Tag: the nature of the indian economy part 2

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Questions Related to the nature of the indian economy part 2

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Value Added Method involves _______.

  1. identifying the producing enterprise and classify them into industrial sectors according to their activities

  2. estimating net value added by each producing enterprise as well as each industrial sector and adding up the net value added by all the sectors

  3. both A and B

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Value Added Method involves both identifying sectors and calculating the net value added by each to determine the total GDP contribution.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Countries which are industrially developed have _______ per capital income.

  1. higher

  2. lower

  3. lowest

  4. moderate
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Industrially developed nations typically have a higher per capita income due to higher productivity and value addition in their economies.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Over the years, the value added by industrial sector in the GDP has ____.

  1. improved

  2. declined

  3. remained constant

  4. hasn't shown any specific trend
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Over the decades, the industrial sector's contribution to GDP has generally improved as the economy shifted from agrarian to industrial and service-based.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Intermediate goods means _________.

  1. minerals, fertilizers, cement , steel , iron etc.

  2. machinery, machine tools etc.

  3. chemicals, rubber, plastic, coal etc.

  4. man-made fibers, beverages, watch etc.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Intermediate goods are goods used as inputs in the production of other goods, such as chemicals, plastics, and rubber.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Consumer goods means ________.

  1. minerals, fertilizers, cement, steel, etc.

  2. machinery, machine tools etc.

  3. chemicals, rubber, plastic, coal etc.

  4. man-made fibers, beverages, watches etc.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Consumer goods are final products purchased by individuals for personal use, such as watches, beverages, and fibers.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Public sector is now of size & _______.

  1. large, diversified

  2. small, concentrated in few areas

  3. large, concentrated in few areas

  4. small but diversified
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The public sector in India grew significantly in size and became highly diversified across various industries to drive development.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Pattern of industrial development spice independence has been ________.

  1. balanced

  2. skewed

  3. lopsided

  4. unbalanced
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The pattern of industrial development in India post-independence is often described as lopsided because it favored certain regions or heavy industries over others.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

The performance of public sector in India has been ________.

  1. satisfactory

  2. good

  3. excellent

  4. poor
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The performance of the public sector in India has been widely criticized as poor due to inefficiencies, lack of profitability, and bureaucratic hurdles.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Employment in small-scale & cottage industries is next only to that of  __________ sector .

  1. agricultural

  2. industrial

  3. services

  4. none of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

After agriculture, the small-scale and cottage industry sector is the largest provider of employment in India.