industries manufacturing & service sectors section 8 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1

An increase in the Bank Rate generally indicates that the

a) Central Bank is no longer making loans to commercial banks

b) Central Bank is following a tight money policy

c) market rate of interest is likely to fall

d) Central Bank is following an easy money policy

Answer: (b)

A tight monetary policy is a course of action undertaken by Central bank to constrict spending in an economy, or to curb inflation when it is rising too fast.

The increased bank rate increases the cost of borrowing and effectively reduces its attractiveness.

Question : 2

Arrange in decreasing order the percentage share in power generation capacity:

a) Private > Central > States

b) Private > States > Central

c) Central > Private > States

d) Central > States Private

Answer: (b)

Following the power generation capacity as on October 2019:

Private = 46.5%

States = 28.4%

Central = 25.1%

Question : 3

Correlate the following;

List I List II
(Industry) (Field)
A. Basic industry 1. Fertilizer
B. Strategic industry 2. Petroleum
C. Critical industry 3. Automobile
D. Goods based industry 4. Arms and Ammunition
Codes: A B C D

a) 1 4 2 3

b) 4 2 3 1

c) 4 1 2 3

d) 2 4 3 1

Answer: (d)

The correct correlation of industries and their fields are :

  • Basic industry — petroleum
  • Strategic industry — Arms and Ammunition
  • Critical industry — Automobile
  • Goods based industry — Fertilizer

Question : 4

Consider the following statements:

  1. The per capita consumption of plastics in India is the highest in the world.
  2. The petrochemical industry in India gives a big boost to small scale industries.
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Answer: (a)

Per capita consumption of polymers products in the country during 2012-13 was low at just 9.7 kg as compared to 109 kg in the USA, 45 kg in China and 32 kg in Brazil.

Thus India is not the highest consumer. The petrochemical industry in India gives a big boost to the small scale industries is the correct statement.

Question : 5

In which among the following years, a new “ Liberalized Industrial Policy “ in India was announced for the first time?

a) 1991

b) 1993

c) 1986

d) 1992

Answer: (a)

IMPORTANT indian economy mcq EXERCISES

Industries, Manufacturing & Service Sectors Shortcuts »

Click to Read...

industries manufacturing & service sectors section 8 Online Quiz

Click to Start..
1231 Industries & Service Sectors based indian economy MCQ section 7 question answer explanation pdf

Recently Added Subject & Categories For All Competitive Exams

Classification MCQ Test: IBPS RRB PO 2024 Scale-1 Prelims

Free 150+ Classification Verbal Reasoning Multiple choice questions and answers practice test series PDF, Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024

28-Mar-2024 by Careericons

Continue Reading »

100+ Analogy Verbal Questions Answers PDF For IBPS RRB PO

Most Important Analogy Verbal Reasoning Multiple choice questions and answers practice test series PDF & Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024

27-Mar-2024 by Careericons

Continue Reading »

IBPS RRB Clerk 2024 Seating Arrangement Questions Answers

Seating Arrangement: Verbal Reasoning Practice multiple choice questions and answers test & Quiz PDF for IBPS RRB (Assistant Multipurpose) Clerk Prelims 2024

26-Mar-2024 by Careericons

Continue Reading »

Top Aptitude Time & Distance Questions PDF: IBPS RRB Clerk

Important Aptitude Time and Distance multiple choice questions answers practice test PDF for IBPS RRB Clerk (Office Assistant Multipurpose) Prelims 2024 Exam

25-Mar-2024 by Careericons

Continue Reading »