industries manufacturing & service sectors section 10 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11

Which of the following cities is known as the Financial Capital of India?

a) Chennai

b) New Delhi

c) Kolkata

d) Mumbai

Answer: (d)

Mumbai is the financial capital of India. It is one of the world’s top ten centres of commerce in terms of global financial flow generating 5% of India’s GDP and accounting for 25% of industrial output, 70% of maritime trade in India and 70% of capital transactions to India’s economy.

Question : 12

In India ‘Report on Currency and Finance’ is the annual publication of

a) Finance Commission

b) SEBI

c) Finance Ministry

d) RBI

Answer: (d)

In India, ‘Report on Currency and Finance’ is the annual publication of Reserve Bank of India.

The report highlights the evaluation or devaluation of rupee as a currency along with its other aspects and projects the financial condition of the economy.

Question : 13

NASSCOM is the organisation of companies of which sector?

a) Information Technology

b) Media

c) Mobile phone service

d) Automobiles

Answer: (a)

NASSCOM is the organisation of companies of Information technology.

NASSCOM: It is a trade association of the Indian Information Technology and Business process outsourcing Industry.

Question : 14

Which of the following can be termed an infrastructural bottleneck in the development of India’s economy?

a) The federal nature of Indian policy

b) Delay in the administration of justice

c) Existence of a large variety of financial institutions

d) The volatility of the Indian rupee

Answer: (b)

Question : 15

Consider the following statements :

  1. The growth of wireline telephone connections in the last five years is decreasing every year.
  2. The share of private operations in the wireless telephone in India is more than 85%.
Which of the following statements above is/are correct?

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Answer: (a)

The growth of wireline telephone connections in the last five years is decreasing every year due to an increase in mobile connections.

Moreover, the share of private operations in the wireless telephone is more than 85%.

So, both statements are correct.

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