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
_____ is an example for a large scale industry.
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Iron and steel industries
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Sugar industries
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Food processing industries
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None of these
A
Correct answer
Explanation
Large scale industry employs
large number of persons and consumes vast quantity of power. Huge capital
investment is needed. Iron and steel
industry, textile industry, manufacture of heavy machinery, locomotives and
railway rolling stock, automobiles, shipbuilding are some examples of large scale industry.
Most of the _____ factories in Tamil Nadu are in the co-operative sector.
A
Correct answer
Explanation
Tamil Nadu Sugar industry is responsible for about 10% of the
total sugar production in India. Majority of sugar units in Tamil Nadu lies
with the cooperative sector, with some private players' also gathering
momentum.
What is a joint sector of industries?
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When function under partnership of government and private companies
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When function under ownership of individuals
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When function under ownership of co-operatives
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None of these
A
Correct answer
Explanation
The term 'joint sector' is applied to an undertaking only when both its
ownership and control are effectively shared between public sector agencies and a private group. The basic idea underlying the
concept is combination of joint ownership, joint control and professional
management.
Which industry is doing very well in Tamil Nadu?
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Mineral-based industry
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Food-beverage industry
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Agro-based industry
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Forest-based industry
B
Correct answer
Explanation
Tamil Nadu has a significant and well-developed food and beverage processing industry, supported by its strong agricultural base.
A majority of sugar mills in Tamil Nadu are functioning under the _____ sector.
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Public sector
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Private sector
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Co-operative sector
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Tertiary sector
C
Correct answer
Explanation
A majority of sugar mills in Tamil Nadu are functioning
under the co-operative sector. The sugar industry is one of the largest
agro-based industries next to textiles. There are 47 sugar mills in Tamil
Nadu comprising of 16 under co-operative sector and 28 under private sector.
Which is the most important occupation of the people in Velds?
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Automobile manufacturing
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Fishing
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Rubber plantation
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Sheep rearing
D
Correct answer
Explanation
Sheep rearing is a major and traditional occupation in the Velds, particularly for the production of wool, which is a significant industry in the region.
Why were a number of steel plants initially set up in the public sector?
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Steel mills yield quick returns by way of profits
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Steel plants offer great employment opportunities
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Steel is a basic to industrial development
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Steel production is necessary for country's defence needs
C
Correct answer
Explanation
Iron and steel is a basic industry and forms the backbone of industrial development in any country. It provides raw material for making machinery, electrical machinery, defence equipment, railway tracks, railways engines, bridges, dams, shops, automobiles, houses and a host of other industrial and consumer goods.
Which one of the following is not true regarding the Iron and Steel industry in India?
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India is the largest producer of sponge iron
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Most of the public sector undertakings market their steel through the Steel Authority of India
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Chhotanagpur Plateau region has the maximum concentration of iron and steel industries
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As a leading iron and steel producing country, India does not need to import steel from other countries
D
Correct answer
Explanation
As a leading iron and steel producing country, India does not need to import steel from other countries
Bhilai is associated with the _______.
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Cotton industry
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Silk industry
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Iron and steel industry
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Sugar industry
C
Correct answer
Explanation
Bhilai is associated with the Iron and steel industry. Bhilai steel plant was set up with Russian collaboration in Durg district of Chattisgarh in 1959. This steel plant lies on the Kolkata- Mumbai railway route. The bulk of steel produced from this plant goes to Hindustan Shipyard at Vishakhapatnam.
For which of the following manufacturing industries does India have the most natural resources?
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Glass Synthetic rubber
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Synthetic rubber
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Iron and Steel
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Aluminium
C
Correct answer
Explanation
India is fairly rich in iron ore deposits and some amount of iron is found in practically all parts of the country. India is the largest producer of iron in the Asian continent and is one of the largest iron-producing countries in the world.
On the basis of ownership, in which sector can the Bhilai steel plant be put?
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Tertiary Sector
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Private Sector
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Insurance Sector
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Public Sector
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None of these
D
Correct answer
Explanation
On the basis of ownership, Industries are classified into four categories which are -
(1) Private Sector Industries
(2) Public Sector Inustries
(3) Joint- Sector Industries
(4) Cooperative Sector Industries
Steel Plants at Bhilai and Durgapur, Chittranjan Locomotive Works, The Integral Coach Factory, Perampur are the examples of Public Sector Industries.
The steel plant at Jamshedpur belongs to the ___________.
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Public sector
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Private sector
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Joint sector
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Cooperative sector
B
Correct answer
Explanation
Steel plant located at
Jamshedpur is Tata Steel plant. It is a private sector owned company. It was
founded by Jamshedji Tata in the year 1868. It is now owned by TATA sons.
Alwaye, Renukoot and Muri are centres of _______.
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Engineering industries
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Iron and steel industries
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Aluminium smelters
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Copper smelters
C
Correct answer
Explanation
- Alwaye, Renukoot and Muri are the centres of aluminium smelters.
Alwayne is located in Kerala, Renukoot in UP and Muri in Jharkhand apart from this Belur of Karnataka, Hirakud of Orissa and Korba of Chhattisgarh
are also the main centres of aluminium smelting.
Iron and steel industry is a _________.
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Public Sector Industry
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Joint Sector Industry
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Heavy Industry
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Cooperative Sector Industry
C
Correct answer
Explanation
Iron and steel is a heavy industry because all the raw materials as well as finished goods are heavy and bulky entailing heavy transportation costs.
Which one of the following is not true regarding the Iron and Steel industry in India?
-
India is the largest producer of sponge iron.
-
Most of the public sector undertakings market their steel through the Steel Authority of India.
-
Chhotanagpur Plateau region has the maximum concentration of iron and steel industries.
-
As a leading iron and steel producing country, India does not need to import steel from other countries.
D
Correct answer
Explanation
D. As a leading iron and steel producing country, India does
not need to import steel from other countries is the false statement.
India is both an
importer and exporter of iron ore. But, it is a net importer of iron ore. In
2014-15, India imported 15 million tons of iron ore. Exports out of the country
is pegged at 4.5 million tons.