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 business economics and quantitative methods introduction to micro economics microeconomics and macroeconomics : introduction economic ideas of j k mehta micro and macro economics

Which of the following is not a micro economic subject matter?

  1. The price of mangoes

  2. The cost of producing a fire truck for the fire department of Delhi, India.

  3. The quantity of mangoes produced for the mangoes market.

  4. The national economy's annual rate of growth.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Microeconomics deals with the individual or a small unit's influence in the economic problems that prevails in the nation it is not bothered about the macro units that is the nation as a whole. Therefore at the time of estimation of micro variables of the economics, macro is assumed to be constant.

Multiple choice economics environment and sustainable development need for sustainable development environmental economics sustainable development

Hydel-Electricity Plant relates to ___________ segment of Large Scale Industries.

  1. mining and quarrying

  2. manufacturing

  3. electricity, gas and water supply

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

The industrial classification for power generation, including hydel-electricity, falls under the category of 'electricity, gas, and water supply' in national accounts.

Multiple choice commercial applications treasure under the ground conservation of mineral resources distribution and conservation of mineral resources indian mineral and power resources

Consider the following statements and select the correct ones:-
a)  Iron and steel industries developed around Lake Michigan in USA due to availability of good quality coal.
b) Pittsburg - Youngstown area is the leading producer of steel in USA
c) The Lorraine area in France is significant for steel production.
d) The south Manchurian region accounts for nearly 60% of China's pig-iron production .

  1. a, c ,d

  2. a, b, d

  3. b, c, d

  4. b, c
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statements a, b, and d are accurate descriptions of industrial geography. Statement c is incorrect because Lorraine is primarily known for iron ore, not as a primary steel production hub in the modern context compared to other regions.

Multiple choice commercial applications treasure under the ground conservation of mineral resources distribution and conservation of mineral resources indian mineral and power resources

In which of these following industries, limestone is not used?

  1. Cement industry

  2. Iron and Steel industry

  3. Oil Refinery industry

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

Limestone is a key raw material in cement and iron/steel industries (as a flux). It is not a primary input in oil refining processes.

Multiple choice history industrial sector growth of banks in india nationalisation and privatisation of banks private sector anddifference between public and private sector

Apart from neglecting agricultural sector, commercial banks prior to nationalization neglected export and small scale industries.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Prior to nationalization, commercial banks in India were largely urban-centric and focused on large-scale industries, neglecting agriculture, small-scale industries, and exports. This imbalance was a key justification for the state taking control of the banking sector.

Multiple choice

This industry's collapse was most representative of India's economic decline.

  1. salt distribution

  2. metal working

  3. cash crop agriculture

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

India was famous for its high-quality handloom textiles. The British colonial policy, which included high tariffs on Indian goods and the import of cheap machine-made British textiles, led to the collapse of the Indian textile industry.

Multiple choice infrastructure in india infrastructure tertiary sector economics

Infrastructure is divided into which two categories? 

  1. Primary and Secondary

  2. Direct and Indirect

  3. Conventional and Non-Conventional

  4. Economic and Social
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Infrastructure is divided into two categories: 

1. Social infrastructure: It is a type of infrastructure in which social services are boarded. It includes colleges, schools and hospitals. 

2. Economic infrastructure: It is kind of infrastructure in which economic activities are boarded. It includes electricity, railway and water.

Multiple choice infrastructure in india infrastructure tertiary sector economics

Which of these would be classified as capital in economics?

  1. Metro Rail network

  2. Bhakra Nangal Dam

  3. Underground gas pipe line network

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

In economics, capital refers to man-made assets used in the production of goods and services. All listed items are examples of physical infrastructure capital.

Multiple choice infrastructure in india infrastructure tertiary sector economics

Which of the following is NOT a part of the infrastructure sector?

  1. Power generation

  2. National highways

  3. Food production

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

Infrastructure covers those supporting services that help directly in the growth of productive activities in agriculture as well as industry. These services have a wide range from the provision of health services and education facilities to the supply of needs such as power, irrigation, transport, telecommunications, etc.

Multiple choice infrastructure in india infrastructure tertiary sector economics

What are the basic infrastructure facilities?

  1. Human capital

  2. Physical capital

  3. Social overheads capital

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

They concern with the supply of such services as to meet the basic needs of a society. In simple words, social infrastructures refer those basic services such as education and training. It also includes health and sanitation, drinking water, housing, sewerage, etc. Social infrastructures are also termed as ‘social overheads’.
These social overheads indirectly support the economic systems. They indirectly increase the productivity and the economy sees the impact after some time. Social infrastructures lead to growth in the long run.

Multiple choice infrastructure in india infrastructure tertiary sector economics

The biggest Public Sector Undertaking in the country is _____________.

  1. Iron and steel plants

  2. Roadways

  3. Railways

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

Biggest public sector undertaking is railways

Indian railway is the largest in the Asia an  3rd largest in the world, it is the biggest employer and largest undertaking in the country