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) 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
The correct answers to the above question in:
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.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
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 : 2
What does PKI stands for?
a) Public Key Infrastructure
b) Public Key Institute
c) Private Key Infrastructure
d) Primary Key Infrastructure
Answer »Answer: (a)
PKI stands for Public Key Infrastructure. The Reserve Bank of India released a draft report on making payment system effective to secure a safe, secure, efficient, robust and sound payment system in the country.
Question : 3
Who among the following are the beneficiaries of the MAFALDA?
a) Jobless Youth
b) Small and Marginal Farmers
c) Landless Laborers
d) Small Industries
Answer »Answer: (b)
Question : 4
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 : 5
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 : 6
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.
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