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Questions and Answers
What was the main philosophy behind public sector industries and joint sector ventures in India?
What was the main philosophy behind public sector industries and joint sector ventures in India?
- To modernize agriculture and reduce dependence on agricultural income
- To transform raw materials into a wide variety of furnished goods of higher value
- To bring down regional disparities by establishing industries in tribal and backward areas
- To eradicate unemployment and poverty (correct)
How does export of manufactured goods contribute to a country's prosperity?
How does export of manufactured goods contribute to a country's prosperity?
- It helps in modernising agriculture and reducing dependence on agricultural income
- It expands trade and commerce, and brings in much needed foreign exchange (correct)
- It focuses on eradicating unemployment and poverty
- It brings down regional disparities by establishing industries in tribal and backward areas
What is the main reason why manufacturing sector is considered the backbone of economic development?
What is the main reason why manufacturing sector is considered the backbone of economic development?
- It helps in modernising agriculture and reduces dependence on agricultural income (correct)
- It aims at bringing down regional disparities by establishing industries in tribal and backward areas
- It expands trade and commerce through export of manufactured goods
- It focuses on eradicating unemployment and poverty
How do agro-industries in India contribute to agriculture?
How do agro-industries in India contribute to agriculture?
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What is the relationship between agriculture and industry according to the text?
What is the relationship between agriculture and industry according to the text?
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