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

Question : 21

Government of India decided to celebrate the year 2013 as

a) Energy conservation year

b) Environment conservation year

c) Wildlife conservation year

d) Water conservation year

Question : 22

Which one of the following is not correct about ‘plastic parks’?

a) To increase competitiveness and investment in plastic sector is one of the objectives

b) This is a scheme too assist plastic industries in India

c) These parks will help to develop biodegradable plastics

d) It emphasises environmentally sustainable growth in plastic sector with cluster development approach

Question : 23

What does venture capital mean?

a) A long-term start-up capital provided to new entrepreneurs

b) Funds provided for replacement and renovation of industries

c) A short-term capital provided to industries

d) Funds provided to industries at times of incurring losses

Question : 24

Consider the following statements:

1. Economic infrastructure is located within the system of production and distribution. Some of these are the transport system, banking system and power.
2. Social infrastructure contributes to the production process from outside the system. Some examples are education, training, hospitals and housing.

a) Both I & II

b) Only II

c) Only I

d) None of these

Question : 25

Explain ‘joint sector’ in India?

a) Product produced together by the public and private sectors is called the joint sector

b) It is an enterprise owned jointly by an Indian and a foreign enterprise

c) Where the government has more than 50% share

d) It is an enterprise owned jointly by both the sectors