Economics ยท 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 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.

Multiple choice

Which industry sector has the greatest potential to contribute to the circular economy?

  1. Manufacturing

  2. Agriculture

  3. Construction

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

The manufacturing sector has the greatest potential to contribute to the circular economy due to its significant role in product design, material selection, and production processes. By adopting circular economy principles, manufacturers can reduce waste, improve resource efficiency, and create more sustainable products.

Multiple choice

Which sector was the primary focus of the liberalization policies?

  1. Agriculture

  2. Industry

  3. Services

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

The liberalization policies primarily targeted the industrial sector, aiming to remove restrictions and promote competition.

Multiple choice

Which sector was the primary target of the disinvestment policy?

  1. Public sector banks

  2. Public sector insurance companies

  3. Public sector manufacturing companies

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

The disinvestment policy aimed to reduce government ownership in various sectors, including public sector banks, insurance companies, and manufacturing companies.

Multiple choice

Which sectors are expected to benefit the most from the India-EU FTA?

  1. Agriculture

  2. Manufacturing

  3. Services

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

The India-EU FTA is expected to benefit a wide range of sectors, including agriculture, manufacturing, and services. It is expected to increase trade flows in both directions and boost economic growth in both regions.

Multiple choice

What were some of the main economic activities that took place in medieval towns?

  1. Agriculture

  2. Manufacturing

  3. Trade

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

Medieval towns were centers of economic activity, where people engaged in a variety of economic activities, including agriculture, manufacturing, and trade.

Multiple choice

Which of the following is NOT considered a cultural industry?

  1. Film and television production

  2. Publishing

  3. Music recording

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

Tourism is not typically considered a cultural industry, as it is not directly related to the production, distribution, or consumption of cultural goods and services.

Multiple choice

What is the term used to describe the policy framework that aims to support and promote the development of cultural industries?

  1. Cultural industries policy

  2. Creative industries policy

  3. Cultural economy policy

  4. Cultural sector policy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cultural industries policy is a policy framework that aims to support and promote the development of cultural industries.

Multiple choice

Which industry has the highest percentage of unionized workers?

  1. Manufacturing

  2. Construction

  3. Transportation

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

The industry with the highest percentage of unionized workers is government.

Multiple choice

Which provisioning service is utilized for the production of medicines and pharmaceuticals?

  1. Water

  2. Minerals

  3. Plants

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

Plants provide a valuable provisioning service by offering a diverse range of compounds used in the production of medicines and pharmaceuticals, contributing to human health and well-being.

Multiple choice

Which of the following is NOT a key sector for climate change mitigation in India?

  1. Energy

  2. Agriculture

  3. Forestry

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

All of the options are key sectors for climate change mitigation in India.

Multiple choice

Which of the following is NOT a sector covered under India's Perform, Achieve, and Trade (PAT) Scheme?

  1. Thermal Power Plants

  2. Cement Industry

  3. Textile Industry

  4. Iron and Steel Industry
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Textile Industry is not covered under the PAT Scheme. The scheme focuses on energy efficiency improvements in specific energy-intensive sectors, including thermal power plants, cement, iron and steel, and aluminum.

Multiple choice

Which of the following is NOT a sector of the economy that is typically associated with industrialization?

  1. Manufacturing

  2. Construction

  3. Agriculture

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

Agriculture is not typically associated with industrialization, as it is a primary sector activity.

Multiple choice

Which provisioning service is most important for income and livelihoods?

  1. Crops

  2. Livestock

  3. Fish

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

All of the above provisioning services can provide income and livelihoods, depending on the specific context and the type of ecosystem service.

Multiple choice

Which industry experienced the most significant growth during World War I?

  1. Agriculture

  2. Manufacturing

  3. Transportation

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

The manufacturing industry experienced the most significant growth during World War I. The war created a huge demand for weapons, ammunition, and other military supplies, which led to a boom in manufacturing output.