This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Basics > Sectors Of The Indian Economy – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Sectors Of The Indian Economy Quiz 4 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. It has been noted from the histories of many, now developed, countries that at initial stages of development, ..... sector was the most important sector of economic activity A) Secondary. B) Public. C) Tertiary. D) Primary. Show Answer Correct Answer: D) Primary. 2. Which of the following sentences is NOT wrong? A) A study conducted by NITI Aayog states that nearly 20 lakh jobs can be created in the agricultural sector alone. B) None of the above. C) A study conducted by NCE states that nearly 25 lakh jobs can be created in the educational sector alone. D) A study conducted by NCE Aayog states that nearly 25 lakh jobs can be created in the educational sector alone. Show Answer Correct Answer: B) None of the above. 3. Primary sector is known as A) Agriculture sector. B) Service sector. C) Both a and b. D) None of the above. Show Answer Correct Answer: A) Agriculture sector. 4. Both Tisco and Reliance Industries are owned by: A) The government. B) Private company. C) A cooperative society. D) Jointly by private companies and the govt. Show Answer Correct Answer: B) Private company. 5. Group of sectors on the basis of working condition A) Primary, secondary and tertiary sectors. B) Organised and Unorganised sectors. C) Private and Public sectors. D) None of above. Show Answer Correct Answer: B) Organised and Unorganised sectors. 6. Choose the sentence from the following, which is correct. A) The task of collection of data in all the three sectors of the economy is done by BPO. B) The task of collection of data in all the three sectors of the economy is done by UDPA. C) The task of collection of data in all the three sectors of the economy is done by IEGC. D) The task of collection of data in all the three sectors of the economy is done by NSSO. Show Answer Correct Answer: D) The task of collection of data in all the three sectors of the economy is done by NSSO. 7. Cotton cultivation falls under ..... sector. A) Tertiary. B) Government. C) Service sector. D) Primary. Show Answer Correct Answer: D) Primary. 8. Which of the following involves in its simplest form the buying and selling of agricultural produce A) Agricultural Marketing. B) Green Revolution. C) Marketing Strategy. D) International Marketing. Show Answer Correct Answer: A) Agricultural Marketing. 9. What is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods A) FDI. B) Industrial Licensing. C) Business. D) Industrialization. Show Answer Correct Answer: D) Industrialization. 10. Which of the following statements is true in respect of Public Sector? A) Government owns the assets . B) A group of people owns most of the assets. C) Big companies own most of the assets. D) An individual owns most of the assets. Show Answer Correct Answer: A) Government owns the assets . 11. Assertion (A):In certain areas, government has to undertake heavy spending to ensure that facilities are available to everyone in the society. Reason (R):Some of the things needed by the society, require spending large sums of money, which is beyond the capacity of the Private sector. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R is the not correct explanation of A. C) A is correct but R is wrong. D) A is wrong but R is correct. Show Answer Correct Answer: B) Both A and R are true and R is the not correct explanation of A. 12. Industries falls under A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of above. Show Answer Correct Answer: B) Secondary sector. 13. In which sector government owns most of the assets and provides all the services? A) Secondary Sector. B) Private Sector. C) Public Sector. D) Primary Sector. Show Answer Correct Answer: C) Public Sector. 14. Which of the following institutions provide data related to employment and unemployment?(i) National Sample Survey Organisation(ii) Reserve Bank of India A) All of the above. B) None of the above. C) Only [ii]. D) (i) National Sample Survey Organisation. Show Answer Correct Answer: D) (i) National Sample Survey Organisation. 15. Over the past decade or so, certain new services such as ..... have become important and essential? A) Private hospitals. B) Professional training. C) Information and communication technology. D) Insurance. Show Answer Correct Answer: C) Information and communication technology. 16. Assertion:The sum of the production of three sectors of the economy is called GDP (Gross Domestic Product). Reason:Only the final goods and services are included so that the intermediate goods do not get counted more than once. A) Both Assertion and Reason are true and the Reason is the correct explanation of the Assertion. B) Both Assertion and Reason are true bit the Reason is not the correct explanation of the Assertion. C) Assertion is true but the Reason is false. D) Assertion is false but the Reason is true. E) Both the Assertion and the Reason are false. Show Answer Correct Answer: B) Both Assertion and Reason are true bit the Reason is not the correct explanation of the Assertion. 17. Activities in private sector have a motive of ..... A) Earning profits. B) Competition. C) Service to citizens. D) Exploiting Labourers. Show Answer Correct Answer: A) Earning profits. 18. Assertion:An individual who manufactures flour from wheat is engaged in primary sector. Reason:When some process of manufacturing is used, the product is a part of secondary sector. A) Both assertion & reason are true & reason is the correct explanation of assertion. B) Both assertion & reason are true but reason is not the correct explanation of assertion. C) Assertion is true but reason is false. D) Assertion is false but reason is true. E) Both assertion & reason are false. Show Answer Correct Answer: E) Both assertion & reason are false. 19. To get GDP we should calculate the value of A) Final goods and services. B) Individual goods' value. Show Answer Correct Answer: A) Final goods and services. 20. Which sector includes the units producing services? A) Primary sector. B) Secondary sector. C) Tertiary sector. D) All the above. Show Answer Correct Answer: C) Tertiary sector. 21. What is the primary sector also called? A) Industrial sector. B) Agriculture sector. C) Related sector. D) Both (A) and (B). Show Answer Correct Answer: D) Both (A) and (B). 22. Fill in the blankThe central government in India had made a law implementing the ..... in about 625 districts of India. A) Right to education. B) Right to governmental services. C) Right to work. D) Right to increased wage. Show Answer Correct Answer: C) Right to work. 23. In which year 'National Rural Employment Guarantee Act was passed? A) 1980. B) 2004. C) 1985. D) 2005. Show Answer Correct Answer: D) 2005. 24. Assertion (A):Not every good or service that is produced or sold needs to be counted to know the total production in each sector. Reason (R):The value of final goods already includes the value of all the intermediate goods. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R is the not correct explanation of A. C) A is correct but R is wrong. D) A is wrong but R is correct. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 25. DON'T select the sentence from the following which is wrong. A) The central government in India made a law implementing the Right to Work in about 625 districts. B) The Mahatma Gandhi National Rural Guarantee Act was implemented in 2009. C) Education sector doesn't provide any employment. D) Farmers in India are the most profitable in the agricultural sector. Show Answer Correct Answer: A) The central government in India made a law implementing the Right to Work in about 625 districts. 26. NREGA (National Rural Employment Guarantee Act of 2005) has guaranteed ..... days of employment in a year in many districts of India A) 60 days. B) 30 days. C) 200 days. D) 100 days. Show Answer Correct Answer: D) 100 days. 27. Which sector has considerably grown in recent years A) Primary. B) Secondary. C) Public sector. D) Teritary. Show Answer Correct Answer: D) Teritary. 28. Who among the following fall under the organized sector? A) Purushothaman, a cleaning staff in a private bank. B) Nafeesa, a doctor getting all employment benefits.Ammini, a tailor stitching clothes at his home. C) Ammini, a tailor stitching clothes at his home. D) Raghu, a daily wage labourer working in a dam site under a contractor. Show Answer Correct Answer: B) Nafeesa, a doctor getting all employment benefits.Ammini, a tailor stitching clothes at his home. 29. Name the sector of the economy that does not produce any goods A) Primary Sector. B) Tertiary Sector. C) Secondary Sector. D) None of the above. Show Answer Correct Answer: B) Tertiary Sector. 30. Cotton is a ..... product and cloth is a ..... product. A) Natural, manufactured. B) Natural, final. C) Final, manufactured. D) None of above. Show Answer Correct Answer: A) Natural, manufactured. 31. Assertion:Rakesh is an educated and skill worker, who earns monthly high income salary as he is employed in private bank.Reason:All service sector in India are growing equally well and all the individual in this sector earns a high income A) Both assertion and reason are true and reason is the correct explanation of assertion. B) Both assertion and reason are true but reason is not the correct explanation of assertion. C) Assertion is true but Reason is false. D) Both Assertion and Reason are false. Show Answer Correct Answer: C) Assertion is true but Reason is false. 32. In the data given of GDP which was the most productive sector in 2013-14? A) Primary. B) Tertiary. C) Equal production. D) Secondary. Show Answer Correct Answer: B) Tertiary. 33. On which of the following basis, the sectors are classified into public and private sector? A) Ownership of enterprises. B) Employment conditions. C) Number of workers employed in an enterprise. D) The nature of economic activity. Show Answer Correct Answer: A) Ownership of enterprises. 34. Assertion:If enough jobs are created in secondary and tertiary sectors, it would lead to better economic development of the country. Reason:This would reduce underemployment in the primary sector and value potential of human resource. A) Both the Assertion and the Reason are true and the Reason is the correct explanation of the Assertion. B) Both the Assertion and the Reason are true but the Reason is not the correct explanation of the Assertion. C) Assertion is true but the Reason is false. D) Assertion is false but the Reason is true. E) Both Assertion and Reason are false. Show Answer Correct Answer: A) Both the Assertion and the Reason are true and the Reason is the correct explanation of the Assertion. 35. Assertion:In India, over the forty years between 1973-74 and 2013-14, while production in all three sectors has increased, it has increased the most in the primary sector. Reason:Primary sector is the only organized sector in the economy so the government spends a lot of money for creating jobs in the tertiary. A) Assertion and Reason are true and Reason is the correct explanation of Assertion. B) Assertion and Reason are true but U is not the correct explanation of Assertion. C) Both Assertion and Reason are false. D) Assertion is true but Reason is false. E) Assertion is false but Reason is true. Show Answer Correct Answer: C) Both Assertion and Reason are false. 36. Information and communication technology is associated with A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of the above. Show Answer Correct Answer: C) Tertiary sector. 37. As per Niti Aayog ..... jobs can be created by improvement of education sector A) 15 LAKH. B) 10 LAKH. C) 20 LAKH. D) 30 Thousand. Show Answer Correct Answer: C) 20 LAKH. 38. In the data given of GDP which was the least productive sector in 2013-2014? A) Agriculture and related sector. B) Manufacturing. C) Service Sector. D) Industrial Sector. Show Answer Correct Answer: A) Agriculture and related sector. 39. Railway is an example of: A) Private Sector. B) Public Sector. C) Secondary Sector. D) None of these. Show Answer Correct Answer: B) Public Sector. 40. How do big private companies contribute in the development of a nation? A) By increasing productivity of the country in the manufacturing of industrial good. B) By increasing their profits. C) By increasing the demands for their products through advertisements. D) By providing private hospitals facilities for the rich person. Show Answer Correct Answer: A) By increasing productivity of the country in the manufacturing of industrial good. 41. In India, the mammoth task of measuring GDP is undertaken by A) Union territories. B) A central government ministry. C) Indian states. D) All of the above. Show Answer Correct Answer: D) All of the above. 42. Conversion of raw material into finished products is an activity of A) Primary sector. B) Secondary sector. C) Tertiary sector. D) All of the above. Show Answer Correct Answer: B) Secondary sector. 43. People engaged in secondary activities are called A) Red collar. B) Blue collar. C) White collar. D) None of above. Show Answer Correct Answer: B) Blue collar. 44. Which of the following is not a method to increase income of the state? A) Tourism. B) Domestic Industries. C) Craft industry. D) Both B & C. Show Answer Correct Answer: C) Craft industry. 45. Since transportation and communication provide services, they are called secondary services. A) Some what right. B) Some what wrong. C) Absolutely right. D) Absolutely wrong. Show Answer Correct Answer: D) Absolutely wrong. 46. GDP is the sum of the value of ..... goods and services produced in a particular year by all the three sectors A) Primary. B) Tertiary. C) Final. D) Secondary. Show Answer Correct Answer: C) Final. 47. Assertion:Leela works five days a week, receives her income on the last day of each month and gets medical facilities from her firm.Reason:Leela is working in organized sector. A) Both assertion & reason are true & reason is the correct explanation of assertion. B) Both assertion & reason are true but reason is not the correct explanation of assertion. C) Assertion is true but reason is false. D) Both assertion & reason are false. Show Answer Correct Answer: A) Both assertion & reason are true & reason is the correct explanation of assertion. 48. Economic activities are highly ..... A) Producing. B) Independent. C) Wasteful. D) Interdependent. Show Answer Correct Answer: D) Interdependent. 49. Assertion:In India, over the forty years between 1972-74 and 2013-14, while production in all three sectors has decreased, it has increased the most in the primary sector.Reason:Tertiary sector is the only organized sector in the economy so the government spends a lot of money for creating jobs in the tertiary sector. A) Assertion and Reason are true and Reason is the incorrect explanation of the Assertion. B) Assertion and Reason are true and Reason is the correct explanation of the Assertion. C) Both Assertion and Reason are false. D) Assertion is true but Reason is false. E) Assertion is false but Reason is true. Show Answer Correct Answer: C) Both Assertion and Reason are false. 50. Which occupation belongs to the primary sector? A) Teaching. B) Fishing. C) Iron and steel industry. D) None of above. Show Answer Correct Answer: B) Fishing. 51. Which sector is characterized by small and scattered units which are largely outside thecontrol of the government? A) Private sector. B) Organized sector. C) Unorganized sector. D) Joint sector. Show Answer Correct Answer: C) Unorganized sector. 52. GDP stands for Gross Domestic Product What does it show? Pick up the correct statement given below: A) It shows the number of people involved in production in a particular year. B) It shows the total value of trade trans-actions of a country in a particular year. C) It shows what the total product of a country in a given year without counting the country's total resources. D) It shows how big is the economy of a country in a given year in terms of its total output. Show Answer Correct Answer: D) It shows how big is the economy of a country in a given year in terms of its total output. 53. Other name of underemployment A) Disguised unemployment. B) Hidden unemployment. C) Over employment. D) Both a and b. Show Answer Correct Answer: D) Both a and b. 54. Choose the meaning of organised sector: A) It provides low salaries. B) Jobs are not regular. C) It covers those enterprises where the terms of employment are regular. D) It is outside the control of the government. Show Answer Correct Answer: C) It covers those enterprises where the terms of employment are regular. 55. In urban areas, unorganised sector comprises mainly of ..... A) Sharecroppers. B) Share market people. C) Landless farmers. D) Workers in small scale industries. Show Answer Correct Answer: D) Workers in small scale industries. 56. The allownce given to the person who didnt get job under MGNREGA A) Employment allownancs. B) Unemployment allowances. C) Job allowances. D) None of above. Show Answer Correct Answer: B) Unemployment allowances. 57. How many sectors of economy are there? A) 3. B) 4. C) 2. D) None of above. Show Answer Correct Answer: A) 3. 58. GDP is the total value of ..... produced during a particular year. A) All goods and services. B) All final goods and services. C) All intermediate goods and services. D) All intermediate and final goods and services. Show Answer Correct Answer: B) All final goods and services. 59. The goods and services that finally reach the consumers are called ..... A) Intermediate goods. B) Final goods. C) Primary products. D) None of above. Show Answer Correct Answer: B) Final goods. 60. In India GDP is a ..... task that is taken up by ..... A) Enormous, Supreme Court. B) Mammoth, Central Govt. C) Huge, State Govt. D) Large, Central Govt. Show Answer Correct Answer: B) Mammoth, Central Govt. ← PreviousNext →Related QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesSectors Of The Indian Economy Quiz 1Sectors Of The Indian Economy Quiz 2Sectors Of The Indian Economy Quiz 3Sectors Of The Indian Economy Quiz 5Sectors Of The Indian Economy Quiz 6Sectors Of The Indian Economy Quiz 7Currency And Inflation QuizLifelines Of Indian Economy Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books