industries manufacturing & service sectors section 8 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 9
industries manufacturing & service sectors section 10
Question : 31
The budget of 2020-21 is focussed on three themes. Which of the following is not one of them?
a) Aspirational India
b) Caring Society
c) Economic Development
d) Skilled India
Answer »Answer: (d)
The budget (2020-21) is woven around three prominent themes:
- Aspirational India
- Economic Development
- Caring society
This budget is dedicated to providing “Ease of Living” to all citizens.
The “Ease of Living” is a bouquet and holding this bouquet are two hands- one, corruption-free, policy-driven good governance and two, the clean and sound financial sector. And the details under the three broad themes are the flowers in the bouquet.
Question : 32
Which one among the following is a fixed cost to a manufacturing firm in the short run?
a) Cost of energy
b) Cost of raw materials
c) Insurance on buildings
d) Overtime payment to worker
Answer »Answer: (c)
In the short run insurance premium are fixed costs because they are independent of the level of production.
Question : 33
Consider the following statements regarding the services sector in India:
- Services sector receives 2/3 of total FDI inflows in India
- Services sector accounts for around 40% of our total exports
a) (i) only
b) Both (i) & (ii)
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (b)
The services sector’s significance in the Indian economy has continued to increase, with the sector now accounting for around 55 per cent of GVA, two-thirds of total FDI inflows into India and about 38 per cent of total exports.
Ref: Economic Survey 2019-20, Vol – II, Page 273.
Question : 34
Maruti views Tata Motors as a prominent competitor but does not view Volvo as a competitor. This type of competition in the market is known as
a) Cost control competition
b) Product competition
c) Production flow competition
d) None of these
Answer »Answer: (b)
Maruti views Tata motors as a prominent competitor but does not view Volvo as a competitor.
This type of competition in the market is known as product competition because the companies are competing on the same and similar products.
Question : 35
Which one of the following is not correctly matched?
a) Jet Airways : Air Sahara
b) Hindalco industries : Novelis
c) Tata Steel : Corus Group
d) Kingfisher Airlines : MDR Airlines
Answer »Answer: (d)
- Hindalco industries : Novelis
- Tata Steel : Chorus group
- Jet airways : Air Sahara
- Kingfisher Airlines: MDR Airlines
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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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