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 general knowledge

Which among the following is single large industry of Tripura?

  1. Agriculture

  2. Software

  3. Handloom weaving

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

Handloom weaving is the single largest industry in Tripura, employing a significant portion of the state's workforce and contributing substantially to the economy. While agriculture exists, Tripura is particularly renowned for its handloom products and textile traditions. Software and textile industries are not the primary sectors.

Multiple choice general knowledge

Which among the following is the largest single cottage industry of Manipur?

  1. leather

  2. handloom

  3. sericulture

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

Handloom weaving is Manipur's largest cottage industry, employing thousands of artisans across the state. The state is renowned for its distinctive textiles, including the famous Moirang Phee, Lamthang Khwang, and traditional tribal fabrics that have received Geographical Indication tags.

Multiple choice general knowledge

Which among the following is the main area of business for state trading corporation of India Ltd?

  1. Commodity Trade

  2. International Trade

  3. Domestic Trade

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

The State Trading Corporation of India Limited (STC) was established in 1956 primarily to undertake international trade operations - both exports and imports. While it engages in various trading activities, its main mandate is facilitating India's foreign trade, not domestic or retail commerce.

Multiple choice general knowledge

Which of the following is true in regard to Indian railway?

  1. It is the cheapest means of transportation

  2. The chief source of income is transportation of goods

  3. It is the only largest employer

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

All statements are true about Indian Railways: it is among the cheapest transportation options in India, goods transportation generates significant revenue, and with over 1.3 million employees, it's one of the world's largest employers.

Multiple choice technology platforms and products

Where catia used ?

  1. Aerospace

  2. Automotive

  3. Shipping

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

CATIA is extensively used across multiple industries that require complex 3D modeling and design. The aerospace industry uses it for aircraft design, the automotive industry for vehicle design, and the shipping/marine industry for ship design. Therefore, all the listed industries use CATIA.

Multiple choice

Which of the following statements is/are true?

  1. Agriculture is the largest job provider in any country.
  2. Most of the countries derive income by processing raw food material.
  3. India is one of the largest producers of milk and live stock in the world.

Directions: Answer the given question based on the following passage:

Agriculture occupies a pivotal position for ensuring livelihood, food and nutritional security, sustainable development and eradication of poverty in India. It is the prime sector for generating employment opportunities for majority of the population of any country. 
The contribution of agriculture sector to the national gross domestic product (GDP) has been continuously declining over the years, while other sectors, especially the service sector, are showing an increasing trend. In 1970-71 agriculture sector contributed about 44 per cent of GDP, which declined substantially to 13.5 per cent in 2010-11 (at 2004-05).
During the last decade, there was a paradigm shift in the patterns of production, consumption, and trade in Indian agriculture through the use of new technologies. The shift in production and consumption from food-grains to high-value agricultural commodities such as fruits and vegetables, milk and milk products, meat, eggs, fish etc. took place in a big way. Now there is a declining share of traditional crops/commodities in production, consumption and trade in India. Agriculture, horticulture and other non-traditional high-value, agricultural crops occupy an important place in income growth in rural areas.
Despite being one of the largest producers of many agricultural commodities such as fruits, vegetables, milk and livestock etc. in the world, the extent of value addition to raw food material in India is only 8% while it is 23%, 45% and 188% in China, Philippines and UK respectively. Furthermore, only 2.2% of total fruits and vegetables is processed in India as compared to 30% in Thailand, 80% in Malaysia and 70% in UK.
It is pertinent to mention here that total annual loss during the post harvest operations under agriculture produce is approximately Rs. 88000 crore. This trend can be reversed by properly financing to secondary agriculture, which can lead to 2-3 times value addition to primary agriculture products. Most of the primary agriculture produce requires processing before being finally consumed and the value addition/processing of the farm production to transform it into consumable item which is called secondary agriculture. It includes processing and value addition in all food and non-food products for human, animal and industrial use.

  1. 1 and 2 only

  2. 2 and 3 only

  3. 1 and 3 only

  4. None of these

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

All the given statements are true.

Multiple choice

Which among the following is an economic activity?

  1. Watching movie

  2. Teaching one's own son at home

  3. Medical facilities by charitable hospital

  4. A housewife preparing food for household
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Economic activities: Actions that involve the production, distribution and consumption of goods and services at all levels within a society. Out of the given options, only medical facilities provided by the charitable hospital is an economic activity.

Multiple choice

Primary sector includes

  1. agriculture

  2. banking

  3. transport

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

The primary sector involves extraction and production of raw materials directly from natural resources. Agriculture (crop cultivation, animal husbandry) is the classic example of primary sector activity. Banking, transport, and communication are all service-based activities belonging to the tertiary sector.

Multiple choice

Secondary sector includes

  1. mining

  2. manufacturing

  3. transport

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

The secondary sector includes those economic sectors that produce a finished, usable product production and construction.

Mining                                                - Primary Sector Manufacturing                                  - Secondary Sector Transportation and Banking          - Tertiary Sector

Multiple choice

Tertiary sector includes

  1. forest

  2. banking

  3. manufacturing

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

The tertiary sector provides services rather than goods. Banking is a financial service - it accepts deposits and lends money, facilitating economic activity without producing physical goods. Forest products (primary), manufacturing (secondary), and mining (primary) all involve tangible goods production or extraction.