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
- It is under Dept. of Economic Affairs, Ministry of Finance
- It is under the Ministry of Corporate Affairs
- It is an executive body established through a government resolution
- It has been established under an Act
(a) (i) & (iii) only
(b) (ii) & (iii) only
(c) (i) & (iv) only
(d) (ii) & (iv) only
The correct answers to the above question in:
Answer: (d)
In exercise of the powers conferred by subsection (i) of section 211 of the Companies Act, 2013, the Central Government established the Serious Fraud Investigation Office (SFIO) on the 21st of July, 2015. Earlier this office was established vide Government of India’s Resolution dated 2nd July 2003.
SFIO is a multi-disciplinary organization under the Ministry of Corporate Affairs, consisting of experts in the field of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation for detecting and prosecuting or recommending for prosecution white-collar crimes/frauds.
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Question : 1
‘Udyog Bandhu’ is a/an ?
a) Organisation to assist industrial units in solving time bound establishment and related problems
b) labour supplying agency
c) agency for financing industrial development
d) sick industry rehabilitation agency
Answer »Answer: (a)
“Udyog Bandhu” is an organization of the State Government of Uttar Pradesh. It assists industrial units in solving time bound establishment and related problems relating to existing and up-coming industries as well.
Question : 2
Which one of the following indusrial policies has abolished (with a few exception) the industrial licensing?
a) Industrial Policy 1980
b) Industrial Policy 1991
c) Industrial Policy 1970
d) Industrial Policy 1995
Answer »Answer: (b)
Economic liberalisation in India started with substantial changes in Industrial licensing policy.
The LPG Model ( Liberalisation, privatisation & Globalisation) was introduced by Dr Manmohan Singh in 1991 as India was facing problems of depleting Reserves.
Under liberalization, the Industrial licensing policy was changed and under the new licensing policy the private players can set up their industrial units without obtaining a license from the government and thus private investment in India increased drastically.
Question : 3
Which statement is correct regarding the iron and steel industry?
- Large scale iron and steel production was started in 1907 by TISCO established at Jamshedpur.
- In 1919, the Indian Iron and Steel Company (IISCO) was established at Burnpur. Both TISCO and IISCO are private sector companies.
- The first public sector company was ‘Vishwashwaraiya Iron and Steel Works at Bhadravati’.
a) II & III
b) Only II
c) I & II
d) All the above
Answer »Answer: (d)
Large scale iron and steel production was started in 1907 by TISCO established at Jamshedpur. In 1919, the Indian Iron and Steel Company (IISCO) was established at Burnpur. Both TISCO and IISCO are private sector companies.
The first public sector company was ‘Vishwashwaraiya Iron and Steel Works at Bhadravati’.
Question : 4
Which Indian Company has been included for the first time in U.S. A’s index NASDAQ-100?
a) ICICI Bank
b) Infosys
c) Tata Motors
d) Videsh Sanchar Nigam Limited
Answer »Answer: (b)
Software major Infosys Technologies is included in the coveted Nasdaq100 Index.
This is the first time that an Indian company has found a place in a stock index outside the country.
Question : 5
Consider the following statements according to Micro, Small and Medium Enterprises Development (MSMED) Act 2006 of Indian Economy.
- The Micro Enterprises are those whose capital asset is less than 25 lakh.
- Small Enterprises are those industries whose capital asset is from 10 lakh to 5 crores.
- The capital asset including machinery of more than 5 crores is known as Medium Enterprises.
a) 1 and 3
b) 2 and 3
c) 1 only
d) 1, 2 and 3
Answer »Answer: (c)
A microenterprise is an enterprise where investment in plant and machinery does not exceed RS. 25 lakh.
A small enterprise is an enterprise where the investment in plant and machinery is more than RS. 25 lakh but does not exceed RS. 5 crore, and A medium enterprise is an enterprise where the investment in plant and machinery is more than RS. 5 crore but does not exceed RS. 10 crore.
Question : 6
Which Indian Company has been included for the first time in U.S. A’s index NASDAQ-100?
a) ICICI Bank
b) Infosys
c) Videsh Sanchar Nigam Limited
d) Tata Motors
Answer »Answer: (b)
Software major Infosys Technologies is included in the coveted Nasdaq-100 Index.
This is the first time that an Indian company has found a place in a stock index outside the country.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
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industries manufacturing & service sectors section 2
industries manufacturing & service sectors section 3
industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
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