (a)
The slack season in the Indian economy is Jan- June.
Question : 4
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 : 5
SDR called as paper gold is associated with
a) WTO
b) IMF
c) UNCTAD
d) World Bank
Answer »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.
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
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.
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