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

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.

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.

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.

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.

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