Industrialisation
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Q1
Among the following, find out which one is not an importance of industries?
Marks:1Answer:
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:1Answer:
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:1Answer:
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:1Answer:
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:1Answer:
Industrialisation
Explanation:
Industrialisation is a period of social and economic change where development is closely related with technological innovation.