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

Question : 1

Which among the following is the most important bulk import of India?

a) Electric Goods

b) Food Grains

c) Nonelectrical machinery

d) Petroleum

Question : 2

Consider the following statements :

1. Packaging machinery industry, like other industrial machinery is allowed for 100%. FDI under automatic approval.
2. Food processing machinery can be classified under the general category of industrial machinery which is de-licensed under the current industrial policy and qualifies for 100% FDI under automatic approval.

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Question : 3

Which statement is correct regarding the disinvestment policy?

1. Citizens have every right to own part of the shares of Public Sector Undertakings.
2. Public Sector Undertakings are the wealth of the Nation and this wealth should rest in the hands of the people.
3. While pursuing disinvestment, Government has to retain majority shareholding, i.e. at least 51% and management control of the Public Sector Undertakings.

a) Only I

b) II & III

c) I & II

d) All the above

Question : 4

Consider the following statements about NLEM :

1. Essential medicines are those that satisfy the priority healthcare needs of the majority of the population.
2. The medicines in National List of Essential Medicines (NLEM) should be available at affordable costs.
3. Currently, there are 376 such medicines NLEM. The government has added medicines for cancer, HIV/AIDS & Hepatitis to the list.

a) 2 and 3

b) 1, 2 and 3 all

c) 1 only

d) 1 and 2

Question : 5

Container Corporation of India Limited (CONCOR), a public sector undertaking is under the administration control of which of the following ministries?

a) Ministry of Railways

b) Heavy Industry

c) Small scale

d) Shipping Road Transport and Highways

Question : 6

What are government-owned companies?

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 II

b) I & III

c) Only III

d) None of the above