industries manufacturing & service sectors section 10 MCQ Questions & Answers Detailed Explanation
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The following question based on Industries, Manufacturing & Service Sectors topic of indian economy mcq
- Citizens have every right to own part of the shares of Public Sector Undertakings.
- Public Sector Undertakings are the wealth of the Nation and this wealth should rest in the hands of the people.
- 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
The correct answers to the above question in:
Answer: (d)
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Question : 1
Which of the following statements in the context of income-environment relationship is /are correct?
- Pollution trends tend to follow an inverse-U shaped relationship across different stages of economic development.
- In the beginning stage, pollution increases due to urbanization and industrialization.
- In the later stage, pollution declines due to structural changes towards services sector.
a) 1, 2 and 3
b) 1 only
c) 1 and 2 only
d) 2 and 3 only
Answer »Answer: (a)
Pollution trends show inverse relationship with economic development. In early stage, pollution increases due to urbanization and industrialization. At last, pollution declines due to structural changes towards service sector.
Question : 2
SEZs were established with the objective of ____ .
- attracting foreign investment directly.
- protect domestic market from competition from multinationals.
- providing more capital to agricultural and allied activities.
a) 3 only
b) 2 only
c) 1 only
d) All of the above
Answer »Answer: (d)
Question : 3
Which of the following pairs are correctly matched?
List I | List II |
(Enterprise) | (Industrial Group) |
A. VSNL | 1. Bharti Group |
B. Mundra SEZ | 2. Adani Group |
C. CMC Ltd. | 3. Tata Group |
D. IPCL | 4. Reliance Group |
a) 1, 2 and 4
b) 1, 2 and 3
c) 3 and 4
d) 2, 3 and 4
Answer »Answer: (d)
The correctly matched pairs are :
- Mundra SEZ — Adani Group,
- CMC Ltd. — Tata Group
- IPCL — Reliance Group.
- However, Bharti is associated with Airtel.
Question : 4
Consider the following statements :
- Packaging machinery industry, like other industrial machinery is allowed for 100%. FDI under automatic approval.
- 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
Answer »Answer: (a)
The packaging machinery industry, like other industrial machinery, is allowed for 100%. FDI under automatic approval
i.e., without prior approval either of the government or the Reserve Bank of India.
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.
Question : 5
Which among the following is the most important bulk import of India?
a) Electric Goods
b) Food Grains
c) Nonelectrical machinery
d) Petroleum
Answer »Answer: (d)
Question : 6
Consider the following statements :
- The USSR assisted in building of Bhilai Steel Plant.
- The British assisted in the building of the Bokaro Steel Plant.
a) 1 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (c)
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.
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industries manufacturing & service sectors section 10
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