industries manufacturing & service sectors section 1 Practice Questions Answers Test with Solutions & More Shortcuts
Industries, Manufacturing & Service Sectors PRACTICE TEST [10 - EXERCISES]
industries manufacturing & service sectors section 1
industries manufacturing & service sectors section 2
industries manufacturing & service sectors section 3
industries manufacturing & service sectors section 4
industries manufacturing & service sectors section 5
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industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
Question : 26
The Indian Aviation Report 2014 highlights which one of the following as the main reason for non-competitiveness of Indian aviation sector?
- Lack of infrastructure
- Lack of skill and expertise
- Privatisation
- Over taxation
a) 4 only
b) 1, 2, 3 and 4
c) 1 and 2
d) 1, 2 and 3
Answer »Answer: (a)
Indian Aviation report 2014 released by FICCI and KPMG states that aviation industry is over-taxed in terms of turbine fuel, landing and other airport taxes.
Question : 27
Read the following statements carefully :
- In public sector of India there are basic and heavy industries.
- All industries of public sector are profit oriented.
- Jobs are secured in the industries of public sector.
a) 2 and 3 are true
b) 1 and 2 are true
c) 1 and 3 are true
d) 1, 2 and 3 are true
Answer »Answer: (c)
In the public sector of India, there are basic and heavy industries. Employees and their jobs are secured in public sector industries.
However, all the public sector companies are not profit-oriented. Some of them have been established keeping in mind no profit no loss basis for the welfare of the society.
Question : 28
What are the aspects of Competition Act 2002?
- Prohibition of anti competitive agreements
- Prohibition of abuse of dominance
- Regulation of combination (acquisitions, mergers and amalgamations of certain size
- Establishment of Competition Commission of India (CCI)
a) Only I
b) II & III
c) I & II
d) All the above
Answer »Answer: (d)
The Act mainly covers the following aspects:
- Prohibition of anti-competitive agreements;
- Prohibition of abuse of dominance;
- Regulation of combination (acquisitions, mergers and amalgamations of a certain size);
- Establishment of Competition Commission of India (CCI); and
- Functions and powers of CCI.
Question : 29
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) Both 1 and 2
b) 1 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
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.
Question : 30
Which statement is correct regarding shipping?
- Indian overseas fleet ranks the 17th in the world in terms of tonnage, with 659 ships totalling 77 lakh gross registered tonnage (GRT).
- 102 Indian shipping companies are in operation of which 65 are engaged only in coastal shipping.
- The public sector Shipping Corporation of India (SCI) has a fleet of 112 vessels aggregating three million GRT.
a) II & III
b) Only II
c) I & II
d) All the above
Answer »Answer: (d)
Indian overseas fleet ranks the 17th in the world in terms of tonnage, with 659 ships totalling 77 lakh gross registered tonnage (GRT).
102 Indian shipping companies are in operation of which 65 are engaged only in coastal shipping.
The public sector Shipping Corporation of India (SCI) has a fleet of 112 vessels aggregating three million GRT.
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Industries, Manufacturing & Service Sectors Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
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