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

Question : 31

Which is the most important company in machine tools?

a) Guindy Machine Tools

b) HMT Machine Tools

c) PMT Machine Tools

d) Praga Tools

Answer: (b)

HMT was founded in 1953. HMT Machine tools offer a wide array of high technology tool machine tool solutions to cater for every manufacturing requirement.

PMT Mechanical tools ltd. : largest machine tool manufacturing company in India.

Pragatools ltd. : Established in 1943 to manufacture machine tools with its headquarter Secunderabad.

Question : 32

Which of the following funds was established in India in 1992 to provide assistance to cover the costs of retraining and redeployment of employees arising as a result of modernization, technology up gradation and industrial restructuring?

a) National Insurance Fund

b) National Up-gradation Fund

c) National Renewal Fund

d) National Social Security Fund

Answer: (c)

Question : 33

Over how many years periodic review of the “Miniratna” & “Navratna” status of public enterprises on the basis of their performance?

a) 2 years

b) 4 years

c) every year

d) 3 years

Answer: (d)

Question : 34

Consider the following statements :

  1. MMTC limited is India’s largest international trading organisation.
  2. Neelanchal Ispat Nigam Limited has been set up by MMTC jointly with the government of Odisha.
Which of the statements given above is/are correct?

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

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.

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

Question : 35

Disguised unemployment generally means              

a) alternative employment is not available

b) productivity of workers is low

c) large number of people remain unemployed

d) marginal productivity of labour is zero

Answer: (d)

Disguised unemployment is a situation when people do not have productive full-time employment, but are not counted in the official unemployment statistics.

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