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

Answer: (c)

Autonomous bodies are set up whenever it is felt that certain functions need to be discharged outside the governmental set up with some amount of independence and flexibility without day-to-day interference from the governmental machinery.

Answer: (d)

The Balance of Payments (BoPs) accounts is an accounting record of all monetary transactions between a country and the rest of the world.

These transactions include payment for the country’s exports and imports of goods, services, financial capital and financial transfers.

Answer: (a)

Under National Infrastructure Pipeline (NIP), Government has a plan to spend around Rs. 102 lakh crores in various infrastructure sectors to achieve the $5 Trillion economy by 2024-25. NIP will cover the period from 2019-20 to 2024-25. To draw up the NIP plan, an inter-ministerial Task Force was set up in September 2019 under the chairmanship of Secretary (DEA), Ministry of Finance.

As per the NIP, Central Government (39 per cent) and State Government (39 per cent) are expected to have equal share in funding of the projects followed by the Private Sector (22 per cent). The funds allocated to some major sectors are Energy (24%), Roads (19%), Urban (16%) and Railways (13%) etc.

Answer: (c)

The National Renewal Fund (NRF), was set up in February 1992. It aims to provide a social safety net to protect the workers in industrial enterprises from possible adverse consequences of the new economic policy.

Answer: (b)

Airport Authority of India (AAI) awarded bids for Ahmedabad, Jaipur, Lucknow, Thiruvananthpuram, Mangaluru and Guwahati in Feb 2019 on a per passenger fee basis.

AAI selected Adani Enterprises for all the six airports as Adani quoted the highest bid (per passenger fee), and now it will have to give the fee to AAI on a per passenger basis depending on how many passengers travel through that airport.

Recently, a new airport in the NCR region, “Yamuna International Airport Private Limited (YIAPL)” was bid out on the same model to Zurich International. The company offered Rs. 400.97 per passenger fee to AAI.

Answer: (b)

Miniratna public sector enterprises can be a joint venture, set subsidiary company or overseas office but with certain conditions

i.e., Miniratna-I is up to Rs. 500 crore or equal to their net worth, whichever is lower. Miniratna-II: is up to Rs. 300 crore or up to 50% of their net worth, whichever is lower.

Till now there are more than 50 public sector enterprises that have been given Miniratna status by the Indian government.