industries manufacturing & service sectors section 2 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
industries manufacturing & service sectors section 6
industries manufacturing & service sectors section 7
industries manufacturing & service sectors section 8
industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
Question : 7
Consider the following statements regarding the SFURTI scheme:
- It is implemented by Ministry of MSME
- It promotes cluster-based development
a) (i) only
b) Both (i) & (ii)
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (b)
Ministry of MSME is implementing a ‘Scheme of Fund for Regeneration of Traditional Industries’ (SFURTI) Scheme under which financial support is being provided for setting up of traditional industries clusters viz. Khadi, Coir & Village industries clusters.
The objectives of the SFURTI Scheme are:
- To develop clusters of traditional industries in the country over a period of five years.
- To make traditional industries more competitive, market-driven, productive and profitable.
- To strengthen the local governance system of industry clusters, with the active participation of the local stakeholders, so that they are enabled to develop initiatives.
- To build up innovative and traditional skills, improved technologies, advanced processes, market intelligence and new models of public-private partnerships, so as to gradually replicate similar models of cluster-based regenerated traditional industries.
Question : 8
As per the Coal Mines (Special Provisions) Act 2015, government has allowed:
a) Mining and sale of coal by private companies without end use restriction
b) Captive mining of coal by government and private companies
c) Mining of coal by private companies with end use restriction
d) Government conducting auction to award coal blocks
Answer »Answer: (a)
The Supreme Court of India in September 2014 had cancelled 204 coal mines/blocks allocated to the various Government and Private Companies since 1993 under the provisions of the Coal Mines (Nationalisation) Act, 1973. To bring transparency and accountability and to re-award these cancelled blocks and new blocks, the Coal Mines (Special Provisions) Bill 2015 was passed by the Parliament which was notified as an Act on 30.03.2015.
Enabling (power to enforce a law may be at a later date) provisions had been made in the Coal Mines (Special Provisions) Act, 2015 for allocation of coal mines by way of the auction for the sale of coal by private companies (sale of coal by government companies was already allowed).
Cabinet Committee on Economic Affairs (CCEA) on 20th Feb 2018 decided to open up the coal sector to commercial mining by private entities in a game-changing move that puts an end to state-backed Coal India Ltd’s (CIL) monopoly. Now there will be no end-use restriction or price restriction for the coal that is mined from these blocks.
Under private commercial mining modalities approved by the Cabinet, coal blocks will be allocated by “ascending forward auction” in which the winner will be determined by the price per tonne of coal offered to the state government where the mine is located.
The amount accrued through the bids will be in addition to the royalty that the States get. All the revenue from the sale of these blocks will go into the coffers of the States where they are located.
Question : 9 [CDS-2013-I]
Which of the following occupations are included under secondary sector as per the national income accounts ?
- Manufacturing
- Construction
- Gas and water supply
- Mining and quarrying
a) 1, 2 and 3
b) 1, 2, 3 and 4
c) 1, 2 and 4
d) 3 and 4
Answer »Answer: (a)
Primary sector-Agriculture, forestry fishing, mining and quarrying
Secondary sector- Manufacturing and construction, Gas and water supply
Tertiary sector- trade, transport catering, hotels, community and personnel services, communication etc.
Question : 10
Which one of the following committees recommended the abolition of reservation of items for small scale sector in industry?
a) Abid Hussain Committee
b) Narasimhan Committee
c) Nayak Committee
d) Rakesh Mohan Committee
Answer »Answer: (a)
Abid Hussain committee recommended the abolition of reservation of items for small scale sector in industry.
IMPORTANT indian economy mcq EXERCISES
-
500+ Indian Industries & Service Sectors GK MCQ For IBPS »
-
500+ Industry & Manufacturing Sectors GK Online MCQ Quiz »
-
New 599+ Indian Economy Trade & Commerce GK MCQ Quiz PDF »
-
Top Indian Manufacturing Industries GK MCQ Quiz For UPSC »
-
500+ Industries & Service Sector Question And Answer Test »
-
New 500+ Indian Secondary & Tertiary Sectors GK MCQ Test »
-
500+ Indian Manufacturing & Service Sector GK MCQ For SSC »
-
New 500+ Indian Economy Tertiary Sector GK MCQ Quiz PDF »
-
Top Industry & Manufacturing Sector Questions Answers PDF »
-
Top 1000+ Indian Service Sector GK MCQ Quiz PDF For IBPS »
Industries, Manufacturing & Service Sectors Shortcuts »
Click to Read...industries manufacturing & service sectors section 2 Online Quiz
Click to Start..Industries, Manufacturing & Service Sectors Shortcuts and Techniques with Examples
indian economy MCQ CATEGORIES
-
» Introduction to Indian Economy
-
» Planning, Economic Development & Five year Plans
-
» National Income & Human Development Index
-
» Agriculture Sector, Subsidy and Food Processing
-
» Industries, Manufacturing & Service Sectors
-
» Inclusive growth, Sustainable development and employment
-
» Poverty & Unemployment
-
» Introduction to Micro Economics
-
» Introduction to Macro Economics
-
» Macro fundamentals, GDP, Investment, Growth
-
» Demand & Supply, Profit Loss, Inflation & Price Index
-
» Fiscal Policy, Public Finance and Monetary Policy
-
» Money Supply, Banking and Financial Institutions
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers
Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download
Continue Reading »
New Cloze Test Questions and Answers PDF - IBPS Clerk 2024
The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF
Continue Reading »
Mensuration Aptitude Practice Mcq Questions IBPS Clerk 2024
Most Important Practice Mensuration aptitude multiple choice questions, answers with detailed solutions, PDF beginner to advanced for IBPS Clerk Prelims 2024
Continue Reading »
Top Clock Aptitude Questions and Answers PDF IBPS Clerk 2024
Recent Important IBPS Clerk Prelims 2024 Aptitude Clock MCQ Questions and answers with easy and logical explanation, PDF. Topic wise Free online practice test
Continue Reading »