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

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

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

Question : 33

Consider the following statements regarding the services sector in India:

1. Services sector receives 2/3 of total FDI inflows in India
2. 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)

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

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