industries manufacturing & service sectors section 4 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 : 1
FEMA (Foreign Exchange Management Act) was finally implemented in the year
a) 2002
b) 1991
c) 2007
d) 1997
Answer »Answer: (a)
FEMA (Foreign Exchange Management Act) was finally implemented in the year 2002 to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
It replaced Foreign Exchange Regulation Act (FERA)
Question : 2
Which of the following are the main components of the KUSUM scheme?
- Installation of grid-connected solar power plants in remote areas
- Installation of standalone off-grid solar water pumps
- Solarization of existing grid-connected agricultural pumps
a) (i) & (ii) only
b) (i) & (iii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) Scheme is for harnessing solar power for rural India. Solar water pumps to be installed in remote areas for irrigation needs Farmers can get extra income by selling surplus solar power to DISCOMs.
The following are the main components of the scheme:
- Installation of grid-connected solar power plants each of capacity up to 2 MW in the rural areas;
- Installation of standalone off-grid solar water pumps to fulfil irrigation needs of farmers not connected to the grid;
- Solarization of existing grid-connected agriculture pumps to make farmers independent of grid supply and also enable them to sell surplus solar power generated to DISCOM and get extra income; and
- Solarization of tube-wells and lift irrigation projects of the Government sector.
Question : 3
What is the major contribution of the Electronics industry to the country?
a) Improved standard of living
b) Maximised wealth formation
c) Reduced poverty
d) Encouraged employment
Answer »Answer: (d)
The Electronic industry is responsible for the generation of employment. Bangalore is the hub of the electronic industry in the country and is called the electronic city.
There are approximately 200 IT/ITES companies located in Electronics City which have employed many unemployed in various fields.
Question : 4
Consider the following statements regarding the ‘National Statistical Commission’ (NSC):
- It was set up on the recommendations of the Rangarajan Commission
- The Chief Statistician of India is the secretary to the commission
a) (i) only
b) Both (i) & (ii)
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (b)
Based on the recommendations of the Rangarajan Commission, the government through a resolution dated 1st June 2005 set up the National Statistical Commission (NSC) which became effective from 12th July 2006.
The mandate of the NSC is to evolve policies, priorities and standards in statistical matters.
The Chief Statistician of India, the post created specifically as the Head of the National Statistical Office is the Secretary of the Commission.
He is also the Secretary to the Government of India in the Ministry of Statistics and Programme Implementation.
Question : 5
Tourism industries India is quite a small compared to many other countries in term of India potentials and size. Which one of the following statement is correct in this regard?
a) For most of the months India is too hot for western tourist to feel comfortable
b) In India the infrastructure required for attracting tourists is inadequate
c) Distances in India are too far apart and its luxury hotels are too expensive for western tourists
d) Most of the picturesque resort in India such as in North- East and Kashmir are, for all practical purposes, out of bounds
Answer »Answer: (b)
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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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