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

What is the primary driver of growth in the services sector in India?

  1. Tourism

  2. Financial Services

  3. Information Technology

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

Information Technology (IT) has been the primary driver of growth in the services sector in India, contributing significantly to the country's economic development.

Multiple choice

Which sector of the Media Industry is not open to FDI?

  1. Print Media

  2. Broadcast Media

  3. Digital Media

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

Print Media is not open to FDI in India.

Multiple choice

What are some of the sectors that are open to FDI in India?

  1. Manufacturing

  2. Services

  3. Agriculture

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

FDI is allowed in a wide range of sectors in India, including manufacturing, services, and agriculture.

Multiple choice

What are the main economic activities in the subarctic?

  1. Mining

  2. Forestry

  3. Agriculture

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

The main economic activities in the subarctic are mining and forestry. Mining is important for the extraction of minerals such as gold, copper, and nickel. Forestry is important for the production of timber and pulp.

Multiple choice

Which sector has witnessed significant growth due to ICT advancements?

  1. Manufacturing

  2. Agriculture

  3. Services

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

The services sector, particularly the IT and IT-enabled services industry, has experienced substantial growth due to ICT advancements.

Multiple choice

What was the primary source of revenue for the Hoysala Empire?

  1. Agriculture

  2. Trade

  3. Taxes

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

Agriculture was the primary source of revenue for the Hoysala Empire, with a focus on crops such as rice, sugarcane, and cotton.

Multiple choice

What is the main factor that determines the location of an industry?

  1. Availability of raw materials

  2. Availability of labor

  3. Transportation costs

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

The availability of raw materials is the most important factor that determines the location of an industry. Industries are typically located near the sources of their raw materials to minimize transportation costs.

Multiple choice

What is the main factor that determines the location of a service industry?

  1. Availability of customers

  2. Availability of labor

  3. Transportation costs

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

The availability of customers is the main factor that determines the location of a service industry. Service industries are typically located near their customers to minimize travel time and costs.

Multiple choice

Which of the following is not a type of service industry?

  1. Retail trade

  2. Wholesale trade

  3. Transportation

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

Manufacturing is not a type of service industry. Retail trade, wholesale trade, and transportation are all types of service industries.

Multiple choice

What is the main factor that determines the spatial distribution of service industries?

  1. Transportation costs

  2. Government policies

  3. Natural resources

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

Transportation costs are the main factor that determines the spatial distribution of service industries. Service industries are typically concentrated in areas with low transportation costs.

Multiple choice

What is the main factor that determines the location of a manufacturing industry?

  1. Availability of raw materials

  2. Availability of labor

  3. Transportation costs

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

The availability of raw materials is the main factor that determines the location of a manufacturing industry. Manufacturing industries are typically located near the sources of their raw materials to minimize transportation costs.

Multiple choice

Which of the following is not a type of manufacturing industry?

  1. Food processing

  2. Textile manufacturing

  3. Chemical manufacturing

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

Service industry is not a type of manufacturing industry. Food processing, textile manufacturing, and chemical manufacturing are all types of manufacturing industries.

Multiple choice

What is the main factor that determines the spatial distribution of manufacturing industries?

  1. Transportation costs

  2. Government policies

  3. Natural resources

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

Transportation costs are the main factor that determines the spatial distribution of manufacturing industries. Manufacturing industries are typically concentrated in areas with low transportation costs.

Multiple choice

What is the main factor that determines the location of a retail trade industry?

  1. Availability of customers

  2. Availability of labor

  3. Transportation costs

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

The availability of customers is the main factor that determines the location of a retail trade industry. Retail trade industries are typically located near their customers to minimize travel time and costs.

Multiple choice

Which of the following is not a type of retail trade industry?

  1. Department stores

  2. Grocery stores

  3. Restaurants

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

Manufacturing is not a type of retail trade industry. Department stores, grocery stores, and restaurants are all types of retail trade industries.