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 industrial sector utilizes soybean oil for the production of lubricants and greases?

  1. Automotive

  2. Aerospace

  3. Textile

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

Soybean oil is used in the automotive industry to manufacture lubricants and greases due to its high viscosity index and ability to withstand extreme temperatures.

Multiple choice

Which industrial sector utilizes soybean oil for the production of candles and soaps?

  1. Cosmetics

  2. Food processing

  3. Personal care

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

Soybean oil is a common ingredient in the personal care industry, used in the production of candles and soaps due to its emollient properties and ability to create a rich lather.

Multiple choice

Which sector contributes the most to India's manufacturing output?

  1. Food Products

  2. Textiles

  3. Chemicals and Petrochemicals

  4. Machinery and Equipment
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Chemicals and Petrochemicals sector contributes the most to India's manufacturing output, followed by Food Products and Textiles.

Multiple choice

Which of the following is NOT a component of the CPI basket?

  1. Food and beverages

  2. Housing

  3. Transportation

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

Investments are not included in the CPI basket because they are not considered to be final goods or services consumed by households.

Multiple choice

Which sector contributes the most to the MSME sector in India?

  1. Manufacturing

  2. Services

  3. Agriculture

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

Manufacturing contributes the most to the MSME sector in India.

Multiple choice

What is the main occupation of the people living in the Great Himalayan Range?

  1. Agriculture

  2. Tourism

  3. Mining

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

Agriculture is the main occupation of the people living in the Great Himalayan Range.

Multiple choice

Which of the following is NOT a key sector in the India-US trade relations?

  1. Information Technology

  2. Agriculture

  3. Manufacturing

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

While Information Technology, Agriculture, and Manufacturing are significant sectors in the India-US trade, Healthcare is not a key sector.

Multiple choice

Which of the following is not a sector covered under the Skill India Mission?

  1. Agriculture

  2. Manufacturing

  3. Services

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

Retail is not a sector covered under the Skill India Mission. The sectors covered include Agriculture, Manufacturing, and Services.

Multiple choice

What is the primary occupation of the majority of people living in rural India?

  1. Agriculture

  2. Manufacturing

  3. Services

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

Agriculture remains the primary source of livelihood for a significant portion of the population in rural India, with many families engaged in farming and cultivation.

Multiple choice

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

  1. Manufacturing

  2. Retail

  3. Agriculture

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

Transportation is a service industry because it involves the movement of people or goods from one place to another.

Multiple choice

What is the largest sector of the economy in most developed countries?

  1. Agriculture

  2. Manufacturing

  3. Services

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

The service sector is the largest sector of the economy in most developed countries, accounting for over 70% of GDP.

Multiple choice

What are some of the key characteristics of the service sector?

  1. Intangibility

  2. Perishability

  3. Heterogeneity

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

The service sector is characterized by intangibility, perishability, and heterogeneity.

Multiple choice

What is the relationship between the service sector and the manufacturing sector?

  1. The service sector is dependent on the manufacturing sector.

  2. The manufacturing sector is dependent on the service sector.

  3. The two sectors are independent of each other.

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

The service sector and the manufacturing sector are dependent on each other. The service sector provides inputs to the manufacturing sector, and the manufacturing sector provides inputs to the service sector.

Multiple choice

What are some of the key policy issues related to the service sector?

  1. Regulation of the service sector

  2. Investment in the service sector

  3. Trade in services

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

Key policy issues related to the service sector include regulation of the service sector, investment in the service sector, and trade in services.

Multiple choice

How do handicrafts contribute to foreign exchange earnings?

  1. They are exported to other countries.

  2. They attract foreign tourists who spend money on handicrafts.

  3. They create jobs that generate foreign exchange.

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

Handicrafts contribute to foreign exchange earnings through exports, tourism, and job creation.