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
Which of the following is an example of a rural land use activity?
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Manufacturing
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Mining
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Animal husbandry
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Retail trade
C
Correct answer
Explanation
Animal husbandry, including livestock rearing and dairy farming, is an example of a rural land use activity.
Which of the following is an example of an urban land use activity?
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Farming
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Forestry
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Manufacturing
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Fishing
C
Correct answer
Explanation
Manufacturing is an example of an urban land use activity, as it typically takes place in industrial areas within cities and towns.
How can the nightlife industry in India contribute to the local economy?
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Creating jobs and employment opportunities
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Generating revenue through taxes and fees
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Promoting tourism and attracting visitors
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All of the above
D
Correct answer
Explanation
The nightlife industry in India can contribute to the local economy by creating jobs and employment opportunities, generating revenue through taxes and fees, and promoting tourism and attracting visitors.
Which of the following was the economy of the Magadha Kingdom?
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Agriculture
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Trade
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Industry
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Mining
A
Correct answer
Explanation
Agriculture was the economy of the Magadha Kingdom and was based on the cultivation of rice, wheat, and barley.
Which of the following is a major activity of NAFED?
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Procurement of agricultural produce from farmers
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Export of agricultural produce
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Distribution of agricultural inputs to farmers
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All of the above
D
Correct answer
Explanation
NAFED undertakes various activities, including procurement of agricultural produce from farmers, export of agricultural produce, and distribution of agricultural inputs to farmers.
What is the role of the private sector in industrial development in India?
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The private sector is the primary driver of industrial growth
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The private sector plays a complementary role to the public sector
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The private sector is not involved in industrial development
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None of the above
A
Correct answer
Explanation
The private sector is the primary driver of industrial growth in India. The government plays a complementary role by providing incentives to industries, developing infrastructure, and promoting foreign direct investment.
What is the role of the private sector in industrial development in India?
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The private sector is the primary driver of industrial growth
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The private sector plays a complementary role to the public sector
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The private sector is not involved in industrial development
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None of the above
A
Correct answer
Explanation
The private sector is the primary driver of industrial growth in India. The government plays a complementary role by providing incentives to industries, developing infrastructure, and promoting foreign direct investment.
Which sector is often considered the engine of knowledge-based development?
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Agriculture
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Manufacturing
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Services
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Mining
C
Correct answer
Explanation
The services sector, particularly knowledge-intensive services such as information technology, finance, and healthcare, is often seen as the engine of knowledge-based development.
Which sector has benefited the most from GST?
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Manufacturing
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Services
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Agriculture
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Construction
B
Correct answer
Explanation
The services sector has benefited the most from GST due to the removal of cascading taxes and the creation of a single national market.
Which of the following is NOT a primary sector industry in agriculture?
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Crop production
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Livestock farming
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Food processing
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Fishing
C
Correct answer
Explanation
Food processing is a secondary sector industry, as it involves the transformation of raw agricultural products into finished food items.
Which of the following is an example of an economic activity that aligns with the pursuit of Moksha?
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Investing in environmentally destructive industries for personal profit.
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Engaging in charity and philanthropy to gain recognition and status.
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Using wealth to support sustainable and socially responsible businesses.
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Exploiting workers to maximize profits.
C
Correct answer
Explanation
Using wealth to support sustainable and socially responsible businesses aligns with the pursuit of Moksha because it promotes ethical and environmentally conscious economic practices. It also contributes to the well-being of society and the environment, which are important aspects of the path to Moksha.
Which is the largest industry in India?
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Agriculture
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Manufacturing
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Services
C
Correct answer
Explanation
The services sector is the largest industry in India, contributing over 50% to the country's GDP.
Which is the second largest industry in India?
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Agriculture
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Manufacturing
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Services
B
Correct answer
Explanation
The manufacturing sector is the second largest industry in India, contributing over 20% to the country's GDP.
Which is the third largest industry in India?
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Agriculture
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Manufacturing
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Services
A
Correct answer
Explanation
The agriculture sector is the third largest industry in India, contributing over 15% to the country's GDP.
Which is the most important industry in India?
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Automobile
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Textile
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Information Technology
C
Correct answer
Explanation
The information technology industry is the most important industry in India, contributing over 10% to the country's GDP.