industries manufacturing & service sectors section 7 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11

Which statement is correct regarding FERA 1973?

1. The Foreign Exchange and Regulation Act (FERA) was passed in 1980.
2. This resulted in a tremendous shift in the foreign investment policy of the Government of India.
3. Foreign Investment was allowed in only those industries that were directly into exports.

a) II & III

b) Only III

c) I & II

d) All the above

Question : 12

Mobile commerce service M Pesa is an initiative of whom among the following?

1. Vodafone India
2. ICICI Bank
3. Airtel
4. HDFC

a) 3 and 4

b) 1, 2 and 4

c) 1 and 2

d) 2 and 3

Question : 13

Consider the following statements regarding multi-brand FDI in retail:

1. 51% FDI is allowed in inventory-based model of e-commerce
2. 51% FDI is allowed in brick and mortar model
3. 100% FDI is allowed in all models for food products sourced from Indian farmers or manufactured in India

a) (ii) only

b) (ii) & (iii) only

c) (iii) only

d) All of the above

Question : 14

In the context of the present ceiling on investment for categorization of various enterprises as Micro, Small and Medium Manufacturing Enterprises (MSMEs), which of the following statements are correct:

1. A microenterprise is an enterprise where the investment in equipment does not exceed Rs. 25 lakh.
2. A small enterprise is an enterprise where the investment in equipment is more than Rs. 25 lakh but does not exceed Rs. 5 crores.
3. A medium enterprise is an enterprise where the investment in equipment is more than Rs. 5 crore but does not exceed Rs. 10 crore.

a) Only 3

b) Only 2

c) Only 1

d) All of them

Question : 15

Match the following products with their percentage part that was controlled by the foreigners at the time of independence:

a) I – c, II – b, III – a, IV - d

b) I – b, II – d, III – a, IV - c

c) I – c, II – d, III – a, IV – b

d) I – a, II – d, III – c, IV - b