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 sector in India has not experienced significant privatization efforts?
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Banking and Financial Services
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Telecommunications
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Manufacturing
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Agriculture
D
Correct answer
Explanation
The agriculture sector in India has not witnessed significant privatization efforts, as it remains largely dominated by small-scale farmers and government policies focused on supporting agricultural production.
Which sector of the Indian economy has benefited the most from globalization?
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Agriculture
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Manufacturing
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Services
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Construction
C
Correct answer
Explanation
The services sector, particularly IT and IT-enabled services, has been the primary beneficiary of globalization in India, due to its export potential and ability to attract foreign investment.
Which of the following is NOT a skill that is in high demand in the labor market?
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Computer programming
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Data analysis
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Customer service
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Farming
D
Correct answer
Explanation
Computer programming, data analysis, and customer service are all skills that are in high demand in the labor market, while farming is not.
Which sector of the Indian economy has benefited the most from urbanization?
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Agriculture
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Manufacturing
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Services
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Construction
C
Correct answer
Explanation
The services sector has benefited the most from urbanization in India, as it is the largest and fastest-growing sector of the economy and is concentrated in urban areas.
Which type of rural settlement is often associated with a particular industry or occupation?
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Industrial village
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Mining village
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Fishing village
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Agricultural village
A
Correct answer
Explanation
An industrial village is a rural settlement that is primarily engaged in a particular industry or occupation. This could include industries such as textiles, handicrafts, or manufacturing, or occupations such as mining, fishing, or agriculture.
What is the term used for a rural settlement that is primarily engaged in mining activities?
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Mining village
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Industrial village
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Agricultural village
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Fishing village
A
Correct answer
Explanation
A mining village is a rural settlement that is primarily engaged in mining activities. It is typically located near a mineral deposit and may have a population of workers and their families involved in the mining industry.
Which industry was the first to undergo disinvestment in India?
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Telecommunications
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Banking
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Power
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Transportation
B
Correct answer
Explanation
The banking industry was the first to undergo disinvestment in India, with the sale of shares of public sector banks in the early 1990s.
Which sector has witnessed significant PPP involvement in India?
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Transportation
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Healthcare
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Education
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Energy
A
Correct answer
Explanation
The transportation sector in India has seen substantial PPP involvement, particularly in the development of highways, airports, and urban infrastructure projects.
Which sector has witnessed limited PPP involvement in India?
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Transportation
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Healthcare
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Education
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Energy
C
Correct answer
Explanation
Compared to other sectors, PPP involvement in education has been relatively limited in India, although there are ongoing efforts to explore PPP models in this area.
Which sector has witnessed significant PPP involvement in both developed and developing countries?
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Transportation
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Healthcare
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Education
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Energy
A
Correct answer
Explanation
Transportation is a sector that has seen substantial PPP involvement across both developed and developing countries, due to the need for infrastructure development and the potential for private sector participation.
Which sector of the economy benefits the most from increased tourism due to sports infrastructure?
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Transportation and logistics
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Hospitality and accommodation
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Retail and merchandise
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All of the above
D
Correct answer
Explanation
Increased tourism resulting from sports infrastructure benefits multiple sectors, including transportation, hospitality, retail, and merchandise sales.
What was the main economic activity in the Travancore Kingdom?
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Agriculture
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Trade
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Industry
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Tourism
A
Correct answer
Explanation
Agriculture was the primary economic activity in the Travancore Kingdom, with major crops including rice, coconut, and spices.
Which of the following is NOT a common type of real estate property?
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Residential
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Commercial
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Industrial
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Agricultural
D
Correct answer
Explanation
Agricultural property is not a common type of real estate property in the context of urban or suburban markets. It typically refers to land used for farming or agricultural purposes.
What are some of the success stories of the creative economy in developing countries?
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The film industry in India.
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The music industry in Nigeria.
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The fashion industry in Kenya.
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All of the above.
D
Correct answer
Explanation
There are a number of success stories of the creative economy in developing countries, including the film industry in India, the music industry in Nigeria, the fashion industry in Kenya, and the gaming industry in Brazil.
Which industry was given the highest priority during the Second Five-Year Plan (1956-1961)?
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Agriculture
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Heavy industries
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Small-scale industries
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Cottage industries
B
Correct answer
Explanation
The Second Five-Year Plan focused on the development of heavy industries, such as steel, cement, and machinery, in order to lay the foundation for industrial growth.