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 geography crafts and industries development of industries in india traditional crafts and decline of indian industries impact of british rule on kerala

After textiles India's second most important industry is _____.

  1. Jute

  2. Iron and steel

  3. Coal

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

Iron and steel production emerged as the second most significant industrial sector in India following the establishment of modern factories in the early 20th century.

Multiple choice history development of industries in india traditional crafts and decline of indian industries impact of british rule on kerala crafts and industries

Till the First World War, a large sector of Indian Industries was controlled by _________.

  1. Confederation of Indian Industries

  2. Banks

  3. Joint Stock Companies

  4. European Managing Agencies
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

European managing agencies controlled a large sector of Indian industries. Three of the biggest ones were: Bird Heiglers & Co., Andrew Yule, and Jardine Skinner & Co. 

They mobilised capital, set up joint stock companies and managed them.

Multiple choice social science poverty : challenge facing india programmes for poverty eradication poverty as a challenge poverty: an economic challenge for india public health and the government constraints in economic development of rajasthan

Poor in the __________ sector majorly consists of landless agricultural labourers, marginal and small farmers and backward classes as well as backward tribes.

  1. urban

  2. rural

  3. tertiary

  4. both B & C
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the rural sector, poverty is predominantly found among landless laborers, small farmers, and marginalized social groups.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Which one of the following is amongst India's major import items?

  1. Jute

  2. Wheat and rice

  3. Ayurvedic medicines

  4. Oil and petroleum products
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

One of India's most major import items is oil and petroleum products. Oil and petroleum are the highest imported products due to its demand and scarcity in India.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Which among the following is not grouped as Primary product under the commodity composition of India's exports?

  1. Agricultural and allied

  2. Ores and minerals

  3. Textiles

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

A textile is a flexible material consisting of a network of natural or artificial fibres. Yarn is produced by spinning raw fibres of wool, flax, cotton, hemp, or other materials to produce long strands.Textiles are formed by weaving, knitting, crocheting, knotting, felting, or braiding.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

_________ has emerged as the main categories of India's exports of services.

  1. Hardware

  2. Hospitality

  3. Software

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

According to the latest Nasscom rankings,Tata Consultancy Services Ltd., Infosys Technologies Ltd. and Wipro Technologies Ltd are the top 3 revenue generators in India. Check out the top ten players in the Indian software industry. Founded in 1968, TCS is one of India's largest corporate houses.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Which one of the following is not amongst India's major import items?

  1. Ayurvedic medicines

  2. Oil and petroleum products

  3. Pearls and precious stones

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

India produces ayurvedic medicines on a large scale and even exports them. India imports oil and petroleum products, pearls and precious stones, machinery but they do not import ayurvedic medicines.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

What is the principal item of export in India (1992-93)?

  1. Pepper

  2. Oil cakes

  3. Coffee

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

In the early 1990s, handicrafts were a major component of India's export basket, reflecting the country's traditional strengths in labor-intensive goods.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

The State Trading Corporaton includes
1. The Cashew Corporation of India
2. The Handicrafts and Handloom Export Corporation
3. The State Chemicals and  Pharmaceuticals Corporation
4. The Central Cottage Industries Export Corporation
Which is correct?

  1. 1, 2 and 4

  2. 2, 3 and 4

  3. 1 and 3

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

The State Trading Corporation of India (STC) acts as an umbrella organization for various export-oriented subsidiaries. All the listed entities, including the Cashew Corporation and the Handicrafts and Handloom Export Corporation, are associated with or subsidiaries of the STC.

Multiple choice history contribution of madhya pradesh in freedom struggle the age of industrialisation emerging from the shadow of china the nationalist movement in indo-china

Indian industrialists were in control of the _____ industry.

  1. Textile

  2. Iron and steel

  3. Cement

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

Indian industrialists were primarily in control of the textile industry, as it required less initial capital compared to heavy industries like iron and steel.

Multiple choice evs - i infectious diseases and how to prevent them energy and health infectious diseases - transmission and prevention credit

The world's largest industry in the private sector and highest projected generator of jobs is ________.

  1. Business services

  2. Health services

  3. Professional services

  4. Education services
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The health services industry is widely recognized as one of the largest and fastest-growing sectors globally, serving as a major generator of employment.