industries manufacturing & service sectors section 6 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (a)

A labour-intensive industry, as the name suggests, refers to an industry requiring a huge amount of human labour to produce industrial goods.

In such industries, the proportion of labour used is comparatively higher than the proportion of capital.

Answer: (d)

The government established NIIF in 2015 with the aim to attract investment from both domestic and international sources for funding commercially viable Greenfield, Brownfield and stalled projects in the infrastructure sector. NIIF has been formed as a trust and is registered with SEBI under Category II of Alternative Investment Fund (for tax benefit). It is basically a quasi-sovereign wealth fund as the government holds only 49% ownership.

NIIF will get funds from:

Overseas sovereign/quasi-sovereign/ multilateral/bilateral investors through equity. Cash-rich central PSU, provident funds, insurance funds can also invest in NIIF over and above Govt. of India share. Market borrowings (debt).

NIIF will invest in:

Infrastructure projects through equity and debt both; and

Non-Banking Financial Companies (NBFCs) and Financial Institutions (FIs) are involved in infrastructure financing through equity. Structure of NIIF equity (49%) (equity 51%) (debt) equity/debt equity

Answer: (a)

Answer: (d)

In Maharashtra, the arrival of foreign tourists was maximum according to the data of the Tourism Ministry in 2012.

Maharashtra received the highest number of foreign tourists in the country with nearly 4.8 million tourist arrivals in 2011.

Maharashtra was followed by Tamil Nadu and New Delhi, which welcomed 3.4 million and 2.2 million foreigners respectively in the same period.

Answer: (b)

Tata Steel is Asia’s first privately owned integrated iron and steel plant. It is the first company outside Japan to get the Deming Application Prize in 2008 for excellence in total quality management.

Tata Steel started a provident fund for its employees as early as in 1920, however, it became a law for all employers under the Provident Fund Act only in 1952.