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
Which of the following is an example of an extractive industry?
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Farming
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Mining
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Construction
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Retail
B
Correct answer
Explanation
Mining is an extractive industry that involves the extraction of minerals and other geological materials from the earth.
Which of the following is an example of a raw material industry?
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Steel production
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Oil refining
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Furniture manufacturing
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Software development
B
Correct answer
Explanation
Oil refining is a raw material industry that involves the processing of crude oil into various petroleum products.
Which sector of the economy benefits the most from wind energy development?
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Agriculture
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Manufacturing
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Construction
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Transportation
C
Correct answer
Explanation
The construction sector benefits the most from wind energy development, as it creates jobs in the construction of wind turbines and wind farms.
Which sector is most vulnerable to the economic impacts of climate change?
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Agriculture
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Manufacturing
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Services
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Transportation
A
Correct answer
Explanation
Agriculture is highly dependent on climate conditions, and changes in temperature, precipitation, and extreme weather events can have a significant impact on crop yields and livestock production.
Which economic sector is expected to experience the largest job losses due to climate change?
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Renewable energy
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Fossil fuels
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Tourism
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Agriculture
B
Correct answer
Explanation
The transition to a low-carbon economy is expected to lead to job losses in the fossil fuel industry, as demand for coal, oil, and gas declines.
Which economic sector is expected to experience the largest job gains due to climate change?
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Renewable energy
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Fossil fuels
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Tourism
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Agriculture
A
Correct answer
Explanation
The transition to a low-carbon economy is expected to lead to job gains in the renewable energy sector, as demand for solar, wind, and other renewable energy sources increases.
Which economic sector is most vulnerable to the physical impacts of climate change?
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Agriculture
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Manufacturing
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Services
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Transportation
A
Correct answer
Explanation
Agriculture is highly dependent on climate conditions, and changes in temperature, precipitation, and extreme weather events can have a significant impact on crop yields and livestock production.
Which economic sector is most responsible for deforestation?
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Agriculture
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Manufacturing
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Services
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Transportation
A
Correct answer
Explanation
Agriculture is the leading cause of deforestation, as forests are cleared to make way for crops and livestock grazing.
Which economic sector is most vulnerable to the social impacts of climate change?
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Agriculture
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Manufacturing
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Services
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Transportation
C
Correct answer
Explanation
The services sector, which includes industries such as tourism, hospitality, and retail, is particularly vulnerable to the social impacts of climate change, such as changes in consumer behavior and preferences.
Which of the following sectors is the largest contributor to rural GDP?
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Agriculture
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Manufacturing
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Services
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Construction
A
Correct answer
Explanation
Agriculture is the largest contributor to rural GDP, accounting for approximately 40% of the total.
Which of the following industries was a major contributor to the economic growth of the Asian Tigers?
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Electronics
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Textiles
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Automobiles
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Shipbuilding
A
Correct answer
Explanation
The electronics industry was a major contributor to the economic growth of the Asian Tigers, particularly in countries like South Korea and Taiwan.
What is the main import of Bolivia?
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Machinery
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Vehicles
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Foodstuffs
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Chemicals
A
Correct answer
Explanation
Machinery is the main import of Bolivia.
Which industry is most commonly associated with forced labor?
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Agriculture
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Construction
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Manufacturing
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Mining
A
Correct answer
Explanation
Agriculture is the industry most commonly associated with forced labor, accounting for an estimated 70% of all cases.
What was the primary economic activity in medieval Europe?
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Agriculture
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Industry
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Trade
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Mining
A
Correct answer
Explanation
Agriculture was the primary economic activity, with most of the population engaged in farming and cultivating land.
What was the primary economic activity in medieval Europe?
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Manufacturing
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Agriculture
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Trade
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Mining
B
Correct answer
Explanation
Agriculture was the primary economic activity in medieval Europe. The majority of the population was engaged in farming, and the economy was largely based on the production and distribution of agricultural products.