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

Answer: (b)

The first newsprint plant was set up in India at Nepanagar in 1948.

Answer: (d)

Answer: (c)

India Infrastructure Finance Company Limited (IIFCL) is a wholly-owned Government of India company set up in 2006 to provide long-term financial assistance to viable infrastructure projects.

The sectors eligible for financial assistance from IIFCL are as per the Harmonized list of Infrastructure Sub-Sectors as approved by the Government. These broadly include transportation, energy, water, sanitation, communication, social and commercial infrastructure.

IIFCL is registered as an "NBFC-ND-IFC"

i.e. Non-Banking Financial Company - Non-Deposit - Infrastructure Finance Company. NBFCs have been classified into 'Deposit' and 'Non-Deposit (ND)' accepting.

NBFCs are also classified as per what kind of activity they conduct and one of the categories is 'Infrastructure Finance Company (IFC)'

Answer: (d)

The main objectives of the establishment of SEZs are:

1. Promotion of exports of goods and services
2. Generation of additional economic activity
3. Promotion of investment from domestic and foreign sources
4. Creation of employment opportunities

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: (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.