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 economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

Small Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding _______.

  1. Rs.15 Lakh

  2. Rs.5 crore

  3. Rs.10 crore

  4. Rs.1 crore
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the MSME Development Act, a small enterprise in the manufacturing sector is defined by an investment in plant and machinery between Rs. 25 lakh and Rs. 5 crore.

Multiple choice economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

Medium Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding ______.

  1. Rs. 10 crore

  2. Rs. 5 crore

  3. Rs. 100 crore

  4. Rs. 1 crore
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the MSME Development Act, a medium enterprise in the manufacturing sector is defined by an investment in plant and machinery between Rs. 5 crore and Rs. 10 crore.

Multiple choice economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

Micro Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding _______.

  1. Rs.25 Lakh

  2. Rs. 5 crore

  3. Rs. 10 crore

  4. Rs. 1 crore
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

According to the MSME Development Act in India, a micro enterprise in the manufacturing sector is defined by an investment in plant and machinery not exceeding Rs. 25 Lakh. This was the historical threshold before recent revisions.

Multiple choice geography the climate and natural resources of gujarat soil, natural vegetation and wildlife in gujarat introduction to weather and climate elements of weather and climate : temperature structure of the atmosphere

What is a primary activity of the people of Gujarat?

  1. Trading

  2. Manufacturing

  3. Agriculture

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Agriculture is the primary occupation for a large portion of the population in Gujarat, despite the state's industrial growth.

Multiple choice geography europe - location, political divisions and physical features tourism location, political and physical divisions of europe tour and travel management

What is the main industrial production in Switzerland?

  1. Cotton textile

  2. Motor-cars

  3. Watch and clocks

  4. Cement
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Switzerland was involved with watchmaking from the beginning of watch design; they earned a reputation for making luxury watches as early as around the 16th Century and set a standard for quality.

Swiss inventors helped move along the history of the watch, with vast input into automatic or self-winding watches. In the 20th Century, Switzerland had particular involvement in innovating and driving new watch technology. The first electronic quartz watches were developed in Switzerland in the 1960s. Swiss Made watches have a reputation for being of the highest quality and watches with this label must meet certain standards according to Swiss Law.

Today some of the top watch brands are Swiss Made including Breitling, Longines, Omega and Heuer. We work closely with these and other watch brands who can flaunt the Swiss Made label to bring you their desirable watch collections.
Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

Which is the fastest growing sector of Maharashtra's economy?

  1. Agricultural Sector

  2. Industrial Sector

  3. Service Secor

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

Service sector consists of insurance, tourism, retail banking, education and social services. Service sector includes provision of services to business as well as final consumers. It is the largest employment generating and fastest growing sector of economy. 

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

The core areas for development of service sector include:

  1. Fintech

  2. IT/ITES

  3. Cloud Computing

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The core areas for development of service sector include Fintech, IT/ITES, Start ups, cloud computing, electric vehicles, defence, tourism and private universities. Government has also tried to expand the service sector by various activities in Tier II cities.

Multiple choice civics our life in society man's lifestyle in a society tracing changes through a thousand years medieval india: society, resources and trade buildings, paintings and books

What kind of industries and occupations help to fulfill our needs?

  1. Manufacturing paper

  2. Printing

  3. Book binding

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A variety of industries and occupations help to fulfill our needs. For example, we need books for studying, and paper for books. That is why occupations like manufacturing paper, printing, book binding, etc also develop. Many people contribute to this process.

Multiple choice geography mineral and energy resources - ii mineral resources - coal - fields energy resources energy and power resources

Petrochemical industries are located close to ______.

  1. Petroleum refineries

  2. Petroleum fields

  3. Petroleum pipelines

  4. Markets of petroleum products
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A petroleum refinery is a place where crude oil dug out from earth is processed and refined to produce final useful products like petrol, diesel, heating oil, kerosene and LPG etc.

Petrochemical industries are located close to refineries because transportation of petroleum and its products are always dangerous hence the distance is always kept minimised.

Multiple choice civics child rights and child protection towards gender equality caste discrimination and the struggle for equality general consciousness human rights

Agricultural laborers, small and marginal farmers, forest workers, beedi rollers, garment makers, construction workers, who are main labor group in Tamil Nnadu are included in ___________.

  1. Unorganised sector

  2. Organised sector

  3. Both A and B

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agricultural laborers, small and marginal farmers, forest workers, beedi rollers, garment makers, construction workers, who are main labor group in Tamilnadu are included in unorganized sector in which working conditions are not fixed.

Multiple choice geography trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

What is the major export of Tamil Nadu?

  1. Textile goods

  2. Drugs and pharmaceuticals

  3. Chemicals

  4. Leather and leather goods

  5. All of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

The major exports of Tamil Nadu include:

1. Textile goods
2. Drugs and pharmaceuticals
3. Chemicals
4. Leather and leather goods
5. Engineering goods
6. Ores and minerals
7. Software and electronics

Multiple choice geography trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

What are the major imports of Tamil Nadu?

  1. Mineral fuels and oils

  2. Electrical machinery equipment

  3. Iron and steel

  4. Natural and cultured pearls

  5. All of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Major imports of Tamil Nadu include:

1. Mineral fuel and mineral oil
2. Electrical machinery equipment and spare parts
3. Iron and steel and articles of iron and steel
4. Natural and cultured pearls
5. Organic chemicals
6. Plastics and articles
7. Vegetable fats and oil products