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

Question : 1

Why is there a need to always import cotton?

a) Shortage in the home market

b) Obsolete machinery

c) Poor quality in the domestic market

d) Increasing demand

Question : 2

Consider the following statements about Tata steel:

1. It is Asia’s first privately own integrated iron and steel plant.
2. It is the first company outside Japan to get the Deming application prize in 2008 for excellence in total quality management
3. Immediately after the enactment of the Provident Fund Law in India, Tata steel introduced a provident fund for its employees.
4. It is the first company in the world to get social accountability 8000 certifications from the social accountability international from the USA.

a) 1, 2 and 3

b) 3 and 4

c) 2 and 3

d) 1, 2, 3 and 4

Question : 3

Which of the following is related to the EPCG scheme of central government ?

a) Communication

b) Foreign Investment

c) Banking

d) Foreign Trade

Question : 4

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 : 5

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 : 6

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