industries manufacturing & service sectors section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (a)

MMTC Ltd., Metals and Minerals Trading Corporation of India, is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body.

Neelanchal Ispat Nigam Limited (NINL), is a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL).

Answer: (a)

Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.

It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.

SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.

Answer: (a)

1st July is celebrated as the establishment date of the State Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India.

SBI is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai.

It has assets of US$388 billion and 16,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.

Answer: (b)

Indian Banks’ Association (IBA), formed on 26 September 1946 as a representative body of management of banking in India.

K.R. Kamath was elected as a chairman of IBA consecutively for the second term in June 2013. He has been working since 1/10/2012 after chairman Alok K Misra, CMD of Bank of India.

Other notable chairmen include M. D. Mallya of Bank of Baroda, V. P. Shetty, M. V. Nair, Rashid Jilani and O P Bhatt.

Answer: (d)

Sunrise industries are industries which have high growth potential and meet future requirements of the economy.