industries manufacturing & service sectors section 3 Practice Questions Answers Test with Solutions & More Shortcuts
Industries, Manufacturing & Service Sectors PRACTICE TEST [10 - EXERCISES]
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industries manufacturing & service sectors section 10
Question : 26
Which one of the following pairs is not properly matched based on Industry and Industrialists?
a) Wipro R. Krishnamurthy
b) Airtel Bharati Mittal
c) Reliance Mukesh Ambani
d) Nano Car Ratan Tata
Answer »Answer: (a)
- Reliance-Mukesh Ambani,
- Wipro-Azim Premji,
- Airtel- Bharati Mittal and
- Nano Car-Ratan Tata.
Wipro was established by Mohamed Hasham Premji in 1945 as a vegetable manufacturer in Amalner, Maharashtra.
Question : 27
Novelis has been acquired and merged with—
a) HINDALCO
b) Tata Steels
c) SAIL
d) Jindal Steels
Answer »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.
Question : 28
Arrange the following in the correct chronological order i.e. the one which was established as a statutory body first should come first in the order.
- Pension Fund Regulatory Development Authority (PFRDA)
- Insurance Regulatory and Development Authority of India (IRDAI)
- Securities and Exchange Board of India (SEBI)
a) (ii) - (i)- (iii)
b) (i) – (ii) – (iii)
c) (iii) – (ii) – (i)
d) (ii) – (iii) – (i)
Answer »Answer: (c)
The Securities and Exchange Board of India was established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
As per section 4 of the IRDAI Act, 1999, the Insurance Regulatory and Development Authority of India (IRDAI) was constituted by an act of parliament, the Insurance Regulatory and Development Authority Act 1999.
The Pension Fund Regulatory Development Authority (PFRDA) Act was passed in September 2013 and the same was notified on 1st February 2014.
PFRDA is regulating the National Pension System, subscribed by employees of Govt. of India, State Governments and by employees of private institutions, self-employed professionals and unorganized sectors.
Question : 29
Consider the following statements:
- Inflation benefits the debtors.
- Inflation benefits the bondholders.
a) Both 1 and 2
b) 2 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: ( a)
Those who benefit from higher inflation are debtors and those who suffer from it are creditors. If one has substantial debt, each rupee one has to repay would be worth less than when it was borrowed. In this way, one pays back less in real terms.
Question : 30
Which company, adopted the Taj Mahal through the ‘Clean India Campaign’ of the tourism ministry?
a) HPCL
b) Indian oil
c) ONGC
d) BPCL
Answer »Answer: (c)
With an aim to attract more visitors to the country by improving cleanliness and hygiene at tourist destinations, Tourism Ministry launched the “Clean India” campaign at the world heritage site Taj Mahal which has been adopted by ONGC.
It is the second site to be covered under this project. The first one was Qutub Minar.
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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
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» 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
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» 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
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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