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

Multiple choice

Which sector in India has not experienced significant privatization efforts?

  1. Banking and Financial Services

  2. Telecommunications

  3. Manufacturing

  4. Agriculture

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which sector of the Indian economy has benefited the most from globalization?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Construction

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which of the following is NOT a skill that is in high demand in the labor market?

  1. Computer programming

  2. Data analysis

  3. Customer service

  4. Farming

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which sector of the Indian economy has benefited the most from urbanization?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Construction

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which type of rural settlement is often associated with a particular industry or occupation?

  1. Industrial village

  2. Mining village

  3. Fishing village

  4. Agricultural village

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

What is the term used for a rural settlement that is primarily engaged in mining activities?

  1. Mining village

  2. Industrial village

  3. Agricultural village

  4. Fishing village

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which industry was the first to undergo disinvestment in India?

  1. Telecommunications

  2. Banking

  3. Power

  4. Transportation

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which sector has witnessed significant PPP involvement in India?

  1. Transportation

  2. Healthcare

  3. Education

  4. Energy

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which sector has witnessed limited PPP involvement in India?

  1. Transportation

  2. Healthcare

  3. Education

  4. Energy

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which sector has witnessed significant PPP involvement in both developed and developing countries?

  1. Transportation

  2. Healthcare

  3. Education

  4. Energy

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which sector of the economy benefits the most from increased tourism due to sports infrastructure?

  1. Transportation and logistics

  2. Hospitality and accommodation

  3. Retail and merchandise

  4. All of the above

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

Increased tourism resulting from sports infrastructure benefits multiple sectors, including transportation, hospitality, retail, and merchandise sales.

Multiple choice

What was the main economic activity in the Travancore Kingdom?

  1. Agriculture

  2. Trade

  3. Industry

  4. Tourism

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

Agriculture was the primary economic activity in the Travancore Kingdom, with major crops including rice, coconut, and spices.

Multiple choice

Which of the following is NOT a common type of real estate property?

  1. Residential

  2. Commercial

  3. Industrial

  4. Agricultural

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

What are some of the success stories of the creative economy in developing countries?

  1. The film industry in India.

  2. The music industry in Nigeria.

  3. The fashion industry in Kenya.

  4. All of the above.

Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Which industry was given the highest priority during the Second Five-Year Plan (1956-1961)?

  1. Agriculture

  2. Heavy industries

  3. Small-scale industries

  4. Cottage industries

Reveal answer Fill a bubble to check yourself
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.