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 industry spends the most money on lobbying?

  1. Pharmaceuticals

  2. Oil and gas

  3. Insurance

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

The pharmaceutical industry spends the most money on lobbying, followed by the oil and gas industry and the insurance industry.

Multiple choice

Which of the following was not a major economic activity in ancient Mesopotamia?

  1. Agriculture

  2. Trade

  3. Manufacturing

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

Fishing was not a major economic activity in ancient Mesopotamia because the region is located far from the sea.

Multiple choice

Which of the following was not a major economic activity in ancient Greece?

  1. Agriculture

  2. Trade

  3. Manufacturing

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

Mining was not a major economic activity in ancient Greece because the region lacked significant mineral resources.

Multiple choice

Which of the following was not a major economic activity in ancient China?

  1. Agriculture

  2. Trade

  3. Manufacturing

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

Navigation was not a major economic activity in ancient China because the region lacked access to major sea routes.

Multiple choice

Which of the following was not a major economic activity in ancient Africa?

  1. Agriculture

  2. Trade

  3. Manufacturing

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

Manufacturing was not a major economic activity in ancient Africa because the region lacked the necessary technology and resources.

Multiple choice

Which of the following was not a major economic activity in ancient Europe?

  1. Agriculture

  2. Trade

  3. Manufacturing

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

Fishing was not a major economic activity in ancient Europe because the region lacked access to major fishing grounds.

Multiple choice

Which industry sector typically consumes the largest share of industrial energy?

  1. Manufacturing

  2. Transportation

  3. Mining

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

Manufacturing industries, such as steel, cement, and chemicals, are major consumers of industrial energy due to their energy-intensive production processes.

Multiple choice

Which of the following is NOT a common energy-intensive industry?

  1. Steel

  2. Cement

  3. Textiles

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

Pharmaceuticals is not typically considered an energy-intensive industry compared to sectors like steel, cement, and textiles.

Multiple choice

Which sector contributes the most to India's Gross Domestic Product (GDP)?

  1. Agriculture

  2. Industry

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

The services sector is the largest contributor to India's GDP, accounting for over 50% of the total output.

Multiple choice

Which economic sector is heavily reliant on the production and utilization of knowledge?

  1. Manufacturing

  2. Agriculture

  3. Services

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

The services sector, which includes industries such as information technology, finance, and healthcare, is heavily dependent on the production and utilization of knowledge.

Multiple choice

Which sector has witnessed a significant increase in women's employment post-economic reforms in India?

  1. Agriculture

  2. Manufacturing

  3. Services

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

The services sector has witnessed a significant increase in women's employment post-economic reforms in India, due to the growth of industries such as IT, healthcare, and education.

Multiple choice

What is the main focus of the Arthashastra?

  1. The role of the state in the economy

  2. The role of the individual in the economy

  3. The role of the market in the economy

  4. The role of money in the economy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The main focus of the Arthashastra is the role of the state in the economy. Kautilya believed that the state should play an active role in the economy, and he advocated for a strong state that could protect the interests of its citizens and promote economic growth.

Multiple choice

What are the main types of rural industries?

  1. Agriculture and allied activities.

  2. Manufacturing and processing industries.

  3. Service industries.

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

Rural industries encompass a wide range of activities, including agriculture and allied activities, manufacturing and processing industries, and service industries.

Multiple choice

Which of the following is not a potential application of sunflower oil in the industrial sector?

  1. Biodiesel production

  2. Lubricant manufacturing

  3. Pharmaceutical formulations

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

While sunflower oil is used in biodiesel production, lubricant manufacturing, and pharmaceutical formulations, it is not commonly employed in textile processing.

Multiple choice

Which provisioning service is essential for the production of paper and wood products?

  1. Timber for construction

  2. Water for irrigation

  3. Minerals for mining

  4. Non-timber forest products
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Timber for construction is a provisioning service that provides wood from trees for the production of paper and wood products. These products include lumber, plywood, and paper, which are essential for various industries and construction projects.