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

Question : 16

As the economy develops, the share of the tertiary sector in the GDP:

a) Increases

b) Decreases

c) Decreases then increases

d) Remains constant

Question : 17

Which statement is correct regarding village industries?

1. The industries established in rural areas having population below 10,000 and having less than ` 15,000 as fixed capital investment per worker will be termed as village industries.
2. KVIC and state village Industries Board provide economic and technical assistance in establishing and operating these industrial units.

a) Only II

b) Only I

c) I & II

d) None of the above

Question : 18

GCIL—an American company of chemical sector has been acquired by—

a) Birla group

b) Reliance group

c) Tata group

d) Shriram group

Question : 19

When was the ‘Policy Package for Setting up Credit to Small and Medium Enterprises’ announced?

a) March 2009

b) August 2005

c) November 2010

d) February 2007

Question : 20

With reference to India, consider the following central acts:

1. Import and Export (control) Act 1947
2. Mining and Mineral Development (Regulation) Act 1957
3. Custom Act 1962
4. Indian Forest Act 1927

a) 2 and 3

b) 1, 2, 3 and 4

c) 1 and 3

d) None of these