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

Question : 31

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

a) Temple Tax

b) Textile and Jute Industry

c) Gems and Stone Industry

d) Land revenue

Answer: (d)

The largest source of Revenue for Britishers in India was from Land revenue. Three major system of land revenue collection existed in India they were - Zamindari, Ryotwari and Mahalwari.

Question : 32

Which statement is correct regarding joint venture?

  1. 15 industrial areas were put under this category.
  2. This category also carried the provision of compulsory licensing.
  3. This provision led to the establishment of the so-called ‘Licence- Quota- Permit raj’ in the economy.

a) Only I

b) II & III

c) I & II

d) All the above

Answer: (b)

12 industrial areas were put under this category. This category also carried the provision of compulsory licensing.

This provision led to the establishment of the so-called ‘Licence- Quota- Permit raj’ in the economy.

Question : 33

Which among the following sectors contributes maximum excise revenue to Indian exchequer?

a) Steel industry

b) Aviation

c) Agriculture

d) Oil and gas

Answer: (d)

Oil and gas industry is the largest contributor to excise revenues in India followed by steel industry.

Question : 34

Consider the following statements about Navratna company NALCO.

  1. It is Asia’s largest integrated aluminium complex.
  2. Soma Mondal has been appointed as the first female director of NALCO.
  3. It can invest up to Rs. 1,000 crores or 15% of net worth on a single project without government approval.
Which of the following codes are correct?

a) 2 and 3

b) 1, 2 and 3 all

c) 1 and 3

d) 1 and 2

Answer: (b)

NALCO is Asia’s largest integrated aluminium complex. Previously, Ms Soma Mondal was working with the company as executive director (marketing) at Nalco’s corporate office.

It can invest up to Rs. 1,000 crores or 15% of its net worth on a single project without government approval.

Question : 35

CAPART is related with—

a) onsultant service of export promotion

b) Assisting and evaluating rural welfare programmes

c) ontrolling pollution in big industries

d) omputer hardware

Answer: (b)

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