industries manufacturing & service sectors section 10 MCQ Questions & Answers Detailed Explanation

MOST IMPORTANT indian economy mcq - 10 EXERCISES

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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq

Questions : Which of the following cities is known as the Financial Capital of India?

(a) Chennai

(b) New Delhi

(c) Kolkata

(d) Mumbai

The correct answers to the above question in:

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.

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Read more industries manufacturing service sectors Based Indian Economy Questions and Answers

Question : 1

In India ‘Report on Currency and Finance’ is the annual publication of

a) Finance Commission

b) SEBI

c) Finance Ministry

d) RBI

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 : 2

NASSCOM is the organisation of companies of which sector?

a) Information Technology

b) Media

c) Mobile phone service

d) Automobiles

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 : 3

Which of the following can be termed an infrastructural bottleneck in the development of India’s economy?

a) The federal nature of Indian policy

b) Delay in the administration of justice

c) Existence of a large variety of financial institutions

d) The volatility of the Indian rupee

Answer: (b)

Question : 4

Which one of the following is not the problem of Small Scale Industries (SSIs)?

a) Raw materials

b) Finances

c) Marketing

d) Strikes and lockouts

Answer: (d)

Major problems faced by the small scale industries are:

  1. Finance,
  2. Raw Material,
  3. Idle Capacity,
  4. Technology,
  5. Marketing,
  6. Infrastructure,
  7. Under Utilization of Capacity and
  8. Project Planning.

Strike and lockouts is not a problem of SSIs.

Question : 5

Consider the following statements :

  1. The erratic trend in the production of sugar is mainly due to monsoons.
  2. The output of sugar is influenced by both cane and Gur prices.
Which of the statements given above is/are correct?

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

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 : 6

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: (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.

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