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
- Generation of additional economic activity
- Promotion of investment from foreign sources
- Creation of employment opportunities
(a) (i) & (iii) only
(b) (iii) only
(c) (i) only
(d) All of the above
The correct answers to the above question in:
Answer: (d)
The main objectives of the establishment of SEZs are:
- Promotion of exports of goods and services
- Generation of additional economic activity
- Promotion of investment from domestic and foreign sources
- Creation of employment opportunities
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Question : 1
Which unit of the Hindustan Copper Lt(d) is the first copper smelting unit in India?
a) Indian Copper Complex (Jharkhand)
b) Malanjkhand Copper Project (MP)
c) Tajola Copper Project (Maharashtra)
d) Khetri Copper Complex (Rajasthan)
Answer »Answer: (b)
Malanjkhand Copper Project was established in 1982.
The initial project has been set up by Hindustan Copper Ltd to exploit the copper ore through an open-pit mine.
Question : 2
Consider the following statements :
- The first news print plant was set up in India at Nepanagar.
- The first modern steel plant in India was set up at Bhadrawati.
a) Both 1 and 2
b) 1 only
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (b)
The first newsprint plant was set up in India at Nepanagar in 1948.
Question : 3
Consider the following statements: Small-scale industries are in most cases, not as efficient and competitive as the large-scale ones. Yet the government provides preferential treatment and reservations in a range of products to the small firms because of small-scale industries.
- provide higher employment on a per-unit capital development basis.
- promote a regional dispersion of industries and economic activities.
- have performed better in export on manufactured products than the large scale ones.
- provide jobs to low-skill workers, who otherwise may not find employment revenues elsewhere.
a) 2 and 3
b) 1 and 2
c) 1 and 4
d) 3 and 4
Answer »Answer: (d)
Question : 4
Which of the following sectors have the highest allocation in “National Infrastructure Pipeline” (NIP)?
a) Energy
b) Rail
c) Road
d) Urban
Answer »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.
Question : 5
The balance of payments of a country is a systematic record of
a) good exported from a country during a year
b) capital movements from one country to another.
c) all import and export transactions of a country during a given period of time, normally a year
d) economic transaction between the government of one country to another
Answer »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.
Question : 6
What are autonomous bodies?
- They are primarily meant to provide essential services such as railways.
- They are public enterprises that came into existence by a Special Act of the Parliament.
- They are companies in which 51% or more of the paid-up capital is held by the central or any state government (partly or wholly by both).
- They 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
a) Only II
b) I & III
c) Only IV
d) None of the above
Answer »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.
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industries manufacturing & service sectors section 2
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industries manufacturing & service sectors section 10
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