Industrialisation

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  • Q1

    Among the following, find out which one is not an importance of industries?

    Marks:1
    Answer:

    Decreasing Employment Opportunities

    Explanation:

    Importance of industries in the Indian economy are as follows:

    ·         Rapid Growth of Income

    ·         Increasing Employment Opportunities

    ·         Exploitation of Resources Efficiently

    ·         Earning of Adequate Foreign Exchange

    ·         Development of Agriculture

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  • Q2

    One of the importance of industries is ________________.

    Marks:1
    Answer:

    Rapid Growth of Income

    Explanation:

    Importance of industries in the Indian economy are as follows:

    ·         Rapid Growth of Income

    ·         Increasing Employment Opportunities

    ·         Exploitation of Resources Efficiently

    ·         Earning of Adequate Foreign Exchange

    ·         Development of Agriculture

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  • Q3

    During industrialization capital deepening implies ____________.

    Marks:1
    Answer:

    use of more capital per unit of output

    Explanation:

    Industrialisation involves capital deepening and capital widening. Capital Deepening implies use of more capital per unit of output. Capital widening means growth of physical capital like machines, building etc.

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  • Q4

    Among the following industrialisation does not imply ___.

    Marks:1
    Answer:

    Under-utilisation of power, machinery & modern techniques

    Explanation:

    Industrialisation implies

    ·         Utilisation of power, machinery & modern techniques

    ·         Capital Investments on a large scale

    ·         Exchange & distribution of goods through developed monetary system

    ·         Transformation of agrarian economy to industrial economy

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  • Q5

    A period of social and economic change where development is closely related with technological innovation is known as __________.

    Marks:1
    Answer:

    Industrialisation

    Explanation:

    Industrialisation is a period of social and economic change where development is closely related with technological innovation.

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