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

Answer: (b)

The government disinvests to meet the deficit in the budget. Token privitisation or deficet privitisation of public sector units occurs when the Govt. sells 5% of shares.

Answer: (b)

Durgapur Steel Plant, SAIL, was set up with the British collaboration in the late fifties with an initial capacity of one million tonnes of crude steel per annum.

Answer: (a)

The overarching theme of the economic survey 2019-20 is wealth creation and the policy choices that enable the same. Wealth creation happens in an economy when the right policy choices are pursued.

The economic survey says that wealth creation and economic development in several advanced economies has been guided by the philosophy of the invisible hand.

Answer: (d)

Virtual Clusters by the Ministry of Micro, Small and Medium Enterprises, is a dedicated web portal that will enable small businesses across the country along with other supporting institutions, like banks, government bodies, NGOs, industry experts, consultants and trainers, academia, research and technical institutions, etc. to come together and share their expertise.

Answer: (a)

In India, in the overall index of industrial production, the indices of eight core industries have a combined weight of 37-90%. Among those eight core industries are cement, Fertilizers, Natural gas and Refinery products.