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
What is the primary economic activity in a tourist destination?
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Agriculture
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Manufacturing
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Services
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Mining
C
Correct answer
Explanation
Tourism and hospitality are service industries that provide goods and services to visitors.
What is the main economic activity in Paraguay?
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Agriculture
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Industry
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Services
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Tourism
A
Correct answer
Explanation
Agriculture is the main economic activity in Paraguay, with major crops including soybeans, corn, wheat, and sugarcane.
Which sector is responsible for the largest share of global energy consumption?
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Transportation
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Industry
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Residential and commercial buildings
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Agriculture
B
Correct answer
Explanation
The industrial sector is responsible for the largest share of global energy consumption, accounting for about 30% of total energy use.
Which sectors of the European economy received the most assistance under the Marshall Plan?
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Agriculture.
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Manufacturing.
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Transportation.
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Energy.
B
Correct answer
Explanation
Manufacturing was the primary sector that received the most assistance under the Marshall Plan, as it was seen as essential for economic recovery and growth.
Which of the following industries commonly offers vocational training programs?
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Manufacturing
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Healthcare
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Information technology
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All of the above
D
Correct answer
Explanation
Vocational training programs are available in a wide range of industries, including manufacturing, healthcare, information technology, and many more.
What is the primary economic activity associated with forests?
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Logging
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Agriculture
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Mining
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Tourism
A
Correct answer
Explanation
Logging, or the harvesting of timber, is the primary economic activity associated with forests, as it provides valuable raw materials for various industries.
Which of the following industries was heavily reliant on cheap labor during the colonial era?
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Mining
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Agriculture
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Manufacturing
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All of the above
D
Correct answer
Explanation
All of the industries listed were heavily reliant on cheap labor during the colonial era. Mining required large numbers of workers to extract minerals from the earth, agriculture required large numbers of workers to plant and harvest crops, and manufacturing required large numbers of workers to operate machinery and assemble products.
Which economic sector is most vulnerable to the indirect effects of oil spills?
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Tourism
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Manufacturing
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Agriculture
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Transportation
A
Correct answer
Explanation
The tourism sector is particularly susceptible to the indirect effects of oil spills, as oil contamination can damage beaches, marine life, and the overall aesthetic appeal of coastal areas, leading to a decline in tourism revenue.
What was the primary economic activity in most Renaissance city-states?
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Agriculture
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Manufacturing
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Trade
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Mining
C
Correct answer
Explanation
Trade was the primary economic activity in most Renaissance city-states, as they were often located along important trade routes and had access to ports.
What is the main idea behind the concept of 'footloose industries'?
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Industries tied to natural resources
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Industries with high transportation costs
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Industries with strong agglomeration economies
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Industries with low production costs
D
Correct answer
Explanation
Footloose industries are those that are not tied to a specific location due to low production costs and minimal reliance on natural resources or specialized labor. These industries can easily relocate to areas with favorable business conditions.
Which of the following industries is NOT likely to benefit from MEC?
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Healthcare
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Manufacturing
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Retail
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Education
D
Correct answer
Explanation
MEC is primarily focused on providing low-latency and real-time processing capabilities, which are more relevant to industries such as healthcare, manufacturing, and retail. Education, on the other hand, typically does not require such stringent latency requirements.
What is the economy of Venezuela?
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Oil-based
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Agriculture-based
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Industrial-based
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Service-based
A
Correct answer
Explanation
Venezuela's economy is heavily dependent on oil, which accounts for over 90% of the country's exports.
What are the main exports of Venezuela?
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Oil
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Natural gas
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Minerals
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Agricultural products
A
Correct answer
Explanation
Venezuela's main exports are oil, natural gas, minerals, and agricultural products.
The ongoing trade war between the United States and China has had a significant impact on which economic sector?
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Agriculture
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Manufacturing
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Technology
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Services
B
Correct answer
Explanation
The trade war between the United States and China has primarily affected the manufacturing sector, as both countries have imposed tariffs on each other's goods.
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Textiles, apparel, and leather products
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Heavy automotive and aerospace engineering
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Software development and IT services
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Renewable energy and solar panel manufacturing
A
Correct answer
Explanation
Textiles, apparel, and leather products are the sectors most favored by the new tariff structure, aimed at enhancing India's manufacturing exports.