Economics · General Awareness

Economic Sectors and Infrastructure

1,785 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

The highest fraction of Indian labour force is employed in

  1. agricultural industries

  2. cultivation and agriculture

  3. household sector

  4. textiles

  5. manufacturing
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The majority of the Indian labour force is traditionally engaged in the primary sector, specifically agriculture and cultivation. While other sectors are growing, agriculture remains the largest employer.

Multiple choice

Sectors are classified into public and private sector on the basis of

  1. ownership of enterprise

  2. ownership of government

  3. ownership of country

  4. ownership of states

  5. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sectors are classified into public and private sectors on the basis of ownership of enterprise. Enterprises owned by government are classified as public sector, and privately owned enterprises by individual and companies are classified as private sector, e.g. PSU, State Bank of India are classified under public sector and Airtel, ICICI bank are private sector enterprises.

Multiple choice

The unorganised sector is characterised by small and scattered units which are largely outside the control of the

  1. passengers

  2. government

  3. workers

  4. private sector

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The unorganised sector is characterised by small and scattered units which are largely outside the control of the government. In the unorganised sector, labourers and workers are exploited, paid less and made to work in unsafe conditions. Government has not been able to do much to improve their condition till now.

Multiple choice economics economic thoughts economics thoughts of great thinkers economic thinking economic thought

Which of the following is not the main economic thoughts given by Kautilya.

  1. Establishment of statehood

  2. Trusteeship

  3. Industry

  4. Agriculture & Animal husbandry
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Trusteeship is not the main economic thoughts given by Kautilya. Following are the top economic ideas of Kautilya. 

1. Wealth
2. Agriculture and Animal Husbandry  
3. Labour 
4. Trade 
5. Value 
6. Population 
7. Slavery 
8 Welfare State 
9. Public Finance 
10. Town Planning and Social Security 
11. Private Property  
12. Justification on Interest 
13. Consumption and Production.

Multiple choice sectoral organisation of business private, public and global enterprises business studies

_________ refers to those industries which require huge infrastructure, man power and a have influx of capital assets.

  1. Large scale industries

  2. Small scale industries

  3. Both (a) and (b)

  4. (a) or (b)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Big business involves large-scale corporate-controlled financial or business activities. As a term, it describes activities that run from "huge transactions" to the more general "doing big things".