Economics · 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 does not belong to the services sector?

  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

Which of the following is considered as an example of primary industry?

  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

Which of the following is not considered as one of the four major business functions?

  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

Which of the following statements is incorrect?

  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

Which of the following statements is/are correct about extractive industries?

a. They include industries which are engaged in raising products from natural resources. b. They supply basic raw materials that are transformed into useful goods by other manufacturing industries. c. In these industries, man cannot add to the wealth which he withdraws from natural resources.

  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

Some of the important industries and their related centres are given below. Match the the industries with their centres. (a) Indian Telephone Industry 1. Jhansi (b) Transformer Factory 2. Lucknow (c) Chicken Industry 3. Kanpur (d) Artificial part Manufacturing Corporation 4. Naini

  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

Which of the following sectors of the Indian Economy contributes the maximum in the gross savings of India?

  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

Which of the following is the largest industry of Uttar Pradesh?

  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

Which sector attracted the highest domestic investments worth Rs. 4,14,327 crore in 2009 according to the ASSOCHAM Investment Meter (AIM) study on corporate investments released in 2010?

  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.

Multiple choice

Subir Raha, who died in 2010, is known for his achievements in which of the following industries?

  1. Steel

  2. Oil & gas

  3. Power

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

Former Chairman and Managing Director of state-run Oil and Natural Gas Corp (ONGC) Subir Raha passed away on February 1, 2010 at the age of 62. Under his leadership (2001-2006), ONGC's overseas arm ONGC Videsh Ltd (OVL) expanded to 24 properties in 14 countries. For ONGC, he launched the Sagar Samriddhi — one of the most ambitious projects in the history of the Indian oil and gas industry — in Sept 2003. During his tenure, ONGC acquired private-sector owned Mangalore Refinery & Petrochemicals Ltd (MRPL) in 2003. Currently Raha was leading Team Raha Ideation, an India-based consulting firm focused on strategic advisory services.