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
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primary sector
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secondary sector
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tertiary sector
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entertainment sector
C
Correct answer
Explanation
The tertiary (services) sector contributes the largest share to India's national income (GDP), accounting for over 50% of economic output. This includes trade, hospitality, communications, banking, and IT services. The primary sector (agriculture) and secondary sector (manufacturing) contribute less.
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Hotel Industry
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Banking Industry
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Carpet Industry
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Publication Industry
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None of these
A
Correct answer
Explanation
The Union Ministry of Labour and Employment decided to bring the Hotel Industry under the Factories Act. This move aimed to extend labor protections and working condition regulations to hotel workers, ensuring better enforcement of safety standards and working hours in the hospitality sector.
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Manufacturing
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Mining
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Electricity
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Agriculture
A
Correct answer
Explanation
Manufacturing has the maximum weight (approximately 75-80%) in the Index of Industrial Production (IIP) in India. This is because manufacturing is the largest component of industrial activity, followed by mining and electricity.
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Textile industry
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Engineering industry
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Sugar industry
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Iron industry
A
Correct answer
Explanation
This is a factual question about outstanding amounts in India's non-small scale industrial sector. The answer requires current industry data which cannot be verified without access to the latest statistics.
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Iron ore
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Petroleum
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Cotton
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Machinery
A
Correct answer
Explanation
India is a net exporter of iron ore, not a major importer. The country imports substantial quantities of petroleum crude, cotton (including raw cotton and textiles), and machinery. Option A correctly identifies iron ore as the item not imported (India exports it).
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agriculture sector
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industrial sector
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rural development
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none of these
B
Correct answer
Explanation
Merchant banks primarily serve the industrial sector by providing services like underwriting, portfolio management, loan syndication, and corporate advisory. While they may work with other sectors, their main focus is industrial financing and corporate restructuring. Agriculture (A) is served by cooperative banks and rural banks. Rural development (C) is handled by regional rural banks.
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leather industry
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glass industry
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rubber industry
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cotton industry
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.
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Joint Sector
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State government
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Departmental
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Public limited
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.
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Source of water
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Transport routes
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Equable climate
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Source of raw materials
D
Correct answer
Explanation
Iron and steel plants are located near raw material sources (coal, iron ore, limestone, manganese) because these raw materials are extremely heavy and bulky. Transporting them over long distances would be prohibitively expensive, so locating near mines significantly reduces production costs and improves efficiency.
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.
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primary sector
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tertiary sector
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secondary sector
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any of the above
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tanneries
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canneries
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iron industries
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iron foundries
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copper ancillaries
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.
C
Correct answer
Explanation
The National Mineral Policy of March 1993 opened 13 minerals for private sector investment, marking a significant liberalization in India's mining sector and allowing private participation in mineral exploration and exploitation.
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Public Sector
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Private Sector
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Joint Sector
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Cooperative Sector
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.
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Cement industry
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Iron and Steel industry
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Jute industry
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Cotton industry
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.