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 : NASSCOM is the organisation of companies of which sector?

(a) Information Technology

(b) Media

(c) Mobile phone service

(d) Automobiles

The correct answers to the above question in:

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.

Practice Industries, Manufacturing & Service Sectors (industries manufacturing & service sectors section 10) Online Quiz

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

Question : 1

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 : 2

Consider the following statements :

  1. The growth of wireline telephone connections in the last five years is decreasing every year.
  2. The share of private operations in the wireless telephone in India is more than 85%.
Which of the following statements above is/are correct?

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Answer: (a)

The growth of wireline telephone connections in the last five years is decreasing every year due to an increase in mobile connections.

Moreover, the share of private operations in the wireless telephone is more than 85%.

So, both statements are correct.

Question : 3

Which among the following sectors contributes maximum excise revenue to Indian exchequer?

a) Oil and gas

b) Aviation

c) Agriculture

d) Steel industry

Answer: (a)

Oil and gas industry is the largest contributor to excise revenues in India followed by steel industry.

Question : 4

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 : 5

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

a) Chennai

b) New Delhi

c) Kolkata

d) Mumbai

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 : 6

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.

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