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

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.

Answer: (a)

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

Answer: (c)

TISCO was founded in 1907 by Dorabji Tata. The Bhilai Steel Plant, located in Bhilai, in the Indian state of Chhattisgarh, was set up with the help of the USSR in 1955. Bokaro Steel Plant is located in the Bokaro district of Jharkhand.

It is the fourth integrated public sector steel plant in India built with Soviet help in 1972. Visakhapatnam Steel Plant, popularly known as Vizag Steel, is the most advanced steel producer in India with the help of German and soviet technology founded in 1974.

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.

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.

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.