Economics ยท 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

What is the contribution of tertiary industries to global GDP?

  1. Less than 20%

  2. Between 20% and 40%

  3. Between 40% and 60%

  4. More than 60%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Tertiary industries contribute more than 60% to global GDP.

Multiple choice

Which of the following is NOT a type of tertiary industry?

  1. Transportation

  2. Communication

  3. Finance

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

Agriculture is not a type of tertiary industry because it is a primary industry.

Multiple choice

Which of the following is an example of a quaternary industry?

  1. Education

  2. Healthcare

  3. Research and development

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

All of the above are examples of quaternary industries.

Multiple choice

The Deccan Plateau is home to a number of important industries, including:

  1. Textiles

  2. Food processing

  3. Mining

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

The Deccan Plateau is home to a number of important industries, due to its rich natural resources and skilled workforce.

Multiple choice

Which sector of the manufacturing industry is the largest in India?

  1. Textiles

  2. Automobiles

  3. Pharmaceuticals

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

The textiles sector is the largest sector of the manufacturing industry in India, accounting for over 20% of total output.

Multiple choice

Which sector of the manufacturing industry is the second largest in India?

  1. Automobiles

  2. Pharmaceuticals

  3. Food processing

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

The automobiles sector is the second largest sector of the manufacturing industry in India, accounting for over 15% of total output.

Multiple choice

Which sector of the manufacturing industry is the third largest in India?

  1. Pharmaceuticals

  2. Food processing

  3. Chemicals

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

The pharmaceuticals sector is the third largest sector of the manufacturing industry in India, accounting for over 10% of total output.

Multiple choice

Which sector of the manufacturing industry is the fourth largest in India?

  1. Food processing

  2. Chemicals

  3. Electronics

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

The food processing sector is the fourth largest sector of the manufacturing industry in India, accounting for over 8% of total output.

Multiple choice

What is the Wealth Index?

  1. A measure of a country's economic growth.

  2. A measure of a country's economic well-being.

  3. A measure of a country's poverty rate.

  4. A measure of a country's unemployment rate.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Wealth Index is a measure of a country's economic well-being that takes into account both income and wealth.

Multiple choice

What are the components of the Wealth Index?

  1. GDP per capita and life expectancy.

  2. GDP per capita and education level.

  3. GDP per capita and wealth per capita.

  4. GDP per capita and income inequality.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Wealth Index is calculated using two components: GDP per capita and wealth per capita.

Multiple choice

How has the Wealth Index changed over time?

  1. It has increased steadily.

  2. It has decreased steadily.

  3. It has fluctuated.

  4. It has remained the same.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Wealth Index has increased steadily over time, as both GDP per capita and wealth per capita have increased.

Multiple choice

How is the Wealth Index used?

  1. To compare the economic well-being of different countries.

  2. To measure the economic growth of a country.

  3. To measure the poverty rate of a country.

  4. To measure the unemployment rate of a country.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Wealth Index is used to compare the economic well-being of different countries, as it takes into account both income and wealth.

Multiple choice

What are the limitations of the Wealth Index?

  1. It does not take into account the distribution of wealth.

  2. It does not take into account the quality of life.

  3. It does not take into account the environmental impact of economic activity.

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

The Wealth Index does not take into account the distribution of wealth, the quality of life, or the environmental impact of economic activity.

Multiple choice

Is the Wealth Index a perfect measure of economic well-being?

  1. Yes

  2. No
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Wealth Index is not a perfect measure of economic well-being, as it does not take into account the distribution of wealth, the quality of life, or the environmental impact of economic activity.

Multiple choice

What are some alternative measures of economic well-being?

  1. The Human Development Index.

  2. The Genuine Progress Indicator.

  3. The Inclusive Wealth Index.

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

The Human Development Index, the Genuine Progress Indicator, and the Inclusive Wealth Index are all alternative measures of economic well-being that take into account factors such as the distribution of wealth, the quality of life, and the environmental impact of economic activity.