This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Basics > Sectors Of The Indian Economy – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Sectors Of The Indian Economy Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a necessary condition for sustainable development? A) Increase in the quality of life. B) Reduction in the level of pollution. C) Conservation of stock of natural capital. D) All of these. Show Answer Correct Answer: D) All of these. 2. Disguised unemployment can be observed in A) Rural area. B) Urban area. C) In both the areas. D) None of these. Show Answer Correct Answer: A) Rural area. 3. Find the odd one out and say why. A) Soldier. B) Postman. C) Cobbler. D) Police constable. Show Answer Correct Answer: C) Cobbler. 4. The money value of all final goods and services produced within a country during a particular year is called? A) Total Product. B) Production of Secondary Sector. C) Net Domestic Product. D) Gross Domestic Product. Show Answer Correct Answer: D) Gross Domestic Product. 5. The backbone of Indian Economy is A) National Income. B) GDP. C) Industrial Sector. D) Agricultural Sector. Show Answer Correct Answer: D) Agricultural Sector. 6. 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 the organized sector A) Both Assertion and Reason are true and the Reason is the correct explanation of the Assertion. B) Both Assertion and Reason are true but the Reason is not the correct explanation of Assertion. C) Assertion is true but the Reason is false. D) Both Assertion and Reason are false. E) Assertion is false but Reason is true. Show Answer Correct Answer: B) Both Assertion and Reason are true but the Reason is not the correct explanation of Assertion. 7. ..... % of rural households in India come under small and marginal farmer category A) 80 %. B) 73 %. C) 69 %. D) 77 %. Show Answer Correct Answer: A) 80 %. 8. Which of the following Acts would not apply to a company like TISCO? A) National Rural Employment Guarantee Act. B) Minimum Wages Act. C) Payment of Gratuity Act. D) Factories Act. Show Answer Correct Answer: A) National Rural Employment Guarantee Act. 9. Right to Work is a Central Government law that is also called the MGNREGA 2005 ACT A) True. B) False. Show Answer Correct Answer: A) True. 10. ..... occurs when industry is established on a large scale A) Industrialization. B) Liberalization. C) Globalization. D) Privatization. Show Answer Correct Answer: A) Industrialization. 11. In terms of GDP the share of tertiary sector in 2003 is ..... A) 70 per cent. B) Between 50 per cent to 60 per cent. C) Between 20 per cent to 30 per cent. D) Between 30 per cent to 40 per cent. Show Answer Correct Answer: B) Between 50 per cent to 60 per cent. 12. MGNREGA guarantee job to poor for A) 90 days. B) 100 days. C) 50 days. D) 60 days. Show Answer Correct Answer: B) 100 days. 13. Which sector of the economy is the largest employer? A) Service Sector. B) Industrial Sector. C) Agriculture Sector. D) None of the above. Show Answer Correct Answer: A) Service Sector. 14. Where are most of the peopleemployed? A) Tertiary. B) Secondary. C) Primary. D) None of above. Show Answer Correct Answer: C) Primary. 15. Goods used in the production of final goods and services are called ..... A) Final goods. B) Intermediate goods. C) Consumer goods. D) None of above. Show Answer Correct Answer: B) Intermediate goods. 16. Which sector has lost its share in GDP but still continues to be largest employer? A) Only c. B) Secondary. C) Primary. D) Tertiary. Show Answer Correct Answer: C) Primary. 17. Assertion:The initial stages of development had secondary sector as the most important sector. Reason:Over time, there has been a shift observed among different sectors. A) Both Assertion and Reason are true and the Reason is the correct explanation of the Assertion. B) Both Assertion and 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 the Assertion and the Reason are false. Show Answer Correct Answer: D) Assertion is false but the Reason is true. 18. Give an example of an intermediate good? A) Biscuits. B) Woven basket. C) Chair production from wood. D) Wheat flour. Show Answer Correct Answer: D) Wheat flour. 19. Underemployment is a situation where people: A) Are working less than what they are capable of doing. B) Do not want to work. C) Are not paid of their work. D) Are working in a lazy manner. Show Answer Correct Answer: A) Are working less than what they are capable of doing. 20. Production of a commodity, mostly through the natural process, is an activity in sector. A) Primary. B) Tertiary. C) Information technology. D) Secondary. Show Answer Correct Answer: A) Primary. 21. In terms of GDP the share of tertiary sector in 2003 is between: A) 50 %to60%. B) 30%to40%. C) 70%. D) 20%to30%. Show Answer Correct Answer: C) 70%. 22. The task of collection of data in all the three sectors of the economy is done by which of the following anlanizations. A) BPO. B) UNDP. C) NSSO. D) KPO. Show Answer Correct Answer: C) NSSO. 23. Small scale industries need support of the government because-A)selling electricity at high cost can push the cost of production.B)small scale industries employ largest number of workers A) A is true but B is wrong. B) B is true but A is incorrect. C) Both A and B are incorrect. D) Both A and B are correct reasons. Show Answer Correct Answer: D) Both A and B are correct reasons. 24. The sum of production in the three sectors gives what is called the ..... of a country? A) Net Domestic Product. B) Gross income. C) Gross Domestic Product. D) Net income. Show Answer Correct Answer: C) Gross Domestic Product. 25. The primary sector is also called ..... A) Service sector. B) Agriculture and related sector. C) Pre-industry sector. D) Unorganized sector. Show Answer Correct Answer: B) Agriculture and related sector. 26. The task of collection of data in all three sectors is done by A) KPO. B) BPO. C) NSSO. D) UNDP. Show Answer Correct Answer: C) NSSO. 27. Which of the below is an example of unorganised sector? A) A teacher teaching in school. B) A headload worker carrying a bag of cement on his back in a market. C) A factory worker going to work in a big factory. D) None of above. Show Answer Correct Answer: B) A headload worker carrying a bag of cement on his back in a market. 28. In which sector activities are not guided by profit? A) Organised. B) Public. C) Unorganised. D) Private. Show Answer Correct Answer: B) Public. 29. Which sector is also called as industrial sector? A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of these. Show Answer Correct Answer: B) Secondary sector. 30. The value of all goods and services produced within a country in a certain year is called its: A) National Product. B) Net Domestic Product. C) Gross Domestic Product. D) None of these. Show Answer Correct Answer: C) Gross Domestic Product. 31. In the last 100 years there is a shift in the developed economies and societies towards the A) Primary sector due to advanced agricultural techniques and greater demand due to population increase. B) Secondary sector as new methods of manufacturing were introduced and factories were employing huge work force to produce goods at cheaper rates. C) Tertiary Sector as most of the working people are using their time and energy to establish connectivity between Primary and Secondary sectors for smoother run of the economies. D) None of above. Show Answer Correct Answer: C) Tertiary Sector as most of the working people are using their time and energy to establish connectivity between Primary and Secondary sectors for smoother run of the economies. 32. WHY I THE SECONDARY SECTOR LATER BECOME THE MOST IMPORTANT SECTOR? A) AGRICULTURE DECLINED. B) PEOPLE BEGAN TO USE MANY MORE GOODS THAT WERE PRODUCE IN FACTORIES AT CHEAP RATES. C) EMPLOYMENT INCREASED. D) A & B. Show Answer Correct Answer: D) A & B. 33. In how many districts the "right to work" has been implemented? A) 625 districts. B) 525 districts. C) 675 districts. D) 200 districts. E) None of the above. Show Answer Correct Answer: A) 625 districts. 34. In which sector are natural products changed into form through ways of manufacturing? A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of above. Show Answer Correct Answer: B) Secondary sector. 35. MGNREGA guarantees job to poor for A) 120 days. B) 60 days. C) 25 days. D) 100 days. Show Answer Correct Answer: D) 100 days. 36. The unorganised sector is characterised by ..... A) Small and scattered units under the control of the government. B) Small and scattered units not under the control of the government. C) Large grouped units under the control of the government. D) None. Show Answer Correct Answer: B) Small and scattered units not under the control of the government. 37. Which of the following industry is concerned with extraction or drawing out goods from the soil, air or water A) Service Industry. B) Primary Industry. C) Extractive Industry. D) Genetic Industry. Show Answer Correct Answer: C) Extractive Industry. 38. GDP is the sum total of the 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. 39. THE SECONDARY SECTOR IS ALSO CALLED A) PUBLIC SECTOR. B) SERVICE SECTOR. C) INDUSTRIAL SECTOR. D) ORGANISED SECTOR. Show Answer Correct Answer: C) INDUSTRIAL SECTOR. 40. Which one is the correct option for the given statement?Dairy is a primary sector activity and not secondary sector despite the fact that 'industry' is attached to it, because A) Dairy products are availed through biological process of the animals. B) Availability of animal feed and fodder. C) The main product milk is a natural product. D) All of the above. Show Answer Correct Answer: D) All of the above. 41. Agriculture is an unorganized sector A) False. B) True. Show Answer Correct Answer: B) True. 42. Minimum Wages Act and Factories Act, Payment of Gratuity Act, Shops and Establishment Act are some of the laws associated with A) Private sector. B) Organized sector. C) Primary sector. D) Unorganized sector. Show Answer Correct Answer: B) Organized sector. 43. Which of the following is not applicable for a worker, who works in the organised sector? A) She gets a regular salary at the end of the month. B) She is not paid for leave. C) She gets medical allowance. D) She got an appointment letter stating the terms and conditions of work when she joins work. Show Answer Correct Answer: B) She is not paid for leave. 44. In India, ..... sector is largest employer while ..... sector is largest income generator. A) Tertiary, secondary. B) Tertiary, primary. C) Primary, tertiary. D) Secondary, tertiary. Show Answer Correct Answer: C) Primary, tertiary. 45. FIND OUT THE ODD ONE OUT? A) LAWYER. B) TEACHER. C) DOCTOR. D) VEGETABLE VENDOR. Show Answer Correct Answer: D) VEGETABLE VENDOR. 46. The public sector aims to make good use of taxpayers' money and provide the services needed. A) True. B) False. Show Answer Correct Answer: A) True. 47. How are goods produced in the agriculture and related sector? A) Overusing Natural Resources. B) Reusing Natural Resources. C) Effective usage of Natural Resources. D) Exploitation of Natural Resources. Show Answer Correct Answer: D) Exploitation of Natural Resources. 48. What is the main motive of private sector enterprises A) To give more wages to employee. B) To make facilities for public. C) To earn profit. D) All of these. Show Answer Correct Answer: C) To earn profit. 49. Which sector has emerged as the largest producing sector in India A) Secondary sector. B) Tertiary sector. C) Primary sector. D) Science and Technology sector. Show Answer Correct Answer: B) Tertiary sector. 50. Employment figures of a country are based on data collected from 5-yearly survey on employment and unemployment. Which organisation conducts this survey? A) Census of India. B) ILO-International Labour Organisation. C) NREGA 2005-National Rural Employment Guarantee Act, 2005. D) NSSO-National Sample Survey Organisation. Show Answer Correct Answer: C) NREGA 2005-National Rural Employment Guarantee Act, 2005. 51. The sectors are classified into public and private on the basis of A) Employment conditions. B) Ownership of enterprises. C) Number of workers employed in the enterprise s. D) The nature of economic activity. Show Answer Correct Answer: B) Ownership of enterprises. 52. Assertion" There are several goods and services that the society needs; however, public sector does not produce all of them. Reason:The private sector is profit driven. A) Both the Assertion and Reason are true but the Reason is not the explanation of the Assertion. B) Both the Assertion and Reason are true but the reason is not the explanation of the Assertion. C) The Assertion is false but the reason is true. D) The Assertion is true but the reason is false. E) Both the Assertion and the reason are false. Show Answer Correct Answer: C) The Assertion is false but the reason is true. 53. Total no jobs that can be made in tourism sector A) 30 lakh. B) 20 lakh. C) 40 lakh. D) 35 lakh. Show Answer Correct Answer: D) 35 lakh. 54. Full form of MGNREGA A) National rural employment guarantee act. B) Mahatma national rural employment guarantee act. C) Mahatma Gandhi national rural employment gurantee act. D) None of above. Show Answer Correct Answer: C) Mahatma Gandhi national rural employment gurantee act. 55. The motive of Private sector enterprises is: A) Profit making. B) Entertainment. C) Social welfare and security. D) None of these. Show Answer Correct Answer: A) Profit making. 56. Underemployment is hidden in contrast to someone who does not have a job and is clearly visible as unemployed It is also called ..... A) Disguised unemployment. B) Unstable employment. C) Less employment. D) Hidden employment. Show Answer Correct Answer: A) Disguised unemployment. 57. Underemployment is a type of hidden employment in contrast to someone who does not have a job. A) True. B) False. Show Answer Correct Answer: A) True. 58. The difference between a nations exports and imports is A) Equilibrium. B) Balance of Payment. C) Balance of Trade. D) Balance of nation. Show Answer Correct Answer: C) Balance of Trade. 59. A public distribution shop is also known as A) Fair Price Shop (FPS). B) Ration Shop. C) Free Distribution shop. D) All the above. Show Answer Correct Answer: A) Fair Price Shop (FPS). 60. Workers in this sector do not produce goods: A) Tertiary sector. B) Secondary sector. C) Primary sector. D) None of the above. Show Answer Correct Answer: A) Tertiary sector. ← 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 4Sectors 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