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
(a) Raw materials
(b) Finances
(c) Marketing
(d) Strikes and lockouts
The correct answers to the above question in:
Answer: (d)
Major problems faced by the small scale industries are:
- Finance,
- Raw Material,
- Idle Capacity,
- Technology,
- Marketing,
- Infrastructure,
- Under Utilization of Capacity and
- Project Planning.
Strike and lockouts is not a problem of SSIs.
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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers
Question : 1
Which of the following cities is known as the Financial Capital of India?
a) Chennai
b) New Delhi
c) Kolkata
d) Mumbai
Answer »Answer: (d)
Mumbai is the financial capital of India. It is one of the world’s top ten centres of commerce in terms of global financial flow generating 5% of India’s GDP and accounting for 25% of industrial output, 70% of maritime trade in India and 70% of capital transactions to India’s economy.
Question : 2
In India ‘Report on Currency and Finance’ is the annual publication of
a) Finance Commission
b) SEBI
c) Finance Ministry
d) RBI
Answer »Answer: (d)
In India, ‘Report on Currency and Finance’ is the annual publication of Reserve Bank of India.
The report highlights the evaluation or devaluation of rupee as a currency along with its other aspects and projects the financial condition of the economy.
Question : 3
NASSCOM is the organisation of companies of which sector?
a) Information Technology
b) Media
c) Mobile phone service
d) Automobiles
Answer »Answer: (a)
NASSCOM is the organisation of companies of Information technology.
NASSCOM: It is a trade association of the Indian Information Technology and Business process outsourcing Industry.
Question : 4
Consider the following statements :
- The erratic trend in the production of sugar is mainly due to monsoons.
- The output of sugar is influenced by both cane and Gur prices.
a) Both 1 and 2
b) 1 only
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (a)
The erratic trend in production of sugar is mainly due to monsoons and the output of sugar is influenced by both cane and gur prizes.
Question : 5
Which one of the following is correctly matched based on Industries clusters and Location?
a) Surat - Gems & Jewellery
b) Textiles - Tirupur
c) Marble - Kishangarh
d) All of the above
Answer »Answer: (d)
All the above industrial clusters and the related locations are correctly matched. Tirupur is famous for textiles, Kishangarh is famous for marbles, Surat is famous for Gems and Jewellery.
Question : 6
Which one of the following is not a feature of Limited Liability Partnership Firm?
a) Internal governance should be decided by mutual agreement among partners
b) Partner should be less than 20
c) Partner and management need not to be separate
d) It is a corporate body with perpetual succession
Answer »Answer: (c)
The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP which may be of tangible or intangible nature or both tangible and intangible in nature. No partner would be liable on account of the independent or unauthorised actions of other partners or their misconduct.
The liabilities of the LLP and partners who are found to have acted with intent to defraud creditors or for any fraudulent purpose shall be unlimited for all or any of the debts or other liabilities of the LLP.
GET Industries, Manufacturing & Service Sectors PRACTICE TEST EXERCISES
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industries manufacturing & service sectors section 10
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