Economics ยท General Awareness

Economic Sectors and Infrastructure

1,785 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
  1. Agriculture Sector

  2. Service Sector

  3. Manufacturing

  4. Industrial Sector

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Banking is part of the tertiary or service sector of the economy, which provides services rather than goods. The primary sector includes agriculture and mining, while the secondary sector includes manufacturing and industry.

Multiple choice
  1. Banking

  2. Manufacturing

  3. Insurance

  4. Outsourcing

  5. Technology testing

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Manufacturing belongs to the secondary/industrial sector, not the tertiary/services sector. Banking, Insurance, Outsourcing, and Technology testing are all service activities that provide intangible products rather than physical goods.

Multiple choice
  1. Insurance

  2. Poultry farming

  3. Building dams

  4. Cement industry

  5. Automobile industry

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The activities, which are connected with the extraction and production of natural resources and reproduction and development of living organisms, plants, etc. are called primary industries. Poultry farming is a genetic industry and is a type of primary industry.

Multiple choice
  1. Financing

  2. Production

  3. Marketing

  4. Transportation

  5. Human resource management

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marketing refers to all those activities, which facilitate exchange of goods and services from producers to the people who need them, according to their choice of place, time and price. Transportation is a part of marketing and not a separate major business function.

Multiple choice
  1. An activity can be an economic activity in one situation and non-economic in another situation.

  2. Business is considered an economic activity, as it is undertaken with an objective of earning profit.

  3. Entrepot trade is an external trade.

  4. Communication removes the hindrance to information.

  5. Tertiary industries provide services to primary and secondary industries.

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This is incorrect. Advertising removes the hindrances to information.

Multiple choice
  1. Only b and c

  2. Only a and b

  3. Only a and c

  4. All of the above

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All the statements about extractive industries are correct.

Multiple choice
  1. (a) 1 (b) 2 (c) 3 (d) 4

  2. (a) 4 (b) 3 (c) 2 (d) 1

  3. (a) 4 (b) 1 (c) 2 (d) 3

  4. (a) 3 (b) 2 (c) 1 (d) 4

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This matching question correctly pairs UP industries with their locations: Indian Telephone Industry is in Naini (Allahabad), Transformer Factory is in Jhansi, the Chicken (likely truncated in source, should beoultry) Industry is in Lucknow, and the Artificial Parts Manufacturing Corporation is in Kanpur. Option C correctly pairs (a)-4, (b)-1, (c)-2, (d)-3.

Multiple choice
  1. (a) 1 (b) 2 (c) 3 (d) 4

  2. (a) 3 (b) 1 (c) 4 (d) 2

  3. (a) 4 (b) 1 (c) 3 (d) 2

  4. (a) 2 (b) 3 (c) 1 (d) 4

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Matching the industries to their centres: Indian Leather Tanning & Shoe Institute is in Kanpur (a-3), Diesel Locomotive Factory is in Varanasi (b-1), Scooters India Ltd. is in Lucknow Corporation (c-4), and Hindustan Aluminium Corporation is in Renukot (d-2). This matches option B.

Multiple choice
  1. Public Sector

  2. Private Sector

  3. Household Sector

  4. Services Sector

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The household sector contributes the maximum share to India's gross savings, typically accounting for about 60-70% of total gross savings. This includes savings by individuals and families in bank deposits, small savings schemes, life insurance, mutual funds, and other financial instruments. The public and private sectors contribute significantly smaller portions to the aggregate savings.

Multiple choice
  1. Foundry industry

  2. Leather industry

  3. Agriculture Implements industry

  4. Handloom industry

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The handloom industry has traditionally been one of Uttar Pradesh's largest and most significant industries, particularly in regions like Varanasi, Bhadohi, and Mirzapur known for carpet weaving and silk textiles.

Multiple choice
  1. Punjab

  2. Andhra Pradesh

  3. Gujarat

  4. Maharashtra

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Gujarat has been India's pharmaceutical manufacturing hub, hosting the highest concentration of pharma plants and production facilities. The state's favorable industrial policies, infrastructure, and presence of major pharmaceutical companies like Zydus Cadila, Torrent Pharmaceuticals, and Troikaa have cemented its leadership position.

Multiple choice
  1. Retailing

  2. Power

  3. Real estate

  4. Energy

  5. Infrastructure

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to the ASSOCHAM Investment Meter (AIM) study released in 2010, the power sector attracted the highest domestic investments worth Rs. 4,14,327 crore in 2009. This reflected India's massive push to address chronic power shortages and expand generation capacity to meet growing energy demands.