Economics ยท 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

Which of the following is NOT a tertiary economic activity?

  1. Education

  2. Healthcare

  3. Finance

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

Tertiary economic activities are those that provide services to other businesses or consumers, such as education, healthcare, finance, and tourism. Agriculture is not a tertiary economic activity because it is a primary economic activity.

Multiple choice

What is the main economic activity in rural communities?

  1. Manufacturing

  2. Agriculture

  3. Services

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

The main economic activity in rural communities is agriculture, including farming, livestock raising, and fishing.

Multiple choice

What was the primary source of income for the Mauryan state?

  1. Agriculture

  2. Trade

  3. Taxes

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

The Mauryan state primarily relied on taxes as its source of income, which were collected from various social classes and economic activities.

Multiple choice

Which of the following is an example of inter-state cooperation in industry and manufacturing?

  1. The development of a joint industrial park by two or more states

  2. The signing of a memorandum of understanding between two or more states to promote cooperation in industry and manufacturing

  3. The establishment of a joint venture between two or more state-owned companies

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

All of the options are examples of inter-state cooperation in industry and manufacturing.

Multiple choice

Which of the following is the largest sector of the American economy?

  1. Services

  2. Manufacturing

  3. Agriculture

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

The services sector is the largest sector of the American economy, accounting for over 70% of GDP.

Multiple choice

What is the term used to describe the economic activities that are indirectly related to the dance core sector, such as tourism, hospitality, and transportation?

  1. Dance Core Sector.

  2. Dance Related Sector.

  3. Dance Support Sector.

  4. Dance Peripheral Sector.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Dance Peripheral Sector includes activities that benefit from the existence of the dance core and support sectors, such as tourism, hospitality, and transportation.

Multiple choice

Which sector has attracted the highest FDI in SEZs in India?

  1. Manufacturing

  2. Information Technology

  3. Infrastructure

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

The manufacturing sector has attracted the largest share of FDI in SEZs in India, followed by the information technology and infrastructure sectors.

Multiple choice

Which type of SEZ is specifically designed for the development of IT and ITES industries?

  1. Free Trade Zone (FTZ)

  2. Export Processing Zone (EPZ)

  3. Information Technology Special Economic Zone (ITES-SEZ)

  4. Multi-Product Special Economic Zone (MPSEZ)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Information Technology Special Economic Zones (ITES-SEZs) are specifically designed for the development of IT and ITES industries.

Multiple choice

What was the economic system of the Yadava kingdom?

  1. Agriculture

  2. Trade

  3. Industry

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

The Yadava kingdom's economy was based on agriculture.

Multiple choice

Which of the following is a characteristic of a subsistence economy?

  1. High levels of specialization

  2. Advanced technology

  3. Production for local consumption

  4. Extensive trade with other regions
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Subsistence economies are characterized by the production of goods and services primarily for local consumption, with limited trade and specialization.

Multiple choice

Which of the following is the main economic activity in the Andaman and Nicobar Islands?

  1. Agriculture

  2. Fishing

  3. Tourism

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

Tourism is the main economic activity in the Andaman and Nicobar Islands.

Multiple choice

Which of the following is NOT a common type of infrastructure development project in economic development?

  1. Transportation infrastructure

  2. Energy infrastructure

  3. Water and sanitation infrastructure

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

Education infrastructure, while important for economic development, is not typically considered to be a type of infrastructure development project in the context of public policy, as it is more commonly associated with social development.

Multiple choice

What was the primary economic activity in the Medieval World?

  1. Agriculture

  2. Trade

  3. Manufacturing

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

Agriculture was the primary economic activity in the Medieval World, as the majority of the population was engaged in farming.

Multiple choice

Which industry experienced significant growth during the British colonial period in India?

  1. Textile Industry

  2. Agriculture

  3. Mining

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

The textile industry in India saw a surge in growth during British rule due to the demand for Indian textiles in global markets.

Multiple choice

Which sector of the Indian economy experienced the most significant decline during British rule?

  1. Agriculture

  2. Manufacturing

  3. Services

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

The manufacturing sector in India declined significantly due to the influx of British goods and the lack of government support for local industries.