Cottage Industry vs Future Industrialization Quiz

Play an AI-generated podcast conversation about this lesson

Which type of industry is characterized by involving a household or small number of people and using limited resources?

Cottage industry (correct)

Heavy industry

Service industry

Manufacturing industry

What is a key aspect of the cottage industry as mentioned in the text?

Utilization of unlimited resources

Involvement of a large number of people

High investment requirement

Less investment (correct)

What is emphasized as essential for the development and prosperity of a country?

Strict regulations on small industries

Privatization and foreign investment (correct)

Large-scale industries only

Government control of all industries

How does education shape individuals according to the text?

By enhancing natural qualities and talents Signup and view all the answers

What role does education play in providing citizens with confidence, according to the text?

It gives citizens a sense of purpose and confidence in dealing with their environment Signup and view all the answers

In what way does education contribute to the character building of an individual?

By playing a constructive role in character building through education on rights and duties Signup and view all the answers

Which of the following best describes the importance of industrialization mentioned in the text?

Industrialization enhances trade and saves foreign exchange. Signup and view all the answers

What percentage of India's industry was inherited by Pakistan in 1947?

4% Signup and view all the answers

How does industrialization relate to agriculture according to the text?

Agriculture provides raw materials for industry. Signup and view all the answers

Which sector was NOT part of the early industries set up in Pakistan?

Paper manufacturing Signup and view all the answers

In what way does industrialization impact the quality of life according to the text?

It helps in poverty reduction. Signup and view all the answers

How does industrialization relate to the defence and security of a country?

Industrialization is crucial for defence and security. Signup and view all the answers

What role did the state play in the industrial development of Pakistan according to the text?

Providing financial help and tax incentives Signup and view all the answers

Which institution was established to encourage the setting up of industries that were less attractive for the private sector?

Pakistan Industrial Development Corporation (PIDC) Signup and view all the answers

Which industry received loan facilities for industrial projects at concessional rates from the Industrial Development Bank of Pakistan (IDBP)?

Iron and Steel Signup and view all the answers

What was the main purpose of the Pak Industrial Credit & Investment Corporation (PICIC) according to the text?

To give loans and credit facilities for setting up industry Signup and view all the answers

Which of the following institutions was formed specifically for the promotion of domestic and foreign investment in Pakistan?

Investment Promotion Bureau Signup and view all the answers

During which years did all Five Year Plans pay greater emphasis on the private sector and rapid industrialization in Pakistan?

1955, 1960, 1965-70 Signup and view all the answers