Industrial Sector — Flashcards
Gujarat Board · Class 12 · Economics
25 flashcards for Industrial Sector (Gujarat Board Class 12 Economics) to test yourself on key terms and facts.
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What was the contribution of industrial sector to India's national income in 2013-14?
Answer
The industrial sector contributed 27% to India's national income in 2013-14 (at constant prices). This shows significant growth from 16.6% in 1951, indicating the increasing importance of industries i…
Define Cottage Industries and provide examples.
Answer
Cottage industries are mainly run by family members with simple equipment, negligible use of electricity and machines, and minimal investment. Examples include Khadi, Papad, Khakhra, and incense stick…
What is the investment limit for Small Scale Industries?
Answer
Small Scale Industries have investment between ₹25 lakhs and ₹5 crores. They utilize labour intensive production techniques and often serve as ancillary industries to big industries. Examples include …
Explain how industrial sector contributes to employment generation in India.
Answer
Industrial sector provides significant employment opportunities. In 1951, only 10.6% of laborers were employed in industries, which rose to 24.3% in 2011-12. Small scale industries particularly contri…
What are the three categories of Public Sector Units?
Answer
The three categories are: 1) Departmental Industries (like Railways, Post) - run directly as government departments; 2) Public Corporations (like LIC, State Transport Corporation) - independent admini…
How does industrial sector help in modernization of agriculture?
Answer
Industries provide modern technology and equipment to agriculture sector including tractors, threshers, submersible pumps, pesticide spraying equipment, chemical fertilizers, and pesticides. This help…
What is the difference between Consumer Goods Industries and Intermediate Goods Industries?
Answer
Consumer Goods Industries produce goods that directly satisfy people's requirements (like ghee, oil, soap, shampoo). Intermediate Goods Industries produce semi-finished products that need further proc…
What are Special Economic Zones (SEZ) and when were they introduced in India?
Answer
SEZs are special geographical areas with different economic laws, introduced on April 1, 2000. Their purpose is to attract foreign investment, develop control-free environment for exports, and make In…
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