industries manufacturing & service sectors section 10 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 a non-Government company
- It is an NBFC registered with RBI
(a) (i) only
(b) Both (i) & (ii)
(c) (ii) only
(d) Neither (i) nor (ii)
The correct answers to the above question in:
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)'
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Question : 1
The term "roll-on roll-off" recently in the news is related to which of the following:
a) Transportation of vehicles through ships
b) Railway engines and wagons
c) Connecting two ports through dedicated shipping channel
d) Dedicated freight corridors
Answer »Answer: (a)
Roll-on roll-off (ro-ro is an acronym for roll-on roll-off) ships are vessels designed to carry wheeled cargo such as cars, trucks, trailers that are driven on and off the ship on their own wheels or using a platform vehicle.
(Earlier wheeled vehicles were carried as cargo on oceangoing ships and were treated like any other cargo. Automobiles had their fuel tank emptied and their batteries disconnected before being hoisted onto the ship which was a difficult and tedious process and vehicles were subject to damage and could not be used for routine/daily travel.)
On 23rd Oct 2017, Prime Minister inaugurated the first phase of the roll-on roll-off ferry service (for conveying passenger and goods both) connecting Saurashtra with South Gujarat.
Question : 2
Which sentences are correct regarding export in India?
- 45%-50% of the Indian Exports is contributed by SSI Sector.
- Direct exports from the SSI Sector account for nearly 45% of total exports.
- Besides direct exports, it is estimated that smallscale industrial units contribute around 15% to exports indirectly.
a) Only II
b) I & III
c) I & II
d) All the above
Answer »Answer: (b)
45%-50% of the Indian Exports is contributed by SSI Sector. Direct exports from the SSI Sector account for nearly 35% of total exports.
Besides direct exports, it is estimated that small-scale industrial units contribute around 15% to exports indirectly.
Question : 3
The term ‘Rent seeking’ refers to which of the following?
a) Excessive rent collected by the owners because of rise in demand
b) Higher prices collected by business entities by forming cartels
c) Practise of manipulating public policy as a strategy to increase profits
d) Manipulating profits by inflating costs
Answer »Answer: (c)
Rent-seeking means engaging in or involving in the manipulation of public policy or economic conditions as a strategy for increasing profits.
For example, lobbying for government contracts by changing the terms and conditions of the bidding contract.
Question : 4
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 : 5
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.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
industries manufacturing & service sectors section 1
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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