world economic industry trade agriculture section 3 MCQ Questions & Answers Detailed Explanation

Answer: (a)

• China is the largest producer of wheat.
• U.S.A. is the largest producer of cotton.
• Brazil is the largest producer of sugarcane.
• India is the largest producer of tea.

Answer: (a)

1. Largest producer of wheat in the world is China.
2. Largest producer of milk in the world is India.
3. Largest producer of sugarcane in the world is Brazil.
4. Largest producer of maize in the world is U.S.A.

Answer: (d)

Above all are the capitals of the countries except New Zealand, with Wellington, as capital.

Answer: (c)

For the purpose of settlement in the tropical regions, the Europeans always selected the highlands as these areas offered comparatively cooler and less humid climatic conditions.

In the tropical lowlands, the hot and humid climate was a deterring factor to the European settlements.

Answer: (a)

• The Abadan refinery is located in Abadan near the coast of the Persian Gulf. Built by the Anglo-Persian Oil Company, it was completed in 1912 and was one of the world’s largest oil refineries Oil Refineries Ltd. is an oil refining and Petrochemicals Company located in Haifa Bay, Israel.
• It operates the largest oil refinery in the country. Kirkuk Field is an oilfield near Kirkuk, Iraq. It was discovered by the Turkish Petroleum Company at Baba Gurgur in 1927.
• Ras Tanura meaning “cape oven, cape brazier” presumably due to the unusual heat prevalent at the cape those projects into the sea is a city in the Eastern Province of Saudi Arabia located on a peninsula extending into the Persian Gulf.

Answer: (b)

The merger between Commodity Exchange Inc. and the New York Mercantile Exchange has created the world’s largest physical futures trading exchange, called COMEX.

Since the merger in 1994, the COMEX division has incorporated the trading of aluminium future contracts. New York Mercantile Exchange (COMEX) and Chicago Mercantile Exchange (CME) is the world’s largest gold futures trading centre.