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
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industries manufacturing & service sectors section 9
industries manufacturing & service sectors section 10
Question : 21
Which sentence is correct regarding Industrial Development and Regulation Act 1951?
- They controlled the authorization of capability, whereabouts and growth of any request for the manufacture of new products.
- They controlled the authorization of foreign exchange expenditure on the import of plants and machinery.
- They controlled the authorization for the terms of international joint ventures.
a) II & III
b) Only III
c) I & II
d) All the above
Answer »Answer: (d)
Question : 22
Consider the below statements:
- Internal factors could be mismanagement, lack of finance wrong dividend policy, not providing for reserves or deliberate ‘milking’ of the unit by the owners.
- External factors could be wrong government policy, power shortage, non-availability of raw materials, transport problem, lack of technological advancement and labour disputes.
a) Both I & II
b) Only II
c) Only I
d) None of the above
Answer »Answer: (a)
Internal factors could be,
- mismanagement,
- lack of finance wrong dividend policy,
- not providing for reserves or deliberate ‘milking’ of the unit by the owners.
External factors could be,
- wrong government policy,
- power shortage,
- non-availability of raw materials,
- transport problem,
- lack of technological advancement and
- labour disputes.
Question : 24
Which one of the following is the objective of National Renewal Fund ?
a) To develop a core sector of economy.
b) For human resources development such as full literacy, employment, population control, housing and drinking water.
c) To safeguard the interest of workers who may be affected by technology upgradation of industry or closer of sick units.
d) For the development of the infrastructure such as energy, transport, communication and irrigation.
Answer »Answer: (c)
Question : 25
Which of the following are part of the 'Index of Industrial Production (IIP)'?
- Mining and quarrying
- Electricity generation
- Construction
- Forestry
a) (i) & (ii) only
b) (i), (ii) & (iii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (a)
The scope of the Index of Industrial Production (IIP) as recommended by the United Nations Statistical Office (UNSO) includes mining, manufacturing, construction, electricity, gas and water supply.
But due to constraints of data availability, the IIP compiled in India has excluded construction, gas and water supply sectors. (And Forestry is not part of the industrial activity)
Base Year 2011-12 | Index of Industrial Production (IIP) |
(Weights) | |
Mining | 14.373 |
Manufacturing | 77.633 |
Electricity | 7.994 |
D. Uranus | 4. Titania |
IMPORTANT indian economy mcq EXERCISES
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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
-
» 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
-
» 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
-
» Money Supply, Banking and Financial Institutions
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
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