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 elements of business fundamentals of business activities characteristics of vocational activities basis of classification of business activities classification of business

Economic activities may be classified into business, ___________ and employment.

  1. profession

  2. occupation

  3. vocation

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

Profession is a type of paid occupation which involves training, utilization of skills for a prolonged period. Business, profession and employment all are considered economic activities because they consist of exchange of goods and/or services for money.

Multiple choice elements of business fundamentals of business activities characteristics of vocational activities basis of classification of business activities classification of business

____ Sector Skill Councils (SSG) approved in services, manufacturing, agriculture & allied services, and informal sectors. Sectors include 19 of 20 high priority sectors identified by the Government and _ of the sectors under Make in India initiative.

  1. 38; 25

  2. 83; 52

  3. 33; 22

  4. 22; 33
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Sector Skill Councils (SSC) framework in India has been established to cover various sectors, with 38 councils approved and 25 of those falling under the Make in India initiative.

Multiple choice biology soil : our life soil properties soil - properties basics of soil pollution

Major use of petroleum is in

  1. Industries

  2. Transport on land and air

  3. Factories

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

Petroleum products are used as transportation fuels, fuel oils, for generation of electricity, road oils etc. major use of  petroleum is in transport.

So, the correct answer is 'Transport on land and air'

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

Which of the following is an agricultural and seasonal industry?

  1. Cement industry

  2. Iron and steel industry

  3. Automobile industry

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

Sugarcane industry is both seasonal and agricultural industry.
Sugarcane belongs to the grass family Poaceae, an economically important seed plant family that includes maize, wheat, rice, and sorghum, and many forage crops. Sucrose, extracted and purified in specialized mill factories, is used as raw material in the food industry or is fermented to produce ethanol.

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

Cotton industry fall under which of the following categories _______________.

  1. small scale industry

  2. cottage industry

  3. large scale industry

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cotton plays an important role in the Indian economy as the country's textile industry is predominantly cotton based and is a large scale Industry. India is one of the largest producers as well as exporters of cotton yarn and the Indian textile industry contributes about 11 percent to industrial production, 14 per cent to the manufacturing sector, 4 percent to the GDP and 12 per cent to the country's total export earnings. The cotton cultivation in India in 2013-14 was estimated at 37 million bales (170 kg each) of cotton, making it the second largest producer of cotton worldwide.

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

Which of the following is not an example of large scale industry?

  1. Cotton industry

  2. Cement industry

  3. Iron and steel industry

  4. Earthen pot making
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Large scale industry has large investment of capital. The number of labourers working in such industries are very high. Such industry requires high level technology and skilled labour. Examples of such industry include cement, iron and steel industry, automobile industry etc. among the given options earthen pot is not the example of large scale industry.

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

Which of the following is not a small scale industry _______________.

  1. Matchstick making

  2. Brick industry

  3. Tie and die industry

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

Cement industry is not a small scale industry.

The Indian Cement Industry comprises of 125 large cement plants with an installed capacity of 148.28 million tonnes and more than 300 mini cement plants with an estimated capacity of 11.10 million tonnes per annum. The Cement Corporation of India is a Central Public Sector Undertaking which has 10 units.

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

Which of the following is/are the industries that are operated in houses with the help of family members?

  1. Cottage industry

  2. Large scale industry

  3. Both A and B

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

Cottage industries is the industries that are operated in houses with the help of family members.

By definition, a cottage industry refers to a system of production where goods and services are produced at home in small amounts as opposed to large-scale production in a factory. Most of the industries in the cottage industry focus on manufacturing unique goods and services that require many producers who mostly work part-time. In addition, this industry does not require a lot of capital to start, which equates to a moderate amount of income that the business generates. Unfortunately, since they are small-scale producers, they do not enjoy the backing of the government as much as large-scale producers who make major contributions to the economy.

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

Industries are classified as large, small and cottage on the basis of ______________.

  1. Size

  2. Ownership

  3. Raw material

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

Industries are broadly classification into three types (i.e. On the basis of Raw Materials, On the basis of Size and On the basis of Ownership).

1. On the basis of Raw Materials: These types of industries are classified depending on the type of raw materials they use.

  • Agro Based Industries
  • Mineral Based Industries
  • Pastoral Based Industries
  • Marine Based Industries
  • Forest Based Industries

2. On the basis of Size: These types of industries are classified depending on the amount of capital invested, number of people employed and the volume of production.

  • Large Scale Industries
  • Small Scale Industries
  • Cottage or Household Industries

3. On the basis of Ownership: These types of industries are classified on the basis of ownership.

  • Private Sector Industries
  • Public Sector Industries
  • Joint Sector Industries
  • Co-operative Sector Industries
  • Multinational Corporations

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

Tourism in India is a ______________.

  1. Primary sector

  2. Secondary sector

  3. Tertiary sector

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

Process of assisting people through supply of goods is called service activity. This activity is included under service sector which is also called as tertiary sector. Tourism in India falls under tertiary sector. Other activities associated with this sector include retail and wholesale sales, transportation and distribution, entertainment movies, television, radio, music, theatre, etc.

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

For the socio economic development of any region and development of basic infrastructure which of the following factor is important?

  1. Tourism

  2. Raw material

  3. Transportation

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

Transportation is the movement of people, goods and animals from one place to another. Transport is important because it enables trade between people, which is essential for the development of civilizations. Transportation helps in improving bonds between people and to know whereabouts of other places. For the socio economic development of any region and development of basic infrastructure transportation is important.

Multiple choice business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

High capital, high level of technology and large number of labourers is the characteristic of which kind of industry?

  1. Small scale industry

  2. Large scale industry

  3. Cottage industry

  4. All of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Small scale industries and cottage industries are local industries with a very low level of capital and due to that they can't afford high level of technology or high number of skilled labourers. Basically these industries are designed for small profits and have not got any long future goals. On the other hand large scale industries requires high capital, high level of technology and large number of labourers for better profits and long term goals.
Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

An underdeveloped economy is characterised by which of the following?

  1. High per capita real income

  2. Large proportion of labor force in the tertiary sector

  3. State of deprivation of large proportion of population

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

An underdeveloped economy is characterised by state of deprivation of large proportion of population. Apart from that, other characteristics of an underdeveloped economy are low per capita income, a higher proportion of labour force involved in primary sector activities.

Multiple choice geography agriculture in india - iii : cash crops cash crops plantation of crops cash crops of india agricultural seasons and crops

Which of the following is not one of the reasons for concentration of jute mills in Kolkata?

  1. Cheap and abundant power supply

  2. Availability of coal

  3. A large supply of cheap labour and water required for industry

  4. The port of Kolkata can easily export all the jute goods
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cheap and abundant power supply is not one of the reasons for concentration of jute mills in Kolkata.