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
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agricultural sector and rural area
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heavy industries
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banking sector
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real estates
A
Correct answer
Explanation
NABARD (National Bank for Agriculture and Rural Development) is the apex development bank in India for agriculture and rural development.
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sales by the unit
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investment in machines and equipments
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market coverage
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export capacity
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Fertilizers
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Cement
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Heavy electricals
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Silk textiles
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.
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Working of Manager in a bank
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Practising by Chartered Accountant
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Teaching her own son by a teacher at home out of affection
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Selling of products by salesman
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.
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Services
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Trading
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Manufacturing
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Agriculture
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.
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Business
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Profession
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Commercial Services
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Industry
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.
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Nursing <o:p></o:p>
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Transport <o:p></o:p>
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Banking
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.
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Genetic Industries
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Manufacturing Industries
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Extractive Industries
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Construction Industries
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.
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public transport
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steel production
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commercial banking
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chemicals and fertilizers
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Household sector
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Government sector
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Corporate sector
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Service sector
A
Correct answer
Explanation
In India, the household sector has historically been the largest contributor to Gross Domestic Savings, followed by the corporate and public sectors.
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existence of both small and big industries
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existence of both private and public sectors
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existence of both primary and secondary sectors
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none of the above
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.
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local
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national
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perfect
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non profit
B
Correct answer
Explanation
When the trading involves both buyers and sellers of the entire nation, that it is called as a national market. The Cotton and Textiles Market in Mumbai is an example of national market.
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Consumer Goods
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Fertilizer
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Steel
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Pesticides
C
Correct answer
Explanation
POSCO is a major South Korean multinational steel-making company.
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Tea
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Paper
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Jute
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None of these
A
Correct answer
Explanation
The tea industry was the first major plantation industry established in India by the British in the 19th century, predating large-scale paper or jute manufacturing.
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Wheat
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Vegetable
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Newsprint
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Industrial Machinery
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Fertilizers
D
Correct answer
Explanation
Industrial machinery and engineering goods have historically been significant components of UK exports to India, reflecting the trade relationship between the two nations.