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

Question : 21

Match the following power with their share of percentage:

a) I – c, II – d, III – a, IV – b

b) I – c, II – d, III – b, IV – a

c) I – a, II – d, III – b, IV – c

d) I – b, II – c, III – d, IV – a

Question : 22

What is a departmental undertaking?

1. They are primarily meant to provide essential services such as railways.
2. They are public enterprises that came into existence by a Special Act of the Parliament.
3. They are companies in which 51% or more of the paid-up capital is held by the central or any state government (partly or wholly by both).
4. They are set up whenever it is felt that certain functions need to be discharged outside the governmental set-up with some amount of independence and flexibility without day-to-day interference from the governmental machinery

a) Only III

b) I & III

c) Only I

d) None of the above

Question : 23

Which one of the following is not a feature of Limited Liability Partnership Firm?

a) Partner and management need not to be separate

b) Internal governance should be decided by mutual agreement among partners

c) Partner should be less than 20

d) It is a corporate body with perpetual succession

Question : 24

The apex organisation of industrial finance in India is—

a) ICICI

b) IDBI

c) IFCI

d) RBI

Question : 25

Why is there a need to always import cotton?

a) Shortage in the home market

b) Obsolete machinery

c) Poor quality in the domestic market

d) Increasing demand