ECONOMY MCQS SET 118

ECONOMY MCQS SET 118

1171) Consider the following statements about an economy
1. When a country progresses further, the manufacturing sector takes a back seat and give a way to the services sector in terms of both output and employment.
2. When a country progresses further manufacturing sector become increasingly service centric.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
1172) Consider the following statements
1. In the last decade, India is second to China in the developing countries in the terms of Compounded Annual Growth Rate (CAGR) in services sector.
2. In the last decade, Russia had higher Compounded Annual Growth Rate (CAGR) in services sector than India.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Only 1
   
1173) Which one of the following countries has the highest percentage share of services sector in the country's GDP?
A) China
B) Japan
C) Brazil
D) India
Correct Answer: Japan
   
1174) In which area is the Public sector the most dominant in Indian Economy?
A) Transport
B) Steel production
C) Commercial banking
D) Trade and hotels
Correct Answer: Commercial banking
   
1175) Which one of the following sub sector of the Services sector in India has contributed the highest per cent in the annual growth rate of the GDP?
A) Real estate, ownership of dwellings, and business services
B) Community, social, and personal services
C) Transport, storage, and communication
D) Trade, hotels, and restaurants
Correct Answer: Trade, hotels, and restaurants

1176) Indian Air Force has launched its Electronic Maintenance Management System (e-MMS) project. Which of the following is true about this system?
1. The project has been designed and developed by the Indian IT giant Wipro.
2. It seeks to seamlessly connect squadrons, wings, commands and Air Headquarters after implementation.
3. It will help to transform work environment of IAF to become more efficient.
4. The e-MMS system has a central console that will help IAF to get rid of paper works and heavy log books.
Choose the right answer using the following codes
A) 1 and 4
B) 1, 2, 3 and 4
C) 2, 3 and 4
D) None of the above
Correct Answer: 1, 2, 3 and 4
   
1177) The RBI will shortly issue bank notes of 1000 rupees denominations with inset letter 'R' in both the number panels. These notes will issue in
A) Mahatma Gandhi series - 1990
B) Mahatma Gandhi series - 2005
C) Mahatma Gandhi series - 2000
D) Mahatma Gandhi series - 1999
Correct Answer: Mahatma Gandhi series - 2005
   
1178) The Union Cabinet has appraised of the MoU for promoting bilateral cooperation in the field of Information Communication Technology with Qatar Government in
A) May 2016
B) April 2016
C) March 2014
D) March 2015
Correct Answer: March 2015
   
1179) Which one of the following services of the Indian Economy has the highest percentage of share in the Services sector export?
A) Computer software
B) Financial and non financial
C) Computer hardware
D) Legal consultancy
Correct Answer: Computer software
   
1180) Which of the following is true about Second Liquid Chemical Berth of Mumbai Port Trust (MbPT) at Pair Pau?
1. It is a modern state of art facility built at an expense of 127 crore rupees.
2. It is equipped with quick release mooring hooks and also with 4 mooring dolphins.
3. It is designed to handle 550000 WT vessels carrying liquid bulk chemicals.
4. It has been designed to keep in view the safety standards conforming to the oil industry safety directorate norms.
Choose the right answer from the following Codes.
A) 1, 2, 3 and 4
B) 1, 3 and 4
C) 2, 3 and
D) 1, 2 and 3
Correct Answer: 1, 2, 3 and 4