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
  1. agricultural sector and rural area

  2. heavy industries

  3. banking sector

  4. real estates

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

NABARD (National Bank for Agriculture and Rural Development) is the apex development bank in India for agriculture and rural development.

Multiple choice
  1. Fertilizers

  2. Cement

  3. Heavy electricals

  4. Silk textiles

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

Haridwar is home to the Bharat Heavy Electricals Limited (BHEL) plant, which is a major public sector undertaking. It is a significant hub for the manufacturing of heavy electrical equipment.

Multiple choice
  1. Working of Manager in a bank

  2. Practising by Chartered Accountant

  3. Teaching her own son by a teacher at home out of affection

  4. Selling of products by salesman

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

Right answer because teaching her own son by a teacher at home out of affection at home is not an economic activity, since she would not get any money for it. If she teaches in school or tuitions it is an economic activity since she gets money for it so that is the main reason that it is right answer here.

Multiple choice
  1. Services

  2. Trading

  3. Manufacturing

  4. Agriculture

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

Right answer because banking is an example of services, since the bank provides services to its customers of depositing of money in its bank and also gives loans to its customers and many other services so it is right answer.

Multiple choice
  1. Business

  2. Profession

  3. Commercial Services

  4. Industry

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

Right answer because services provided by doctors and lawyers come under the category of profession. Doctors and lawyers renders the personal services of a specialised nature on the basis of professional knowledge, education and training. A doctor treats a patient through knowledge of his profession, education and experience.

Multiple choice
  1. Advertising <o:p></o:p>

  2. Nursing <o:p></o:p>

  3. Transport <o:p></o:p>

  4. Banking

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

Right answer because Nursing is not a commercial service as it does not support trade, but a personal service. As nursing depends on person to person and is manual work performed by nurse, it is a personal service.

Multiple choice
  1. Genetic Industries

  2. Manufacturing Industries

  3. Extractive Industries

  4. Construction Industries

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

Right answer Because It is related to extraction of useful materials from beneath the surface of earth and sea. In mining and fishing also we do so. For ex - ex mining of iron ore, gold etc from the earth. Fishes are also taken out from water in fishing.   

Multiple choice
  1. existence of both small and big industries

  2. existence of both private and public sectors

  3. existence of both primary and secondary sectors

  4. none of the above

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

A mixed economy is an economic system that combines elements of both capitalism (private sector) and socialism (public sector), allowing for both market forces and government intervention.