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 : 36
Which one of the following is a raw material oriented industry?
a) Petroleum industry
b) Sugar industry
c) Ship Industry
d) Light engineering industry
Answer »Answer: (a)
Crude oil is the basic raw material upon which all refinery processes are founded. Raw material-oriented industries are those industries that are having their locations stick close to the source of raw material.
“Raw material” denotes materials in minimally processed or unprocessed in states e.g. raw later, crude oil, cotton, coal etc
Sugar Industry: It subsumes the production processing and marketing of sugar.
Light Engineering Industry: It is one of the largest sequents of the overall industrial growth of a nation.
Question : 37
When was the ‘Policy Package for Setting up Credit to Small and Medium Enterprises’ announced?
a) March 2009
b) August 2005
c) February 2007
d) November 2010
Answer »Answer: (b)
On August 10, 2005, a ‘Policy Package for Setting up Credit to Small and Medium Enterprises’ was announced with the objective to double the credit flow to the sector within a period of five years.
Question : 39
Consider the following statements:
- India’s share in world merchandise exports is less than 2%
- India is the second-largest manufacturer of mobile phones in the world
a) (i) only
b) Both (i) & (ii)
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (b)
India’s share in world merchandise exports is around 1.7%
India toppled Vietnam to become the second-largest manufacturer of mobile phones globally following China in 2018.
Ref: Economic Survey 2019-20, Vol – I, Chapter 5, Page No. 101 and 115
Question : 40
Which one of the following cities is identified as the hottest outsourcing destination in the world ?
a) Makati city, the Philippines
b) Dublin, Ireland
c) Bengaluru, India
d) Tokyo, Japan
Answer »Answer: (c)
Bengaluru or Bangalore is identified as the hottest outsourcing destination in the world.
Bangalore continues to rule as India’s software hub, with its availability of skilled resources. The pleasant climate of Bangalore has also been a factor in Bangalore’s popularity.
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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
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» Banking, Security Market & Insurance
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