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

Which of the following is an example of a secondary industry that is heavily dependent on natural resources?

  1. Computer Manufacturing

  2. Food Processing

  3. Mining

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

Mining is a secondary industry that is heavily dependent on natural resources, as it involves the extraction of minerals and other materials from the earth.

Multiple choice

Which of the following is an example of a secondary industry that is heavily dependent on technology?

  1. Textile Manufacturing

  2. Electronics Manufacturing

  3. Food Processing

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

Electronics manufacturing is a secondary industry that is heavily dependent on technology, as it involves the use of advanced machinery and processes to create electronic devices.

Multiple choice

Which of the following is an example of a secondary industry that is heavily dependent on skilled labor?

  1. Automobile Manufacturing

  2. Food Processing

  3. Textile Manufacturing

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

Automobile manufacturing is a secondary industry that is heavily dependent on skilled labor, as it requires workers with specialized knowledge and skills to assemble and maintain complex vehicles.

Multiple choice

Which of the following is an example of a secondary industry that is heavily dependent on transportation?

  1. Electronics Manufacturing

  2. Food Processing

  3. Textile Manufacturing

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

Furniture manufacturing is a secondary industry that is heavily dependent on transportation, as it requires the movement of large and bulky items from the factory to the consumer.

Multiple choice

Which of the following is an example of a secondary industry that is heavily dependent on energy?

  1. Electronics Manufacturing

  2. Food Processing

  3. Textile Manufacturing

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

Steel production is a secondary industry that is heavily dependent on energy, as it requires large amounts of heat and electricity to produce steel.

Multiple choice

Which of the following is not a type of industrial land use?

  1. Factories

  2. Warehouses

  3. Power plants

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

Schools are not a type of industrial land use.

Multiple choice

What are the primary economic sectors contributing to regional disparities in India?

  1. Agriculture and allied activities

  2. Manufacturing and industrial production

  3. Services and information technology

  4. Mining and natural resource extraction
Reveal answer Fill a bubble to check yourself
Correct answer
Explanation

Regional disparities in India exist across various economic sectors, including agriculture, manufacturing, services, and mining, reflecting differences in resource availability, infrastructure, and investment patterns.

Multiple choice

Which sector in India has attracted the highest FDI in the last decade?

  1. Manufacturing

  2. Services

  3. Agriculture

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

The services sector in India has attracted the highest FDI in the last decade, accounting for over 50% of the total FDI inflows.

Multiple choice

Which of the following is a common form of economic activity in tribal communities?

  1. Agriculture

  2. Hunting and gathering

  3. Pastoralism

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

Tribal communities engage in a variety of economic activities, including agriculture, hunting and gathering, and pastoralism.

Multiple choice

What is the primary factor driving the current surge in real estate prices?

  1. Increased demand for housing

  2. Low interest rates

  3. Limited supply of available properties

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

The current surge in real estate prices is being fueled by a combination of factors, including increased demand for housing, low interest rates, and a limited supply of available properties.

Multiple choice

How have interest rates affected the real estate market?

  1. They have made it more affordable to buy a home

  2. They have made it more difficult to buy a home

  3. They have had no impact on the real estate market

  4. They have caused the real estate market to crash
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Low interest rates have made it more affordable for buyers to purchase a home, as they can secure a mortgage with a lower monthly payment.

Multiple choice

What is the impact of limited supply on real estate prices?

  1. It causes prices to rise

  2. It causes prices to fall

  3. It has no impact on prices

  4. It causes prices to fluctuate
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

When the supply of available properties is limited, buyers are willing to pay more for the available homes, leading to an increase in prices.

Multiple choice

How has the COVID-19 pandemic affected the real estate market?

  1. It has caused a decline in demand for housing

  2. It has caused an increase in demand for housing

  3. It has had no impact on the real estate market

  4. It has caused the real estate market to crash
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The COVID-19 pandemic has led to an increase in demand for housing, as people seek more space and privacy due to remote work and social distancing measures.

Multiple choice

Which sector contributes the largest share to India's Gross Domestic Product (GDP)?

  1. Agriculture

  2. Industry

  3. Services
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The service sector is the largest contributor to India's GDP, accounting for over 50% of the total output.

Multiple choice

Which factor is considered a key determinant of the location of footloose industries, which are not tied to specific resources or markets?

  1. Availability of Skilled Labor

  2. Proximity to Transportation Hubs

  3. Government Incentives

  4. Access to Raw Materials
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Footloose industries are often attracted to locations with good transportation infrastructure, such as airports, seaports, or major highways.