industries manufacturing & service sectors section 5 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (a)

The new RBI directive has created a new residential housing as a sub-sector of commercial real estate sector (CRE) to increase investments in residential housing sector by reducing the risk weigh.

Answer: (b)

There is no clear definition of what a shell company is in the Companies Act or any other Act. But typically, shell companies include multiple layers of companies that have been created for the purpose of diverting money or for money laundering or tax avoidance.

Most shell companies do not have any active business operations and they do not manufacture any product or deal in any product or render any service.

They are mostly used to make financial transactions. These types of corporations are not necessarily illegal, but they are sometimes used illegitimately such as to disguise business ownership from law enforcement or the public.

Generally, these companies hold assets only on paper and not in reality. These companies conduct almost no economic activity.

Answer: (d)

Construction Industry is not included in Manufacturing Sector.

Answer: (c)

The general superintendence and direction of the RBI are entrusted with the 21-members

1. Central Board of Directors—the Governor (currently Raghuram Rajan),
2. four Deputy Governors,
3. two Finance Ministry representatives,
4. ten government nominated directors to represent important elements from India’s economy, and
5. four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.

Answer: (d)

Micro Small and Medium Enterprises (MSMEs) sector are crucial for the economic progress of India and it must match global quality control standards. The Zero Defect, Zero Effect (ZED) scheme was launched in October 2016 to ensure that all the MSMEs are delivering top quality products and using clean technology.

This means the public will now onwards be able to use clean technology products and they will also set parameters that are specific to each industry. The main purpose of the scheme is to match the global quality control standards.

The ZED scheme is the cornerstone of the Make in India project which aims to turn India into a manufacturing hub and generate jobs and increase incomes and boost the overall economy of the country.