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WorksheetsIndustrial Economics
Total questions: 20
Worksheet time: 10mins
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
Who propounded the Theory of Industrial Location based on transport and labor costs?
Alfred Marshall
Max Weber
Sargant Florence
Adam Smith
Name the raw materials which are available only in a particular area.
Gross Materials
Stock
Ubiquities
Localized
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
Select the option that does not play a major role in deciding industrial location
Raw materials
Ubiquities
Resources
Capital
Localization of industry helps in:
Duplication of efforts
High cost of production
Development of skilled labor and supporting industries
Reduction in productivity
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
Identify the concept used by Weber to determine industrial location.
Price index
Material index
Wage index
Weight index
Select the type of labour supply that supports the growth of industries.
Less
Large
Adequate
Restricted
The difference between location and localization is that
Location refers to a single unit; localization refers to group of industries
Location means rural industries; localization means urban industries
Location is about finance; localization is about technology
Location applies only to agriculture; localization applies to industry
Identify the term which provides advantage in the production and marketing of a commodity.
Agglomerative factor
Primary factor
Deglomerative Factor
Secondary factor
Name the method adopted by Florence.
Deductive
Inductive
Correct
Statistics
Identify the factors that was not given importance by Weber.
Labour
Capital
Raw material
Non-economic
Name the person who emphasized only transport cost, and labour cost to influence industrial location.
Lord Beveridge
Florence
Karl Marks
Alfred Marshall
Identify the other term weight gaining materials.
Original
Gross
Pure
Scarce
Name the person who gave the concept Planned location.
Lord Beveridge
Sargent Florence
Lord Weber
Lord Marx
Find the other name for Gross materials.
Weight losing materials
Weight gaining material
Weight equalizing material
Weight adding material
Industries prefer areas with many workers because
It creates traffic jams
Workers help produce goods
It attracts more animals
It makes the place cold
Good transport helps industries by
Making the area crowded
Helping them move goods faster and cheaper
Increasing the number of tourists
Building more houses
Weber’s theory explains industrial location based on
The attraction of natural beauty and culture
The desire of industries to be close to markets only
The minimization of transport and labor costs
The need to build large cities for workers
