world economic industry trade agriculture section 8 MCQ Questions & Answers Detailed Explanation

Answer: (c)

Kenya, China, Sri Lanka India and Vietnam are the leading exporters of tea in the world. These five countries are the major producers of tea as well. The United Kingdom is one of the major importers of tea. India is the world’s largest tea-drinking nation.

Answer: (b)

The location of the industries is largely governed by two sets of factors and they are

1. Geographical Factors
2. Non-Geographical Factors

The main geographical factors include raw material, power, labour, transport, market, cheap land and labour. The non-geographical factors include capital, industrial policy, industrial inertia, banking facilities, insurance and political stability.

Answer: (c)

1. Industries can be classified into the private sector, state-owned or public sector, joint sector and cooperative sector. Private-sector industries are owned and operated by individuals or a group of individuals.
2. The public sector industries are owned and operated by the government, such as Hindustan Aeronautics Limited and Steel Authority of India Limited.
3. Joint sector industries are owned and operated by the state and individuals or a group of individuals.
4. Maruti Udyog Limited is an example of a joint sector industry. Co-operative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both. Anand Milk Union Limited and Sudha Dairy are success stories of a cooperative venture.

Answer: (c)

Australia has the world’s largest uranium reserves. Approximately 24% of the planet’s uranium is present in Australia now 31%.

Answer: (b)

The third-most abundant element in the Earth’s crust, aluminium makes over eight per cent of the earth’s crust.

It never occurs naturally in its pure state and is usually found in the form of oxide known as bauxite. It is found combined in over 270 different minerals. China is the largest producer of aluminium in the world.

In 2010, China produced over 16800 thousand metric tonnes of aluminium. The second place is occupied by Russia followed by Canada, Australia, United States, Brazil, India, United Arab Emirates, Bahrain, Norway, South Africa, Iceland, Mozambique, Venezuela, and Argentina.

Answer: (b)

Long recognized as the historic heart of the American automotive industry, Detroit took on the nick name “Motor city”.