This quiz works best with JavaScript enabled. Home > Indian Economy > Basics > Sectors Of The Indian Economy – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Sectors Of The Indian Economy Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The money value of all final goods and services produced within a country during a particular year is called? A) Net Domestic Product. B) Gross Domestic Product. C) Production of Secondary Sector. D) Total Product. Show Answer Correct Answer: B) Gross Domestic Product. 2. The backbone of Indian Economy is A) Industrial Sector. B) Agricultural Sector. C) National Income. D) GDP. Show Answer Correct Answer: B) Agricultural Sector. 3. 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. 4. ..... % of rural households in India come under small and marginal farmer category A) 77 %. B) 69 %. C) 80 %. D) 73 %. Show Answer Correct Answer: C) 80 %. 5. Which of the following Acts would not apply to a company like TISCO? A) Minimum Wages Act. B) National Rural Employment Guarantee Act. C) Factories Act. D) Payment of Gratuity Act. Show Answer Correct Answer: B) National Rural Employment Guarantee Act. 6. 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. 7. ..... occurs when industry is established on a large scale A) Privatization. B) Globalization. C) Liberalization. D) Industrialization. Show Answer Correct Answer: D) Industrialization. 8. In terms of GDP the share of tertiary sector in 2003 is ..... A) Between 20 per cent to 30 per cent. B) Between 30 per cent to 40 per cent. C) Between 50 per cent to 60 per cent. D) 70 per cent. Show Answer Correct Answer: C) Between 50 per cent to 60 per cent. 9. MGNREGA guarantee job to poor for A) 100 days. B) 90 days. C) 60 days. D) 50 days. Show Answer Correct Answer: A) 100 days. 10. 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. 11. Where are most of the peopleemployed? A) Tertiary. B) Secondary. C) Primary. D) None of above. Show Answer Correct Answer: C) Primary. 12. THE MOTIVE OF THE PUBLIC SECTOR ENTERPRISES IS A) PROFIT MAKING. B) ENTERTAINMENT. C) SOCIAL WELFARE AND SECURITY. D) NONE OF THE ABOVE. Show Answer Correct Answer: C) SOCIAL WELFARE AND SECURITY. 13. 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. 14. On which of the following basis the sectors are classified into public sector and private sector? A) Employment conditions. B) The nature of the economic activity. C) Ownership of enterprises. D) Number of workers employed in the enterprise. Show Answer Correct Answer: C) Ownership of enterprises. 15. Which sector has lost its share in GDP but still continues to be largest employer? A) Tertiary. B) Primary. C) Secondary. D) Only c. Show Answer Correct Answer: B) Primary. 16. 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. 17. Give an example of an intermediate good? A) Woven basket. B) Chair production from wood. C) Wheat flour. D) Biscuits. Show Answer Correct Answer: C) Wheat flour. 18. Underemployment is a situation where people: A) Do not want to work. B) Are not paid of their work. C) Are working in a lazy manner. D) Are working less than what they are capable of doing. Show Answer Correct Answer: D) Are working less than what they are capable of doing. 19. Production of a commodity, mostly through the natural process, is an activity in sector. A) Primary. B) Secondary. C) Tertiary. D) Information technology. Show Answer Correct Answer: A) Primary. 20. In terms of GDP the share of tertiary sector in 2003 is between: A) 20%to30%. B) 30%to40%. C) 50 %to60%. D) 70%. Show Answer Correct Answer: D) 70%. ← 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