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

Question : 1

Match the following power with their share of percentage:

a) I – c, II – d, III – a, IV – b

b) I – c, II – d, III – b, IV – a

c) I – a, II – d, III – b, IV – c

d) I – b, II – c, III – d, IV – a

Question : 2

What is a departmental undertaking?

1. They are primarily meant to provide essential services such as railways.
2. They are public enterprises that came into existence by a Special Act of the Parliament.
3. They are companies in which 51% or more of the paid-up capital is held by the central or any state government (partly or wholly by both).
4. They are set up whenever it is felt that certain functions need to be discharged outside the governmental set-up with some amount of independence and flexibility without day-to-day interference from the governmental machinery

a) Only III

b) I & III

c) Only I

d) None of the above

Question : 3

Which one of the following is not a feature of Limited Liability Partnership Firm?

a) Partner and management need not to be separate

b) Internal governance should be decided by mutual agreement among partners

c) Partner should be less than 20

d) It is a corporate body with perpetual succession

Question : 4

Consider the following statements :

1. Miniratna public sector enterprises can be a joint venture, set subsidiary company or overseas office but with certain conditions.
2. Till now there are less than 50 public sector enterprises that have been given Miniratna status by the Indian government.

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Question : 5

Consider the following statements: Small-scale industries are, in most cases, not as efficient and competitive as large-scale ones. Yet the Government provides preferential treatment and reservations in a range of products to the small firms because small-scale industries

1. provide higher employment on a per-unit capital deployment basis.
2. promote a regional dispersion of industries and economical activities.
3. have performed better in the export of manufactured products than the large scale ones.
4. provide jobs to low-skill workers, who otherwise may not find employment avenues elsewhere.

a) 2 and 3

b) 1 and 2

c) 1 and 4

d) 3 and 4

Question : 6

Identify the correct sequence of the establishment of steel plant in India from the earliest to the latest.

a) Bhilai, Jamshedpur, Vishakhapatnam, Bokaro

b) Bokaro–Jamshedpur, Vishakhapatnam, Bhilai

c) Jamshedpur–Bhilai, Bokaro–Vishakhapatnam

d) Jamshedpur, Bokaro, Bhilai, Vishakhapatnam