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

Answer: (d)

Y.V. Reddy is the chairman of the 14th Finance Commission of India. The Finance Commission of India came into existence in 1951.

It was established under Article 280 of the Indian Constitution by the President of India.

It was formed to define the financial relations between the centre and the state Dr Yaga Venugopal Reddy is an Indian Administrative Service (IAS) officer of the 1964 batch who served as Governor of the Reserve Bank of India (RBI).

Answer: (a)

In terms of capital goods, India still depends on the import has not attained self sufficiency in almost all consumer goods.

Answer: (c)

Price-pooling is the mechanism of averaging of the price of imported and indigenous coal. Thus there are differences between the coal and power ministry on how the impact of higher imported coal prices will be shared between Coal India (CIL) and power companies.

Answer: (c)

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.

Answer: (d)

Ashok Leyland, 2nd largest commercial vehicle manufacturer in India is a Hinduja Group company.

Hindalco is the world’s largest aluminium rolling company belonging to A.V. Birla.

Suzlon Energy Limited is an Indian multinational wind power company based in Pune, owned by Tulsi Tani.