industries manufacturing & service sectors section 9 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 21

When was the “Package for Promotion of Micro and Small Enterprises” announced?

a) March 2009

b) August 2005

c) November 2010

d) February 2007

Answer: (d)

In February 2007, a “Package for Promotion of Micro and Small Enterprises” was announced.

This includes measures addressing concerns of credit, fiscal support, cluster-based development, infrastructure, technology, and marketing.

Capacity building of MSME Associations and support to women entrepreneurs are the other important attributes of this package.

Question : 22

Match the following: 

Column I Column II
I. PSU’s a. Category C
II. Joint Venture b. Category A
III. Private Sector c. Category B
Codes: I II III

a) I – c, II – b, III - a

b) I – a, II – c, III - b

c) I – b, II – c, III – a

d) I – b, II – a, III – c

Answer: (c)

Question : 23

Which Indian Company has been included for the first time in U.S. A’s index NASDAQ-100?

a) ICICI Bank

b) Infosys

c) Videsh Sanchar Nigam Limited

d) Tata Motors

Answer: (b)

Software major Infosys Technologies is included in the coveted Nasdaq-100 Index.

This is the first time that an Indian company has found a place in a stock index outside the country.

Question : 24

Consider the following statements according to Micro, Small and Medium Enterprises Development (MSMED) Act 2006 of Indian Economy.

  1. The Micro Enterprises are those whose capital asset is less than 25 lakh.
  2. Small Enterprises are those industries whose capital asset is from 10 lakh to 5 crores.
  3. The capital asset including machinery of more than 5 crores is known as Medium Enterprises.
Which of the statements given above is/are correct?

a) 1 and 3

b) 2 and 3

c) 1 only

d) 1, 2 and 3

Answer: (c)

A microenterprise is an enterprise where investment in plant and machinery does not exceed RS. 25 lakh.

A small enterprise is an enterprise where the investment in plant and machinery is more than RS. 25 lakh but does not exceed RS. 5 crore, and A medium enterprise is an enterprise where the investment in plant and machinery is more than RS. 5 crore but does not exceed RS. 10 crore.

Question : 25

Which Indian Company has been included for the first time in U.S. A’s index NASDAQ-100?

a) ICICI Bank

b) Infosys

c) Tata Motors

d) Videsh Sanchar Nigam Limited

Answer: (b)

Software major Infosys Technologies is included in the coveted Nasdaq100 Index.

This is the first time that an Indian company has found a place in a stock index outside the country.

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