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

Answer: (d)

The Export Promotion Capital Goods (EPCG) scheme was one of the several export promotion initiatives launched by the government in the early ‘90s.

The basic purpose of the scheme was to allow exporters to import machinery and equipment at affordable prices so that they can produce quality products for the export market.

Answer: (a)

“Udyog Bandhu” is an organization of the State Government of Uttar Pradesh. It assists industrial units in solving time bound establishment and investment related problems relating to existing and up-coming industries as well.

Answer: (c)

Government-owned or controlled companies refer to 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).

It is registered under the Indian Companies Act and is fully governed by the provisions of this Act.

Answer: (b)

Answer: (b)

IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India.

It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. IDBI is one of the leading government banks in India.

Answer: (a)

The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP which may be of tangible or intangible nature or both tangible and intangible in nature.

No partner would be liable on account of the independent or unauthorised actions of other partners or their misconduct.

The liabilities of the LLP and partners who are found to have acted with intent to defraud creditors or for any fraudulent purpose shall be unlimited for all or any of the debts or other liabilities of the LLP.