This quiz works best with JavaScript enabled. Home > Indian Economy > Basics > Sectors Of The Indian Economy – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Sectors Of The Indian Economy Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods A) Industrialization. B) Business. C) Industrial Licensing. D) FDI. Show Answer Correct Answer: A) Industrialization. 2. Which of the following statements is true in respect of Public Sector? A) An individual owns most of the assets. B) A group of people owns most of the assets. C) Big companies own most of the assets. D) Government owns the assets . Show Answer Correct Answer: D) Government owns the assets . 3. 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. 4. Industries falls under A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of above. Show Answer Correct Answer: B) Secondary sector. 5. In which sector government owns most of the assets and provides all the services? A) Primary Sector. B) Secondary Sector. C) Public Sector. D) Private Sector. Show Answer Correct Answer: C) Public Sector. 6. 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. 7. 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. 8. 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. 9. On what basis the sectors are classified into public and private sector A) Ownership of enterprises. B) By the profit. C) By their investment. D) None of the above. Show Answer Correct Answer: A) Ownership of enterprises. 10. Activities in private sector have a motive of ..... A) Service to citizens. B) Competition. C) Earning profits. D) Exploiting Labourers. Show Answer Correct Answer: C) Earning profits. 11. 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. 12. 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. 13. 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. 14. 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). 15. Fill in the blankThe central government in India had made a law implementing the ..... in about 625 districts of India. A) Right to increased wage. B) Right to governmental services. C) Right to education. D) Right to work. Show Answer Correct Answer: D) Right to work. 16. In which year 'National Rural Employment Guarantee Act was passed? A) 1980. B) 1985. C) 2004. D) 2005. Show Answer Correct Answer: D) 2005. 17. 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. 18. 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. 19. NREGA (National Rural Employment Guarantee Act of 2005) has guaranteed ..... days of employment in a year in many districts of India A) 200 days. B) 100 days. C) 30 days. D) 60 days. Show Answer Correct Answer: B) 100 days. 20. FDI stands for A) Foreign Direct Investment. B) Financial Direct Investment. C) Foreign Direct Information. D) None of the above. Show Answer Correct Answer: A) Foreign Direct Investment. ← PreviousNext →Related QuizzesIndian Economy 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 5Sectors Of The Indian Economy Quiz 6Sectors Of The Indian Economy Quiz 7Sectors Of The Indian Economy Quiz 8Sectors Of The Indian Economy Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books