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 an example of a specific tax?

  1. Income tax

  2. Sales tax

  3. Property tax

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

Excise tax is a specific tax, meaning that it is levied at a fixed amount per unit of the good or service.

Multiple choice

Which of the following is an example of a subsidy?

  1. Income tax

  2. Sales tax

  3. Property tax

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

Agricultural subsidy is a subsidy, meaning that it is a payment made to producers.

Multiple choice

What are some of the key infrastructure projects that are needed to support the mining industry in India?

  1. Roads and railways.

  2. Ports and harbors.

  3. Power plants and transmission lines.

  4. Water treatment facilities.
Reveal answer Fill a bubble to check yourself
Correct answer
Explanation

The mining industry in India requires a range of infrastructure projects, including roads and railways, ports and harbors, power plants and transmission lines, and water treatment facilities.

Multiple choice

Which sectors are prohibited for FDI in India?

  1. Defense

  2. Agriculture

  3. Retail

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

FDI is prohibited in the defense sector in India.

Multiple choice

What is the main occupation of the people living in the Deccan Plateau region?

  1. Agriculture

  2. Industry

  3. Services

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

Agriculture is the main occupation of the people living in the Deccan Plateau region, with over 60% of the population engaged in farming activities.

Multiple choice

Which of the following is an example of a primary economic activity?

  1. Agriculture

  2. Mining

  3. Manufacturing

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

Mining is a primary economic activity because it involves the extraction of natural resources from the earth.

Multiple choice

Which of the following is an example of a secondary economic activity?

  1. Agriculture

  2. Mining

  3. Manufacturing

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

Manufacturing is a secondary economic activity because it involves the processing of raw materials into finished goods.

Multiple choice

Which of the following is an example of a tertiary economic activity?

  1. Agriculture

  2. Mining

  3. Manufacturing

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

Services are a tertiary economic activity because they involve the provision of intangible goods and services.

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 software services, has been the primary beneficiary of globalization in India, contributing significantly to the country's economic growth and global competitiveness.

Multiple choice

What is the primary contribution of tourism and hospitality to GDP?

  1. Direct Employment

  2. Indirect Employment

  3. Induced Employment

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

Tourism and hospitality directly contribute to GDP through the employment of individuals in various sectors such as hotels, restaurants, transportation, and attractions.

Multiple choice

How does tourism and hospitality indirectly contribute to GDP?

  1. Increased Demand for Goods and Services

  2. Improved Infrastructure

  3. Foreign Exchange Earnings

  4. Investment in Tourism-Related Projects
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Tourism and hospitality indirectly contribute to GDP by stimulating demand for goods and services from other industries, such as agriculture, manufacturing, and retail.

Multiple choice

Which of the following is not a positive impact of tourism and hospitality on GDP?

  1. Increased Foreign Exchange Earnings

  2. Job Creation

  3. Improved Infrastructure

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

Environmental degradation is a negative impact of tourism and hospitality, as it can lead to pollution, resource depletion, and habitat destruction.

Multiple choice

What is the significance of tourism and hospitality in the overall economic development of a country?

  1. Contributes to GDP

  2. Generates Employment

  3. Promotes Cultural Exchange

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

Tourism and hospitality contribute to the overall economic development of a country by contributing to GDP, generating employment, and promoting cultural exchange.

Multiple choice

How can medical tourism be used to promote economic development?

  1. Medical tourism can create jobs.

  2. Medical tourism can generate revenue for local businesses.

  3. Medical tourism can improve the infrastructure of a region.

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

Medical tourism can be used to promote economic development by creating jobs, generating revenue for local businesses, and improving the infrastructure of a region.

Multiple choice

Which sector of the Indian economy has experienced the most significant growth due to urbanization?

  1. Agriculture

  2. Manufacturing

  3. Services

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

The service sector in India has grown the most due to urbanization, as it includes industries such as finance, healthcare, education, and tourism.