Industries

What does the Secondary Sector mainly involve?

• Extraction of raw materials

• Processing raw materials into finished goods

• Services such as banking and transport

• Agricultural activities

Which industry is considered a major part of the Secondary Sector in India?

• Fishing

• Information Technology

• Iron and Steel

• Tourism

Which of the following is NOT a characteristic of the Secondary Sector?

• It produces goods from raw materials

• It includes industries like construction and manufacturing

• It provides services like healthcare and education

• It creates value by transforming natural resources

A firm owned and managed by the government is known as a:

• Private Firm

• Public Firm

• Cooperative Firm

• Joint Firm

Which of the following is an example of a private sector firm?

• Indian Oil Corporation

• Tata Group

• Air India

• Indian Railways

A cooperative firm is usually owned and run by:

• Government officials

• Private individuals

• A group of people for their mutual benefit

• Foreign companies

Joint sector firms are a collaboration between:

• The government and private individuals

• Two private companies

• Government and foreign investors

• Private companies and multinational corporations

Which of the following is a multinational firm?

• LIC (Life Insurance Corporation)

• Coca-Cola

• Indian Oil Corporation

• Hindustan Unilever

A firm that operates in more than one country and has a global presence is called a:

• Cooperative firm

• Multinational corporation

• Private firm

• Joint firm

In a private sector firm, the ownership and management are in the hands of:

• The government

• Private individuals or companies

• A group of people for mutual benefit

• Foreign investors