industries manufacturing & service sectors section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11

Which of the following is not a part of World Bank?

a) MIGA

b) IMF

c) IDA

d) IBRD

Question : 12

With reference to the Public Sector Undertakings in India, consider the following statements

1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.
2. Project and Equipment Corporation of India Limited is under the Ministry of Industry.
3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities.

a) 2 and 3

b) 1 and 2

c) 1 only

d) 3 only

Question : 13

The main functioning of the banking system is to

a) provide credit and subsidies

b) accept deposits, provide credit and subsidies

c) accept deposits and provide credit

d) accept deposits and subsidies

Question : 14

What is Statutory Corporation?

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 II

b) I & III

c) Only I

d) None of the above

Question : 15

What does PKI stands for?

a) Primary Key Infrastructure

b) Public Key Institute

c) Private Key Infrastructure

d) Public Key Infrastructure