Question
Read the text given below and answer the following questions.
Over the last two decades, the share of manufacturing sector has stagnated at 17 percent of GDP - out of a total of 27 per cent for the industry which includes 10 per cent for mining, quarrying, electricity and gas. This is much lower in comparison to some East Asian economies, where it is 25 to 35 percent. The trend of growth rate in manufacturing over the last decade has been around 7 percent per annum. The desired growth rate over the next decade is 12 per cent. Since 2003, manufacturing is once again growing at the rate of 9 to 10 per cent per annum. With appropriate policy interventions by the government and renewed efforts by the industry to improve productivity, economists predict that manufacturing can achieve its target over the next decade. The National Manufacturing Competitiveness Council (NMCC) has been set up with this objective.
Answer the following MCQs by choosing the most appropriate option:
Over the last two decades, the share of manufacturing sector has stagnated at 17 percent of GDP - out of a total of 27 per cent for the industry which includes 10 per cent for mining, quarrying, electricity and gas. This is much lower in comparison to some East Asian economies, where it is 25 to 35 percent. The trend of growth rate in manufacturing over the last decade has been around 7 percent per annum. The desired growth rate over the next decade is 12 per cent. Since 2003, manufacturing is once again growing at the rate of 9 to 10 per cent per annum. With appropriate policy interventions by the government and renewed efforts by the industry to improve productivity, economists predict that manufacturing can achieve its target over the next decade. The National Manufacturing Competitiveness Council (NMCC) has been set up with this objective.
Answer the following MCQs by choosing the most appropriate option:
- The share of manufacturing sector stagnated at _________ percent of GDP out of a total of _________ percent.
- 27,17
- 17,20
- 17,27
- 20,35
- If we classify the industries based on a particular criterion, then we would be able to understand their manufacturing better. Identify the industries on the basis of sources.
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On the basis of sources
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Industries
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(A)
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Agro-based
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1
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Bajaj Auto
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(B)
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Capital investment
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2
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Electrical Goods
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(C)
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Ownership
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3
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Cotton
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(D)
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Bulk Weight of raw material
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4
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Small Scale
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- A-1, B-2, C-3, D-4
- A-3, B-4, C-1, D-2
- A-2, B-3, C-1, D-4
- A-4, B-1, C-4, D-3
- What is the full form of NMCC?
- National Manufacturing Company, Corporation.
- National Mini Company Corporation.
- National Manufacturing Competitiveness Council.
- None of the above.
- Which of the following statement is correct about NMCC?
- It was set up for eradication of unemployment and poverty.
- It was established as an autonomous organization.
- Its objective is to improve manufacturing productivity.
- All of these.