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

Question : 21

How much percentage of the Debt Service Ratio of India during 2012–13?

a) 12%

b) 2%

c) 18%

d) 6%

Answer: (d)

Question : 22

Industrial Policy 1991 mainly focuses on which points?

  1. Deregulating Indian industry.
  2. Allowing the industry freedom & flexibility in responding to market forces
  3. Providing a policy regime that facilitates and fosters the growth of Indian industry.

a) Only III

b) II & III

c) I & II

d) All the above

Answer: (d)

Deregulating Indian industry.

Allowing the industry freedom & flexibility in responding to market forces and providing a policy regime that facilitates and fosters the growth of Indian industry.

Question : 23

What is/are the recent policy initiative of government of India to promote the growth of manufacturing sector?

  1. Setting up of National Investment and Manufacturing Zones.
  2. Providing the benefit of single window clearance.
  3. Establishing the technology acquisition and development fund.
Select the correct answer using the codes given below :

a) 2 and 3

b) 2 only

c) 1 and 3

d) 1, 2 and 3

Answer: (d)

The recent policy initiative of Government of India to promote the growth of manufacturing sector is setting up of National Investment and manufacturing zones, providing the benefit of single window clearance and establishing the technology acquisition and development.

Question : 24

National Renewal Fund was constituted for the purpose of :

a) Social security

b) Rural reconstruction

c) Providing pension for retiring employees.

d) Restructuring and modernisation of industries

Answer: (a)

The National Renewal Fund (NRF), was set up in February 1992. It aims to provide a social safety net to protect the workers in industrial enterprises from possible adverse consequences of the new economic policy.

Question : 25

The largest source of revenue for Britishers in India was from ______?

a) Temple Tax

b) Textile and Jute Industry

c) Land revenue

d) Gems and Stone Industry

Answer: (c)

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1227 Industries & Service Sectors based indian economy MCQ section 3 question answer explanation pdf

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