Industrial Economics

Industrial Economics

University

20 Qs

quiz-placeholder

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Industrial Economics

Industrial Economics

Assessment

Quiz

Design

University

Practice Problem

Hard

Created by

A Archana

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term “industrial location” refers to

The process of industrialization

The geographical site selected for setting up an industry

The sources of industrial finance

The policies regulating industries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who propounded the Theory of Industrial Location based on transport and labor costs?

Alfred Marshall

Max Weber

Sargant Florence

Adam Smith

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name the raw materials which are available only in a particular area.

Gross Materials

Stock

Ubiquities

Localized

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Weber, the two main factors affecting industrial location are

Capital and Labour

Transport cost and labor cost

Government policy and demand

Land price and technology

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the option that does not play a major role in deciding industrial location

Raw materials

Ubiquities

Resources

Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Localization of industry helps in:

Duplication of efforts

High cost of production

Development of skilled labor and supporting industries

Reduction in productivity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of industrial localization in India is:

IT industry in Bengaluru

Cotton textile industry in Mumbai

Jute industry in Kolkata

All of the above

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