industries manufacturing & service sectors section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 26

In India, the price of petroleum products has been deregulated mainly to

a) discourage the demand for private vehicles

b) curb the use of black money in the economy

c) reduce the burden of subsidies given to the oil companies

d) discourage the exploration of oil reserves in the country

Question : 27

Who wrote a book describing the theory of economic drain of India during British rule?

a) J.L. Nehru

b) Lala Lajpat Rai

c) Mahatma Gandhi

d) Dadabhai Naoroji

Question : 28

Who among of the following is appointed as the chairman of ASSOCHAM in the session 2013–14?

a) Rana Kapoor

b) Rajkumar Dhoot

c) Sunil Kanoria

d) Chanda Kochhar

Question : 29

British colonial authorities did not oppose the setting up of cotton mills in India by local capitalists during the 19th century because

a) the first mills set up in India were spinning mills which competed with indigenous hard spinning

b) the quality of Indian mill-made cloth was inferior

c) the coast of producing mill cloth in India was higher

d) it was too expensive to transport textiles to U.K.

Question : 30

Arrange the following Acts in order in which they were enacted. Use the codes given below.

1. The Industrial Employment (Standing orders) Act.
2. The Indian Trade Unions Act.
3. The Industrial Disputes Act.
4. The Employment Exchange (Compulsory Notification) Act.

a) 3, 4, 1, 2

b) 1, 2, 4, 3

c) 2, 1, 3, 4

d) 4, 3, 2, 1