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 sector has emerged as the largest employer 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 emerged as the largest employer in India, contributing over 50% of the country's GDP and employing over 60% of the workforce.

Multiple choice

Which sub-sector of the services sector has witnessed the most rapid growth in recent years?

  1. Financial services

  2. Information technology

  3. Retail and wholesale trade

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

The information technology sub-sector has witnessed the most rapid growth in recent years, driven by the increasing adoption of digital technologies across various industries.

Multiple choice

Which segment of the labor market typically has the highest wages and job security?

  1. Primary Sector

  2. Secondary Sector

  3. Tertiary Sector

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

The primary sector, which includes industries such as agriculture, mining, and construction, typically offers higher wages and job security compared to other sectors.

Multiple choice

What is the main characteristic of the secondary sector in labor market segmentation?

  1. High-Skilled Labor

  2. Low-Skilled Labor

  3. Routine Tasks

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

The secondary sector, which includes manufacturing and assembly industries, is characterized by routine tasks and standardized production processes.

Multiple choice

Which sector has witnessed the highest growth in exports under the Make in India campaign?

  1. Automobile

  2. Pharmaceuticals

  3. Electronics

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

The pharmaceuticals sector has witnessed the highest growth in exports under the Make in India campaign, followed by the automobile and electronics sectors.

Multiple choice

What is the primary factor responsible for the growth of the tourism industry in India?

  1. Historical Monuments

  2. Natural Beauty

  3. Cultural Heritage

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

India's rich cultural heritage, including historical monuments, diverse traditions, and festivals, is a major attraction for tourists from around the world.

Multiple choice

Which of the following is NOT a common source of data for industry-specific economic forecasting?

  1. Government statistics

  2. Industry reports and publications

  3. Company financial statements

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

While consumer surveys can provide valuable insights into consumer preferences and behavior, they are not typically considered a common source of data for industry-specific economic forecasting. Government statistics, industry reports, and company financial statements are more commonly used for this purpose.

Multiple choice

Which sector in India has historically attracted the highest FDI inflows?

  1. Manufacturing

  2. Services

  3. Agriculture

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

The services sector in India, including sectors like telecommunications, financial services, and IT, has consistently attracted the highest FDI inflows.

Multiple choice

Which of the following is the most energy-intensive industry in India?

  1. Iron and Steel

  2. Cement

  3. Textiles

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

The iron and steel industry is the most energy-intensive industry in India, accounting for over 10% of the country's total energy consumption.

Multiple choice

What was the primary economic activity in feudal society?

  1. Agriculture

  2. Trade

  3. Manufacturing

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

Agriculture was the primary economic activity in feudal society, with most people working on manors to produce food and other goods.

Multiple choice

Which sector employs the largest number of child laborers in India?

  1. Agriculture

  2. Manufacturing

  3. Services

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

Agriculture employs the largest number of child laborers in India, followed by manufacturing, services, and mining.

Multiple choice

According to the Rostow's Stages of Economic Growth model, which stage is characterized by the shift from traditional agriculture to modern industry?

  1. Traditional Society

  2. Preconditions for Take-off

  3. Take-off

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

In Rostow's model, the "Take-off" stage is characterized by the rapid growth of modern industry and the shift away from traditional agriculture.

Multiple choice

Which of the following is not a sector covered under PMKVY?

  1. Manufacturing

  2. Construction

  3. Retail

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

Agriculture is not a sector covered under PMKVY.

Multiple choice

Which sector typically receives the largest share of energy subsidies globally?

  1. Transportation

  2. Agriculture

  3. Electricity

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

The electricity sector often receives the largest share of energy subsidies due to its importance in providing reliable and affordable energy to consumers.

Multiple choice

Which sector has consistently contributed the largest share to India's GDP in recent years?

  1. Agriculture

  2. Manufacturing

  3. Services

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

The services sector has consistently contributed the largest share to India's GDP in recent years, accounting for over 50% of the total GDP.