Economics · 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

Ferozabaad in UP is famous for its

  1. leather industry

  2. glass industry

  3. rubber industry

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

Ferozabad in Uttar Pradesh is famous for its glass industry, particularly glass bangles and handicrafts. The city has been a center of glass manufacturing for over 200 years.

Multiple choice

The Indian Railways is a ___ enterprise.

  1. Joint Sector

  2. State government

  3. Departmental

  4. Public limited

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Indian Railways is a Departmental Enterprise of the Government of India, meaning it's directly operated by a government ministry (Ministry of Railways). It's not a joint sector, state government, or public limited company. Option C is correct.

Multiple choice

Why was the Kancheepuram saree industry on the brink of extinction?

Directions: Read the following short passage and answer the question. 

The silk industry in Kancheepuram is one of the fastest growing industries in India. The industry currently employs more than 30,000 weavers in the art of saree making. This was not the scenario in the past. The industry had to compete with the synthetic fiber industry in many aspects. One of the major drawbacks of the silk industry in Kancheepuram was the lack of support from technology. The industry was on the brink of extinction due to the obsolescence of the designs and design making procedures. This is because, design adds splendor to a saree and forms an integral part of its exquisiteness. The recent developments in the designing field show the introduction of computerized Jacquard borders in Kancheepuram silk saree. The use of new technologies has not only helped in creating new and complex designs but also reduced the time involved in the process. There has been an increase in the exports.

  1. Because of competition with synthetic fibres

  2. Because of the lack of support from technology

  3. Because of the archaic designs and design making procedures

  4. All of the above

  5. .
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer as the passage clearly tells us that the industry was on the brink of extinction due to the obsolescence of the designs and design making procedures.

Multiple choice

According to the passage, what is the most basic part of the saree making process that lends the saree its splendour?

Directions: Read the following short passage and answer the question. 

The silk industry in Kancheepuram is one of the fastest growing industries in India. The industry currently employs more than 30,000 weavers in the art of saree making. This was not the scenario in the past. The industry had to compete with the synthetic fiber industry in many aspects. One of the major drawbacks of the silk industry in Kancheepuram was the lack of support from technology. The industry was on the brink of extinction due to the obsolescence of the designs and design making procedures. This is because, design adds splendor to a saree and forms an integral part of its exquisiteness. The recent developments in the designing field show the introduction of computerized Jacquard borders in Kancheepuram silk saree. The use of new technologies has not only helped in creating new and complex designs but also reduced the time involved in the process. There has been an increase in the exports.

  1. The fibre

  2. The design making process

  3. The design

  4. None of these

  5. .
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer as the passage clearly says that the design is the most integral part of its exquisiteness.

Multiple choice

Largest investment is in :

  1. Tea

  2. Cement

  3. Steel

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

The steel industry requires the largest capital investment among the given sectors due to its heavy machinery, extensive infrastructure needs, and continuous production processes. Steel plants involve massive upfront costs for blast furnaces, rolling mills, and raw material processing facilities. Industries like tea, cement, and cotton textiles require less capital-intensive equipment and infrastructure compared to integrated steel plants.

Multiple choice

The Supreme Court judgment had directed the closure of 53 specified industries in the Taj Trapezium Zone. These industries are,

  1. tanneries

  2. canneries

  3. iron industries

  4. iron foundries

  5. copper ancillaries
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Supreme Court's judgment on protecting the Taj Mahal from pollution specifically targeted small-scale iron foundries in the Taj Trapezium Zone. These iron foundries were identified as major sources of pollution threatening the monument. Iron foundries (option D) were among the polluting industries ordered to close, unlike tanneries, canneries, or copper ancillaries.

Multiple choice

Which of the following sectors showed the highest growth rate in the first half of 2007-08 as per data released by CSO?

  1. Manufacturing

  2. Construction

  3. Electricity, gas and water supply

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

According to CSO data for the first half of 2007-08, the construction sector showed the highest growth rate among all sectors. This period saw massive infrastructure development and real estate boom in India, driving construction activities significantly.

Multiple choice

The oil refinery established at Panipat belongs to

  1. Public Sector

  2. Private Sector

  3. Joint Sector

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

The Panipat oil refinery belongs to the Public Sector, specifically to Indian Oil Corporation Limited (IOCL), which is a government-owned company. It is one of India's major refineries located in Haryana.

Multiple choice

The maximum labour-oriented industry in India is

  1. Cement industry

  2. Iron and Steel industry

  3. Jute industry

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

The cotton textile industry is India's largest labour-oriented industry, employing millions of workers across organized and unorganized sectors. While cement, iron and steel, and jute industries are also significant, cotton industry has the highest employment intensity due to its decentralized, labour-intensive nature and widespread presence across India.

Multiple choice

During April-December 2007, which of the following sectors registered the highest growth of 7·5% in the group of core sectors?

  1. Cement

  2. Refinery products

  3. Electricity

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

During April-December 2007, refinery products registered the highest growth of 7.5% among the core infrastructure sectors. Core sectors include crude oil, petroleum refinery production, coal, electricity, cement, and steel. Refinery products showing the highest growth reflects increased demand for petroleum products and expansion in refining capacity during that period.

Multiple choice

'SAPTA' is related to

  1. education

  2. trade

  3. security

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

SAPTA (South Asian Preferential Trading Arrangement) is related to trade under the SAARC framework. It aims to promote trade liberalization among SAARC member countries through tariff concessions and preferential access. SAPTA is a crucial economic agreement within SAARC to enhance intra-regional trade, distinct from education, security, or environmental cooperation.

Multiple choice

Directions: Select the correct alternative from the given choices.

Which of the following is not a sunrise industry/sector?

  1. Micro power

  2. KPO

  3. Jute Industry

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

Sunrise industries are emerging sectors with high growth potential like IT, biotechnology, and KPO. The Jute Industry is a traditional industry established during British rule, not a modern sunrise sector. Micro power and oil exploration are also emerging energy sectors.

Multiple choice

What is Chittaranjan famous for?

  1. Locomotive Industry

  2. Jute Industry

  3. Textile Industry

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

Chittaranjan is famous for the Chittaranjan Locomotive Works (CLW), established in 1950, which manufactures electric locomotives for Indian Railways. It is not known for jute, textile, or glass industries.