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
  1. primary sector

  2. secondary sector

  3. tertiary sector

  4. entertainment sector

Reveal answer Fill a bubble to check yourself
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.

Multiple choice
  1. Hotel Industry

  2. Banking Industry

  3. Carpet Industry

  4. Publication Industry

  5. None of these

Reveal answer Fill a bubble to check yourself
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.

Multiple choice
  1. Manufacturing

  2. Mining

  3. Electricity

  4. Agriculture

Reveal answer Fill a bubble to check yourself
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.

Multiple choice
  1. Iron ore

  2. Petroleum

  3. Cotton

  4. Machinery

Reveal answer Fill a bubble to check yourself
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).

Multiple choice
  1. agriculture sector

  2. industrial sector

  3. rural development

  4. none of these

Reveal answer Fill a bubble to check yourself
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.

Multiple choice
  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
  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
  1. Source of water

  2. Transport routes

  3. Equable climate

  4. Source of raw materials

Reveal answer Fill a bubble to check yourself
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.

Multiple choice
  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
  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
  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
  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.