Economics Practice Quiz 5

Q1.How is the economic strength of a country measured?

A. By the total agricultural output. B. By the development of manufacturing industries. C. By the number of people employed in services. D. By the volume of raw material exports.

Q2.Which sector is considered the backbone of development in general and economic development in particular?

A. Primary sector B. Agriculture sector C. Manufacturing sector D. Service sector

Q3.How do manufacturing industries help agriculture?

A. By directly employing farmers. B. By modernising agriculture. C. By increasing dependence on agricultural income. D. By reducing the need for agricultural products.

Q4.What is considered a precondition for the eradication of unemployment and poverty from a country?

A. Increased agricultural production. B. Development of service industries. C. Industrial development. D. Expansion of raw material extraction.

Q5.What was the main philosophy behind public sector industries and joint sector ventures in India, concerning regional disparities?

A. To concentrate industries in urban areas. B. To establish industries in tribal and backward areas. C. To promote only private sector growth. D. To reduce foreign exchange earnings.

Q6.What is a key benefit of exporting manufactured goods?

A. It reduces trade and commerce. B. It increases dependence on agricultural income. C. It brings in much needed foreign exchange. D. It discourages industrial development.

Q7.What is the relationship between agriculture and industry?

A. They are exclusive of each other. B. Industry depends solely on agriculture for demand. C. They move hand in hand, supporting each other. D. Agriculture is always superior to industry.

Q8.Which of the following products are sold by agro-industries to farmers?

A. Sugar and clothes. B. Iron ore and bauxite. C. Irrigation pumps, fertilisers, and pesticides. D. Wood and yarn.

Q9.Which of the following is an example of an agro-based industry according to the classification provided?

A. Cement B. Aluminium C. Rubber D. Petrochemicals

Q10.According to the classification based on the source of raw materials, which of the following is a mineral-based industry?

A. Cotton textile B. Sugar C. Machine tools D. Edible oil

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Economics Practice Quiz 5