Economics Practice Quiz 110

Q1.Based on size, industries can be classified into which categories?

A. Small scale and large scale B. Private and public C. Agro and mineral D. Cottage and household

Q2.Which type of industry is characterized by hand manufacturing by artisans?

A. Large scale industry B. Small scale industry C. Cottage or household industry D. Public sector industry

Q3.Which of the following is an example of a small scale industry?

A. Automobile production B. Heavy machinery manufacturing C. Silk weaving D. Railway coach manufacturing

Q4.Hindustan Aeronautics Limited is an example of which type of industry based on ownership?

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

Q5.Which sector includes industries owned and operated by individuals or a group of individuals?

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

Q6.Which of the following is an example of a joint sector industry?

A. Steel Authority of India Limited B. Maruti Udyog Limited C. Anand Milk Union Limited D. Sudha Dairy

Q7.Which sector industries are owned and operated by the state and individuals or a group of individuals?

A. Public sector B. Private sector C. Joint sector D. Co-operative sector

Q8.Anand Milk Union Limited and Sudha Dairy are examples of which sector industry?

A. Public sector B. Private sector C. Joint sector D. Co-operative sector

Q9.What provided adequate capital for the later development of the steel plant in Jamshedpur?

A. Foreign investment B. Private loans C. Government initiatives D. Public donations

Q10.What is required when people cannot afford basic needs?

A. Equal opportunity is sufficient B. Proactive measures such as fair distribution of resources (jobs, decent wages, subsidised hospitals, etc.) C. Only charitable donations D. No intervention at all

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Economics Practice Quiz 110