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

What is the primary source of revenue for poultry farmers?

  1. Sale of poultry meat

  2. Sale of eggs

  3. Sale of feathers and other by-products

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

The primary source of revenue for poultry farmers is the sale of poultry meat, which accounts for the majority of their income.

Multiple choice

Which sector is considered the backbone of industrial development in India?

  1. Agriculture

  2. Manufacturing

  3. Services

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

Manufacturing is the backbone of industrial development in India, contributing significantly to the country's GDP and employment.

Multiple choice

Which of the following is NOT a characteristic of a knowledge economy?

  1. High levels of investment in education and research

  2. A highly skilled workforce

  3. A strong emphasis on innovation

  4. A large manufacturing sector
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A large manufacturing sector is not a characteristic of a knowledge economy, as knowledge economies are typically characterized by a shift away from manufacturing towards services.

Multiple choice

Which of the following is NOT a common application of industrial engineering?

  1. Operations Research

  2. Manufacturing

  3. Marketing

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

Marketing is not a common application of industrial engineering. Industrial engineering is primarily concerned with the optimization of processes and systems in manufacturing, logistics, and operations.

Multiple choice

Which of the following is NOT a common application of industrial engineering in the financial sector?

  1. Risk management

  2. Fraud detection

  3. Investment analysis

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

Product development is not a common application of industrial engineering in the financial sector. Industrial engineers in the financial sector are typically concerned with the optimization of processes and systems.

Multiple choice

Which of the following is not a major sector of the Indian economy?

  1. Agriculture

  2. Industry

  3. Services

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

Mining is not a major sector of the Indian economy. While mining does contribute to the country's GDP, it is not as significant as agriculture, industry, and services.

Multiple choice

Which sector of infrastructure is considered the backbone of a nation's economy?

  1. Transportation

  2. Energy

  3. Water and Sanitation

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

Transportation infrastructure, including roads, railways, ports, and airports, is crucial for the movement of goods and people, enabling trade and economic activity.

Multiple choice

Which sector within the natural resources sector is considered the most attractive for FDI in India?

  1. Mining

  2. Oil and Gas

  3. Renewable Energy

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

Mining is considered the most attractive sector for FDI in India within the natural resources sector due to the country's abundant mineral resources, such as coal, iron ore, and copper. The government's efforts to promote FDI in mining have also contributed to its attractiveness.

Multiple choice

Which sector is responsible for the development and maintenance of transportation infrastructure in India?

  1. Public Sector

  2. Private Sector

  3. Joint Sector

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

Transportation infrastructure in India is developed and maintained through a joint effort of the public and private sectors.

Multiple choice

Which economic sector is typically considered to be the most creative?

  1. Manufacturing

  2. Services

  3. Agriculture

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

The services sector is typically considered to be the most creative. This is because the services sector includes a wide range of industries that rely on creativity and innovation, such as the arts, entertainment, and technology industries.

Multiple choice

Which sector in India received the highest FDI inflows during the period 2000-2020?

  1. Manufacturing

  2. Services

  3. Agriculture

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

The services sector, including IT, telecommunications, and financial services, has consistently attracted the largest share of FDI inflows in India.

Multiple choice

Which sector in India has been largely closed to foreign investment?

  1. Manufacturing

  2. Services

  3. Agriculture

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

Foreign investment in the retail sector in India has been largely restricted to single-brand retail.

Multiple choice

What is the primary sector of the Indian economy?

  1. Agriculture

  2. Industry

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

The primary sector of the Indian economy is agriculture, which includes farming, fishing, and forestry.

Multiple choice

What are the various sectors covered under the Skill India Mission?

  1. Manufacturing

  2. Services

  3. Agriculture

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

The various sectors covered under the Skill India Mission include manufacturing, services, agriculture, and other allied sectors.

Multiple choice

What is the primary land use in rural areas of India?

  1. Agriculture

  2. Industry

  3. Residential

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

Agriculture is the primary land use in rural areas of India, as a majority of the population is engaged in farming and allied activities.