Tag: industrial revolution in india

Quizzes (0) Questions (90)

Questions Related to industrial revolution in india

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 Union Cabinet in September $2016$ approved MoU between India and which country in the field of Industrial Property Cooperation?

  1. Qatar

  2. Singapore

  3. Russia

  4. Japan
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In 2016, the Union Cabinet approved a Memorandum of Understanding between India and Singapore to foster cooperation in the field of industrial property, such as patents and trademarks.

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

Small scale industries contributes almost _____ % of the gross industrial value added in the Indian economy.

  1. 30

  2. 40

  3. 45

  4. 50
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Small-scale industries are a vital part of the Indian economy, contributing approximately 40% to the gross industrial value added.

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

As Industrialization grows, the role of capital goods vs-a-vis consumer goods ____________.

  1. increases

  2. decreases

  3. remains relatively constant

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

As industrialization progresses, the demand for capital goods (machinery and equipment) increases relative to consumer goods to support further production and infrastructure 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

Capital employed per worker in industry was ______.

  1. low

  2. high

  3. medium

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

Historically, Indian industry has been characterized by labor-intensive methods, resulting in a relatively low amount of capital employed per worker.

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 market for industrial goods in rural area is ______.

  1. narrow

  2. moderate

  3. broad

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

Due to lower purchasing power and limited infrastructure in many rural areas, the market for industrial goods has historically been narrow.

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

Higher Industrial output results in _________  income per head. 

  1. higher

  2. lower

  3. moderate

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

Higher industrial output generally leads to increased productivity and economic growth, which in turn results in higher income per head.

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

After independence, there was a high concentration of employment in which industries  _______.

  1. small & household industries

  2. large industries

  3. medium industries

  4. both (a) & (b) above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

After independence, India's employment was heavily concentrated in both small/household industries and the emerging large-scale industrial sector.

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

Retrogression is a phenomenon in which  ________.

  1. growth of elite oriented consumption goods is higher than goods which satisfy the need of mass of the people.

  2. growth of elite oriented goods is lesser than the goods which satisfy mass needs

  3. both the above rates are equal

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

Retrogression in this context refers to a situation where the growth of luxury or elite-oriented consumption goods outpaces the growth of essential goods needed by the masses.

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

Capital goods industries produce _______.

  1. materials, fertilizers, cement, steel, iron 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
B Correct answer
Explanation

Capital goods industries are those that produce machinery, machine tools, and equipment used to manufacture other goods.

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

Indian industry is _______.

  1. dependent on the vagaries of nature

  2. independent of vagaries of nature

  3. has no relationship with nature

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

Unlike agriculture, which is heavily dependent on weather and nature, the industrial sector is largely independent of such vagaries.