world economic industry trade agriculture section 8 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (c)

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

Answer: (a)

1. China – Shensi
2. Germany – Saar
3. Ukraine – Donetz Basin
4. U.S.A. - Pennsylvania

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.