indian industries & trade section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (d)

Mumbai-Maharashtra is the most important cotton manufacturing centre in India. Gujarat is the second largest producer of cotton textile in India and Ahmedabad is the largest centre. The other important cotton textile centres of Gujarat are Vadodara, Surat and Porbandar, etc.

Answer: (a)

Industrialization, in its crudest meaning, entails iron and steel industry. This industry formed the foundation of the Industrial Revolution in England and the later dissemination to other countries. It is one of the most essential industries which propel industrial development.

Answer: (b)

Domestic trade, also known as internal trade or home trade, is the exchange of domestic goods within the boundaries of a country. This may be subdivided into two categories, wholesale and retail. Wholesale trade is concerned with buying goods from manufacturers or dealers in large quantities and selling them in smaller quantities to others who may retailers or even consumers.

Wholesale trade is undertaken by wholesale merchants or wholesale commission agents. The importance of domestic trade in a country is that it facilitates the exchange of goods within the country.

By doing this also makes sure that factors of production reach the right places so that the economy of the country can grow.

By allowing all different types of goods and services to reach all parts of the country it improves the standard of living of the residents of the country as well as the employment rate of the country. And it helps the growth of the industry by ensuring the availability of raw materials.

Answer: (d)

Answer: (b)