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 best explains a basic industry?

  1. Industry that processes agricultural raw materials

  2. Industry that produces goods for daily usage of people

  3. Industry owned by people who pool their resources

  4. Industry that uses light raw materials to produce light goods

  5. Industry that produces goods on which other industries depend
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Basic or key industries are those whose products are considered as raw materials to manufacture other goods, e.g. iron and steel and copper smelting.

Multiple choice

Which of the following conditions is/are considered to classify an industry as a public or a private sector industry?

  1. Raw material used in the industry

  2. Capital investment used in the industry

  3. Ownership of the industry

  4. All of the above

  5. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. An industry in which the government or its agencies undertake economic activities are public sector industries, e.g. BHEL. Industries owned and run by private individuals are private industries, e.g. TATA Steel.

Multiple choice

__________ industry generates the most employment in the Indian economy.

  1. Textile

  2. Iron and steel

  3. Beverage

  4. Cement

  5. Jewellery
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

This is the correct answer. Textile industry contributes 4 per cent towards GDP. It is the only industry in the country, which is self-reliant and complete in the value chain, i.e. from raw material to the highest value added products.

Multiple choice

Which of the following statements about the agro based industries in India is incorrect?

  1. India has the largest installed capacity of spindles in the world.

  2. India still imports good quality long staple cotton even though there has been a significant increase in its production.

  3. India is second as a world producer of sugar.

  4. In recent years, the sugar industry in India has been shifting and concentrating in southern states, especially Maharashtra.

  5. National Jute Policy was formulated in 2005 for the benefit of the jute industry.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Correct Answer: India has the largest installed capacity of spindles in the world.

Multiple choice

FiFi awards are given in_____industry:

  1. Film

  2. Home Appliances

  3. Automobiles

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

The FiFi Awards are annual events sponsored by The Fragrance Foundation to honor the fragrance industry's creative achievements. They are often referred to as the 'Oscars of the fragrance industry.'

Multiple choice

The main occupation of Indians is ______.

  1. industry

  2. mining

  3. pisciculture

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

Agriculture is the backbone of the Indian economy, employing the largest percentage of the workforce. While industry and services are growing, the majority of the rural population still depends on farming and related activities for their livelihood. It contributes significantly to the country's GDP and food security.

Multiple choice

The main industry of Assam is _____.

  1. coffee industry

  2. tea industry

  3. timber industry

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

Assam is world-famous for its tea production, accounting for a significant portion of the global tea market. The state's climate and soil are ideal for growing the Camellia sinensis plant, making tea its primary industry. Assam tea is known for its body, briskness, malty flavor, and strong, bright color.

Multiple choice

Which sector contributes the most to GDP ?

  1. Service sector

  2. Agricultural sector

  3. Primary sector
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The service sector (tertiary sector) is the largest contributor to India's GDP, accounting for more than 50 percent of the total economic output.

Multiple choice

The largest source of National Income in India is

  1. Service Sector

  2. Agriculture

  3. Industrial Sector

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

The service sector (tertiary sector) contributes the largest share to India's Gross Domestic Product (GDP), significantly outpacing both the agricultural and industrial sectors.

Multiple choice

During 2006-07 which sector has shown the highest growth rate?

  1. Service Sector

  2. Manufacturing Sector

  3. Transport and communication

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

During the 2006-07 period, the transport and communication sector experienced a very high growth rate, often cited as the highest within the service sector sub-categories.