Economics Practice Quiz 6

Q1.Industries that supply their products as raw materials to manufacture other goods are known as what type of industries?

A. Consumer industries B. Light industries C. Basic or key industries D. Cooperative sector industries

Q2.Which of the following is an example of a basic or key industry as per the classification by main role?

A. Paper B. Sugar C. Aluminum smelting D. Toothpaste

Q3.What type of industries produce goods for direct use by consumers?

A. Basic industries B. Heavy industries C. Consumer industries D. Public sector industries

Q4.Which of the following is an example of a consumer industry?

A. Iron and steel B. Copper smelting C. Sewing machines D. Petrochemicals

Q5.As per the current definition provided in the text, what is the maximum investment allowed on the assets of a unit for a small scale industry?

A. Rupees fifty lakh B. Rupees one crore C. Rupees five crore D. Rupees ten crore

Q6.BHEL and SAIL are examples of which type of industries based on ownership?

A. Private sector B. Joint sector C. Cooperative sector D. Public sector

Q7.Which of the following is an example of a private sector industry mentioned in the text?

A. Oil India Ltd. B. SAIL C. Dabur Industries D. BHEL

Q8.Oil India Ltd. (OIL) is an example of which type of industry based on ownership, as it is jointly owned by public and private sectors?

A. Public sector B. Private sector C. Joint sector D. Cooperative sector

Q9.The sugar industry in Maharashtra and the coir industry in Kerala are examples of which type of industries based on ownership?

A. Public sector B. Private sector C. Joint sector D. Cooperative sector

Q10.Based on the bulk and weight of raw material and finished goods, the iron and steel industry is classified as what type of industry?

A. Light industry B. Consumer industry C. Heavy industry D. Agro-based industry