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

Question : 31

The Government of India earns maximum revenue from

a) Customs duty

b) Income tax

c) Corporation tax

d) Union excise duty

Answer: (d)

The Government of India earns maximum revenue from Union Excise Duty which is indirect tax levied and collected on the goods manufactured in India and consumed within the country.

Question : 32

Consider the following statements :

  1. The erratic trend in the production of sugar is mainly due to monsoons.
  2. The output ofsugar isinfluenced by both cane and Gur prices.
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Answer: (b)

The erratic trend in production of sugar is mainly due to monsoons and the output ofsugar isinfluenced by both cane and gur prizes.

Question : 33

Consider the following factors regarding an industry:

  1. Capital investments
  2. Business turnover
  3. Labor forces
  4. Power consumption
Which of the following factor determine the nature and size of the industry

a) 2, 3 and 4

b) 1, 2 and 4

c) 1, 3 and 4

d) 2 and 3

Answer: (c)

Question : 34

The Council of Scientific and Industrial Research (CSIR) links 37 constituent laboratories with diverse research portfolios as varied as drug discovery to oceanography. Recently we read in the newspapers that CSIR’s latest imitative is launching of an Open Source Drug Discovery (OSDD) Programme. What is the main purpose of Open Source Drug Discovery (OSDD) Programme?

a) To bring the scientists of the world under one roof

b) To make India self reliant in Drug production

c) To make India a hub of drug research and development

d) To bring down the costs of the new drugs and make them affordable to all

Answer: (d)

Question : 35

Novelis has been acquired and merged with—

a) HINDALCO

b) Tata Steels

c) Jindal Steels

d) SAIL

Answer: (a)

In 2007, Novelis was acquired by Hindalco Industries Limited, another veteran of the aluminium business.

Hindalco is the flagship company of the Aditya Birla Group of companies, a multinational conglomerate headquartered in Mumbai.

Following the merger, Novelis became a wholly-owned subsidiary of Aditya Birla Group With the addition of Novelis, Hindalco became the world’s largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia.

IMPORTANT indian economy mcq EXERCISES

Industries, Manufacturing & Service Sectors Shortcuts »

Click to Read...

industries manufacturing & service sectors section 2 Online Quiz

Click to Start..
1226 Industries & Service Sectors based indian economy MCQ section 2 question answer explanation pdf

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

14-May-2024 by Careericons

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

13-May-2024 by Careericons

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

11-May-2024 by Careericons

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

10-May-2024 by Careericons

Continue Reading »