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

Which of the following is not a major handicraft industry in India?

  1. Carpet Weaving

  2. Wood Carving

  3. Automobile Manufacturing

  4. Pottery
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Automobile Manufacturing is not a major handicraft industry in India. It is a large-scale industry that involves the production of vehicles using modern machinery and technology.

Multiple choice

Which of the following is NOT a sector of the food economy?

  1. Agriculture

  2. Manufacturing

  3. Retail

  4. Services
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Services is not a sector of the food economy. Agriculture, manufacturing, and retail are the primary sectors of the food economy.

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 includes industries such as finance, healthcare, and education, which thrive in urban areas.

Multiple choice

Which sector was given the highest priority in the Mahalanobis Model?

  1. Agriculture

  2. Industry

  3. Services

  4. Infrastructure
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Industry was given the highest priority in the Mahalanobis Model.

Multiple choice

What are some examples of successful industrial policies?

  1. The development of the electronics industry in South Korea

  2. The development of the automobile industry in Japan

  3. The development of the information technology industry in the United States

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Examples of successful industrial policies include the development of the electronics industry in South Korea, the development of the automobile industry in Japan, and the development of the information technology industry in the United States.

Multiple choice

What is the primary economic activity in the Mediterranean climate zone of India?

  1. Agriculture

  2. Tourism

  3. Manufacturing

  4. Mining
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agriculture is the primary economic activity in the Mediterranean climate zone of India, with a focus on crops such as olives, grapes, and citrus fruits, as well as vegetables and spices.

Multiple choice

What is the role of the private sector in urban development in India?

  1. Developing residential and commercial properties

  2. Investing in infrastructure projects

  3. Providing essential services

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The private sector plays a significant role in urban development in India by developing residential and commercial properties, investing in infrastructure projects, and providing essential services.

Multiple choice

Which industry was hit hardest by the Great Recession?

  1. Construction

  2. Manufacturing

  3. Retail

  4. Financial services
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The construction industry was hit hardest by the Great Recession, with employment falling by 2.3 million jobs.

Multiple choice

Which economic sector is most vulnerable to automation?

  1. Manufacturing

  2. Agriculture

  3. Services

  4. Healthcare
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Manufacturing is considered to be the most vulnerable sector to automation due to the increasing adoption of robots and automated machinery.

Multiple choice

Which economic sector is expected to experience significant growth in the Future of Work?

  1. Information Technology

  2. Healthcare

  3. Renewable Energy

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Information Technology, Healthcare, and Renewable Energy are sectors expected to experience significant growth in the Future of Work.

Multiple choice

What was the main occupation of the people of the Cochin Kingdom?

  1. Agriculture

  2. Fishing

  3. Trade

  4. Manufacturing
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agriculture was the main occupation of the people of the Cochin Kingdom.

Multiple choice

Which of the following is NOT a source of government revenue?

  1. Taxes

  2. Fees

  3. Fines

  4. Donations
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Donations are not a source of government revenue as they are voluntary contributions made by individuals or organizations.

Multiple choice

Which type of tax is levied on the income of individuals and businesses?

  1. Income tax

  2. Sales tax

  3. Property tax

  4. Excise tax
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Income tax is a tax levied on the income of individuals and businesses.

Multiple choice

Which of the following is an example of a progressive tax?

  1. Income tax

  2. Sales tax

  3. Property tax

  4. Excise tax
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Income tax is a progressive tax, meaning that the tax rate increases as the taxable income increases.

Multiple choice

Which of the following is an example of a regressive tax?

  1. Income tax

  2. Sales tax

  3. Property tax

  4. Excise tax
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Sales tax is a regressive tax, meaning that the tax rate decreases as the taxable income increases.