Tag: the nature of the indian economy part 2

Questions Related to the nature of the indian economy part 2

Value Added Method involves _______.

  1. identifying the producing enterprise and classify them into industrial sectors according to their activities

  2. estimating net value added by each producing enterprise as well as each industrial sector and adding up the net value added by all the sectors

  3. both A and B

  4. none of the above


Correct Option: C

Over the years, the value added by industrial sector in the GDP has ____.

  1. improved

  2. declined

  3. remained constant

  4. hasn't shown any specific trend


Correct Option: A

Intermediate goods means _________.

  1. minerals, fertilizers, cement , steel , iron etc.

  2. machinery, machine tools etc.

  3. chemicals, rubber, plastic, coal etc.

  4. man-made fibers, beverages, watch etc.


Correct Option: C

Consumer goods means ________.

  1. minerals, fertilizers, cement, steel, etc.

  2. machinery, machine tools etc.

  3. chemicals, rubber, plastic, coal etc.

  4. man-made fibers, beverages, watches etc.


Correct Option: D

Public sector is now of size & _______.

  1. large, diversified

  2. small, concentrated in few areas

  3. large, concentrated in few areas

  4. small but diversified


Correct Option: A

Employment in small-scale & cottage industries is next only to that of  __________ sector .

  1. agricultural

  2. industrial

  3. services

  4. none of above


Correct Option: A