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Sectors Of The Indian Economy Quiz 7 (25 MCQs)

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1. Assertion:An individual who manufacture flour from wheat is engaged in the tertiary sector.Reason:When some process of manufacturing is used, the product is a part of the secondary sector.
2. Assertion:In India, over the forty years between 1973-74 and 2013-14, while production in all the three sectors has increased, it has increased the most in the tertiary sector. Reason:Tertiary sector is the only organized sector in the economy so the government spends a lot of money for creating jobs in tertiary sector.
3. Which of the following sentences is NOT wrong?
4. Primary sector is known as
5. Group of sectors on the basis of working condition
6. Choose the sentence from the following, which is correct.
7. What is the secondary sector known as?
8. Which of the following involves in its simplest form the buying and selling of agricultural produce
9. What is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods
10. Which of the following statements is true in respect of Public Sector?
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.
12. Industries falls under
13. In which sector government owns most of the assets and provides all the services?
14. Which of the following institutions provide data related to employment and unemployment?(i) National Sample Survey Organisation(ii) Reserve Bank of India
15. 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.
16. On what basis the sectors are classified into public and private sector
17. Activities in private sector have a motive of _____
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.
19. To get GDP we should calculate the value of
20. Which sector includes the units producing services?
21. What is the primary sector also called?
22. Fill in the blankThe central government in India had made a law implementing the _____ in about 625 districts of India.
23. In which year 'National Rural Employment Guarantee Act was passed?
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.
25. DON'T select the sentence from the following which is wrong.
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