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

A type of government support intended to help businesses is ____.

  1. agricultural financing

  2. subsidies

  3. cash crops

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

Subsidies are financial benefits provided by governments to businesses or industries, such as agriculture, to support production, lower prices, or encourage specific practices.

Multiple choice

What is another name for the service sector?

  1. Tertiary

  2. Primary

  3. Secondary

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

The tertiary sector is also known as the service sector, as it provides services rather than producing tangible goods.

Multiple choice

Which sector employs nearly half of Indian workers?

  1. services

  2. industry

  3. agriculture

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

Agriculture has historically been the primary source of employment for the Indian workforce. While its share of GDP has declined, it still employs nearly half of the population.

Multiple choice

What can a well-developed TNC operating in agribusiness provide?

  1. Specialised training and machinery

  2. Education systems

  3. Globalisation for developing nations

  4. El Stephen Dawsono
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Transnational Corporations (TNCs) in agribusiness often introduce advanced agricultural technologies, specialized machinery, and modern farming techniques to the regions where they operate. This can improve local productivity.

Multiple choice

Most Indians engage in this economic activity.

  1. farming

  2. personal assistants

  3. computer engineering

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

Agriculture remains the backbone of the Indian economy, employing a significant portion of the workforce, particularly in rural areas.

Multiple choice chemistry rocks and minerals carbon cycling mineral coal coal and its products

The second largest market for coal is:

  1. export

  2. electricity generation

  3. the industrial and retail sector

  4. the iron and steel industry
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Coal has four major markets

(i) Electric utilities
(ii) Industrial/ Retail user
(iii) Steel industry
(iv) Exports
$\Rightarrow$ Electric utilities use more than $86$% of the coal.
$\Rightarrow$ Coals second largest market is industrial and retail users, among industries using coal, the largest consumers are chemical manufacturers.