industries manufacturing & service sectors section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (d)

Indian Oil Corporation is one of the seven Maharatna status companies of India.

Maharatna PSU has an investment ceiling from Rs 1,000 to Rs. 5,000 crores and can invest up to 15% of their net worth in a project.

AAI is a mini Ratna The Navaratna companies could invest up to Rs. 1,000 crores without explicit government approval.

Answer: (d)

Share of Gold imports in total merchandise imports is around 6.4%.

Share of POL imports in total merchandise imports is round 26%.

But both shares have fluctuated.

Answer: (b)

Durgapur Steel Plant, SAIL, was set up with the British collaboration in the late fifties with an initial capacity of one million tonnes of crude steel per annum.

Answer: (b)

All comes under the category of Maharatna.

Answer: (a)

During the last decade, the tertiary sector has shown remarkable expansion.

In the last decade, India has expanded maximum in providing services like IT, Telecommunication, Healthcare, Tourism which is contributing around 60% to GDP.

Primary Sectors - Primary activities are those which are based on natural resources. It is called the Agriculture sector. Examples - Types of crops, livestock rearing dairy farming, fishing.

Secondary Sectors - Secondary sector follows primary activities in which the natural products are changed to manufacture. It is called the Industrial sector.

Tertiary Sectors - Activities that assist the development of primary and secondary sectors are carried out. Generally, services are involved like doctors, teachers, lawyers, administrators. New services like IT, software company etc. have become important Tertiary activities.