Commerce Exam > Commerce Videos > Economics Class 12 > Agriculture and Industrial Sector, Importance of Industries, Industrial Policy Resolution
Agriculture and Industrial Sector, Importance of Industries, Industrial Policy Resolution Video Lecture | Economics Class 12 - Commerce
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FAQs on Agriculture and Industrial Sector, Importance of Industries, Industrial Policy Resolution Video Lecture - Economics Class 12 - Commerce
| 1. What is the role of agriculture in the industrial sector? |  |
Ans. Agriculture plays a crucial role in the industrial sector as it provides raw materials for various industries. The agricultural sector produces crops, livestock, and other natural resources that are used as inputs in the manufacturing process of industries such as food processing, textile, and biofuel production.
| 2. How does the industrial sector contribute to the economy? | |
Ans. The industrial sector is essential for economic development as it creates employment opportunities, generates income, and contributes to the GDP of a country. Industries produce goods and services, promoting trade and investment, and driving economic growth.
| 3. What is the significance of industries in a country's development? | |
Ans. Industries are vital for a country's development as they contribute to technological advancement, innovation, and skill development. They promote industrialization and diversification of the economy, reducing dependency on agriculture and increasing productivity and competitiveness in the global market.
| 4. What is the Industrial Policy Resolution? | |
Ans. The Industrial Policy Resolution is a policy document formulated by the government to outline its objectives and strategies for industrial development. It provides a framework for industrial growth, promotes investment, and addresses issues related to infrastructure, technology, labor, and foreign trade.
| 5. How does the Industrial Policy Resolution support the growth of industries? | |
Ans. The Industrial Policy Resolution supports the growth of industries by providing incentives, subsidies, and tax benefits to promote investment and entrepreneurship. It aims to develop industrial infrastructure, encourage research and development, and foster a favorable business environment, leading to the overall growth and competitiveness of industries.
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Oct 24, 2024 Last updated |
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