Economics Practice Quiz 109

Q1.What are secondary activities or manufacturing primarily concerned with?

A. Extraction of minerals B. Provision of services C. Changing raw materials into products of more value to people D. Transportation of goods

Q2.What is the term for an economic activity concerned with production of goods, extraction of minerals, or provision of services?

A. Manufacturing B. Industry C. Secondary activity D. Commerce

Q3.Which of the following is NOT an example of an industry as per the classification given in the text?

A. Iron and steel industry B. Coal mining industry C. Tourism industry D. Agriculture industry

Q4.On what bases can industries be classified?

A. Raw materials, size, and ownership B. Location, capital, and labor C. Production, distribution, and consumption D. Public, private, and joint sectors

Q5.What happens to the value of a product at each stage of the manufacturing process?

A. It decreases B. It remains the same C. Value is added D. It becomes negligible

Q6.Which of the following best describes the journey of a notebook?

A. Tree to pulp to paper to notebook to market B. Tree to paper to pulp to notebook to market C. Pulp to tree to paper to notebook to market D. Paper to tree to pulp to notebook to market

Q7.Which type of industry uses plant and animal based products as raw materials?

A. Agro based industries B. Mineral based industries C. Marine based industries D. Forest based industries

Q8.Which of the following is an example of a mineral based industry?

A. Food processing B. Cotton textile C. Iron making from iron ore D. Fish oil manufacturing

Q9.Marine based industries use raw materials from which source?

A. Forests B. Sea and oceans C. Mines D. Agricultural fields

Q10.Which of the following is an example of a forest based industry?

A. Leather industry B. Vegetable oil industry C. Pulp and paper industry D. Dairy products industry

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Economics Practice Quiz 109