Economics · General Awareness

Economic Sectors and Infrastructure

1,725 Questions

This topic covers the classification of primary, secondary, and tertiary economic sectors, along with their infrastructure requirements. Questions often explore the impact of globalization, privatization, and technology on various industries. This material is frequently tested in SSC, state PSC, and UPSC examinations.

Primary and secondary sectorsBanking and service sectorPrivatization and economic reformsIndustrial growth and laborFive-Year Plans priorities

Economic Sectors and Infrastructure Questions

Multiple choice

Which sector of the economy is known for providing intangible goods and services to consumers and businesses?

  1. Primary Sector

  2. Secondary Sector

  3. Tertiary Sector

  4. Quaternary Sector
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The tertiary sector, also known as the service sector, is responsible for providing intangible goods and services to consumers and businesses.

Multiple choice

What is the relationship between the service sector and the primary and secondary sectors?

  1. Independent and unrelated

  2. Complementary and interdependent

  3. Competitive and adversarial

  4. Mutually exclusive
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The service sector is complementary and interdependent with the primary and secondary sectors, as it provides essential services that support these sectors and facilitate their operations.

Multiple choice

Which of the following is NOT an example of a service industry?

  1. Retail

  2. Manufacturing

  3. Tourism

  4. Healthcare
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Manufacturing is a secondary sector industry involved in the production of physical goods, while retail, tourism, and healthcare are all service industries.

Multiple choice

Which sector was the most affected by the privatization process in India?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Mining
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The manufacturing sector was the most affected by the privatization process in India, with many state-owned enterprises being sold to private companies.

Multiple choice

Which of the following is not a measure of privatization?

  1. Sale of state-owned enterprises to private companies

  2. Deregulation of industries

  3. Reduction of government subsidies

  4. Nationalization of industries
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Nationalization of industries is not a measure of privatization, which generally involves sale of state-owned enterprises to private companies, deregulation of industries, and reduction of government subsidies.

Multiple choice

Which economic activity is primarily associated with rural areas?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Mining
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agriculture is the primary economic activity in rural areas, involving the cultivation of crops and raising of livestock.

Multiple choice

Which sector accounts for the largest share of India's external debt?

  1. Private Sector

  2. Public Sector

  3. Banking Sector

  4. Manufacturing Sector
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The private sector accounts for the largest share of India's external debt, with a占比 of 44.6% as of March 2022.

Multiple choice

Which type of industry is characterized by the production of goods in large quantities using standardized processes?

  1. Primary industry

  2. Secondary industry

  3. Tertiary industry

  4. Quaternary industry
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Secondary industry is characterized by the production of goods in large quantities using standardized processes.

Multiple choice

Which type of industry is characterized by the provision of services rather than the production of goods?

  1. Primary industry

  2. Secondary industry

  3. Tertiary industry

  4. Quaternary industry
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Tertiary industry is characterized by the provision of services rather than the production of goods.

Multiple choice

Which type of industry is characterized by the production of raw materials?

  1. Primary industry

  2. Secondary industry

  3. Tertiary industry

  4. Quaternary industry
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Primary industry is characterized by the production of raw materials.

Multiple choice

Which sector has emerged as the primary driver of economic growth in India in recent decades?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Mining
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The services sector has emerged as the primary driver of economic growth in India, contributing over 60% to the country's GDP.

Multiple choice

Which sub-sector of the services industry has played a significant role in driving infrastructure development?

  1. Tourism

  2. Retail

  3. Healthcare

  4. Information Technology
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Information Technology (IT) sub-sector has played a significant role in driving infrastructure development by creating demand for data centers, telecommunication networks, and other supporting infrastructure.

Multiple choice

Which sector in India is most vulnerable to job losses due to FDI?

  1. Manufacturing

  2. Agriculture

  3. Services

  4. Construction
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The manufacturing sector in India is most vulnerable to job losses due to FDI, as it is the sector that is most exposed to competition from foreign firms.

Multiple choice

Which sector is generally responsible for the largest share of energy consumption?

  1. Industrial

  2. Residential

  3. Commercial

  4. Transportation
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The industrial sector, which includes manufacturing, mining, and construction, typically accounts for the largest share of energy consumption globally.

Multiple choice

Which of the following is an example of a non-market activity that is not included in GDP?

  1. Volunteering

  2. Childcare

  3. Home improvement

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All of the above are examples of non-market activities that are not included in GDP. This is because these activities are not sold in the market and therefore do not generate income.