ch25 South Asian Industries

What economic system did India begin moving towards in 1991?

• Socialist economy

• Free market economy

• Mixed economy

• Command economy

Which industry employs thirty-eight million Indians?

• Heavy industry

• Service industry

• Textile industry

• High-technology industry

What is a characteristic of a free market economy?

• Government controls the market

• Market forces of supply and demand control the market

• Equal sharing of production means

• Discouragement of foreign investment

What is a major light industry in South Asia?

• Automobile production

• Textile production

• Shipbuilding

• Electronics manufacturing

Which countries in South Asia are involved in recycling old ships?

• India, Pakistan, and Bangladesh

• India, Sri Lanka, and Nepal

• Pakistan, Bangladesh, and Bhutan

• Bangladesh, Nepal, and Maldives

What sector has grown rapidly in South Asia, making India the world's second-largest exporter of software?

• Agriculture sector

• High-technology sector

• Textile sector

• Heavy industry sector

What was the economic approach of India immediately after independence?

• Capitalist policies

• Socialist policies

• Free market policies

• Liberal policies

what India's government also preferred to be economically self ?

• self-reliant or self-sufficient
• import-reliant
• financially unstable
• economically dependent
• dicourating foreign investment

what was a short-term success that was followed by a slowdown in India?

• Increased foreign investment without any economic impact
• self-sufficient, discouraging foreign investment

• Agricultural reforms leading to consistent productivity
• Rapid industrialization in the 1990s with sustained growth

when India began welcome foreign companies and investores

• During the 1990s

• During the 1970s

• During the 1960s

• During the 1980s