industries manufacturing & service sectors section 6 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 : 16
Which statements are correct regarding Industrialization post-1990?
- Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
- The foreign equity investment was allowed up to 70%.
- Geographical restrictions and investment cap for small industries were removed.
a) I & III
b) Only II
c) I & II
d) All the above
Answer »Answer: (a)
Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
The foreign equity investment was allowed up to 40%. Geographical restrictions and investment cap for small industries were removed.
Question : 17
What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector?
- Setting up of National Investment and Manufacturing Zones.
- Providing the benefit of ‘single window clearance’.
- Establishing the Technology Acquisition and Development Fund.
a) 1 and 3
b) 2 and 3
c) 1 only
d) 1, 2 and 3
Answer »Answer: (a)
Question : 18
Consider the following statements :
- The first petrochemical industry in India was started with the establishment of the National organic chemical industry limited in the sixties.
- The real thrust of the petrochemical industry in India came with the establishment of the Indian Petrochemical Corporation Limited (IPCL) at Baroda.
a) Both 1 and 2
b) 2 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (a)
The first petrochemical industry in India was started with the establishment of National Organic Chemical Industry Limited in 1961.
The company manufacture various organic and inorganic chemicals. The real thrust of the Petrochemical industry in India came with the establishment of Indian Petrochemical Corporation Limited (IPCL) at Baroda on March 22, 1969, with a view to promote and encourage the use of plastics in India.
Question : 20
With reference to India, consider the following Central Acts
- Import and Export (Control) Act, 1947
- Mining and Mineral Development (Regulation) Act, 1957
- Custom Act, 1962
- Indian Forest Act. 1927
a) 1 and 3
b) 2 and 3
c) 1, 2, 3 and 4
d) None of these
Answer »Answer: (c)
Important Govt. of India Central Acts and Rules having Relevance to Biodiversity Conservation:
- Fisheries Act, 1897,
- Destructive Insects and Pests Act, 1914,
- The Indian Forest Act, 1927,
- Agricultural Produce (Grading and Marketing) Act, 1937,
- Indian Coffee Act, 1942,
- Import and Export (Control) Act, 1947,
- Rubber (Production and Marketing) Act, 1947,
- Tea Act, 1953,
- Mining and Mineral Development (Regulation) Act, 1957,
- Prevention of Cruelty to Animals Act, 1960,
- Customs Act, 1962,
- Cardamom Act, 1965,
- Seeds Act, 1966,
- The Patents Act, 1970,
- Wildlife (Protection) Act, 1972,
- Marine Products Export Development Authority Act,1972,
- Water (Prevention and Control of Pollution) Act, 1974,
- Tobacco Board Act, 1975,
- Territorial Water, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976,
- Water (Prevention and Control of Pollution) Cess Act, 1977,
- Maritime Zones of India (Regulation and Fishing by Foreign Vessels) Act. 1980,
- Forest (Conservation) Act, 1980,
- Air (Prevention and Control of Pollution) Act, 1981,
- Agricultural and Processed Food Products Export Development Authority Act, 1985/1986,
- Environment (Protection) Act, 1986,
- Spices Board Act, 1986,
- National Dairy Development Board, 1987 etc.
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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
-
» Banking, Security Market & Insurance
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