ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Food processing industry
|
|
|
Electronic industry
|
|
|
Both (a) and (b)
|
|
|
None of these
|
Detailed explanation-1: -Electronics industry will be classified under the sunrise industry prior to 1991, so option b is the correct answer. Electronics industry Prior to 1991 was known as the sunrise industry because it had the most importance in the market.
Detailed explanation-2: -The correct answer is the IT industry.
Detailed explanation-3: -The automobile industry is also known as the ‘Sunrise Sector’ in India.
Detailed explanation-4: -A sunrise industry is one that is new or relatively new, is growing fast and is expected to become important in the future. Examples of sunrise industries include hydrogen fuel production, petrochemical industry, food processing industry, space tourism, and online encyclopedias.
Detailed explanation-5: -A new and growing industry especially in electronics and telecommunications is known as the sunrise industry. IT industry is called a sunrise industry as it has grown at a fast pace in last ten years.