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
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industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
Question : 31
Consider the following aims of the National Manufacturing Policy (NMP) of the Indian economy.
- National Investment and Manufacturing Zones (NIMZs) will be established on lands that are degraded and uncultivable.
- NIMZs (National Investment and Manufacturing Zones) are integrated industrial townships with world-class physical and social infrastructure.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
National Investment and manufacturing zones are degraded and uncultivable.
National Investment and Manufacturing Zones (NIMZs) are greenfields integrated Industrial Townships with state-of-the-art infrastructure and the land use is on the basis of zoning clean and energy-efficient technology and requisite social infrastructure.
Question : 32
Match the following investment requirements under the Service Enterprises category:
Column I | Column II |
I. Micro Enterprise | a. 2 crores to upto 5 crores |
II. Small Enterprise | b. 10 lakh to upto 2 crores |
III. Medium Enterprise | c. Upto 10 lakh |
a) I – c, II – a, III – b
b) I – b, II – c, III – a
c) I – c, II – b, III – a
d) I – a, II – b, III – c
Answer »Answer: (c)
Micro Enterprises investment includes companies with investment up to Rs 10 lakh.
Small Enterprises need an investment above 10 lakh and up to 2 crores.
Medium Enterprises are those enterprises that have an investment above 2 crores and up to 5 crores.
Question : 33
Which country became a member of European Union on 1st July 2013?
a) Croatia
b) Bulgaria
c) Serbia
d) Romania
Answer »Answer: (a)
Croatia applied for EU membership in 2003 and was in negotiations from 2005 until 2011. On 9 December 2011 leaders from the EU and Croatia signed the accession treaty.
The country became the 28th EU member country on 1 July 2013.
Question : 34
Where is the headquarter of WTO located?
a) Washington
b) Rome
c) New York
d) Geneva
Answer »Answer: (d)
The World Trade Organization (WTO) is an organization that supervises and liberalizes international trade.
It officially commenced on 1 January 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT) The headquarter of World Trade Organization (WTO) is located in Geneva.
Question : 35
Which of the following has been granted infrastructure status?
- Multi-modal logistics park
- Cold Chain
- Affordable Housing
- Soil-testing laboratories
a) & (ii) only
b) & (iv) only
c) (i), (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
Granting of infrastructure status enable the sectors to avail infrastructure lending at easier terms with enhanced limits, access to a larger volume of funds as External Commercial Borrowings (ECB) and access to longer tenure funds from insurance companies
IMPORTANT indian economy mcq EXERCISES
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500+ Industry & Manufacturing Sectors GK Online MCQ Quiz »
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Top Indian Manufacturing Industries GK MCQ Quiz For UPSC »
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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
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» Banking, Security Market & Insurance
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