This quiz works best with JavaScript enabled. Home > Indian Economy > Basics > Sectors Of The Indian Economy – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Sectors Of The Indian Economy Quiz 19 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Assertion:When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason:At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy. 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: D) Both assertion & reason are false. 2. MRTP stands for A) Monopoly and Restrictive Trade Practices. B) Monopolies and Respective trade practices. C) Monopolies & restrictive trade practices. D) Monopolies & restrictive trade policy. Show Answer Correct Answer: C) Monopolies & restrictive trade practices. 3. Tertiary sector is also called service sector. A) True. B) False. Show Answer Correct Answer: A) True. 4. What is the primary sector known as? A) Service sector. B) Agricultural sector. C) Manufacturing sector. D) None of above. Show Answer Correct Answer: B) Agricultural sector. 5. Primary sector continues to be the largest employer since 1973-74 until the present times because A) Tertiary sector is the largest contributor to the GDP. B) Secondary sector has grown in leaps and bounds. C) Not enough jobs were created in the secondary and tertiary sectors even though industrial output of goods have considerably risen by 9 times and 14 times in the service sector. D) None of above. Show Answer Correct Answer: C) Not enough jobs were created in the secondary and tertiary sectors even though industrial output of goods have considerably risen by 9 times and 14 times in the service sector. 6. Give an example of Intermediate good? A) Woven basket. B) Wheat flour. C) Biscuits. D) Chair production from wood. Show Answer Correct Answer: B) Wheat flour. 7. Which organisation India undertakes the task of measuring GDP A) Central government ministry. B) State government. C) Both of these. D) None of these. Show Answer Correct Answer: A) Central government ministry. 8. The sector of the economy that has become the least contributor to GDP in recent years is A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of above. Show Answer Correct Answer: A) Primary sector. 9. Which of the following is a private sector enterprise? A) TCS. B) BHEL. C) Postoffice. D) Air India. Show Answer Correct Answer: A) TCS. 10. Pick the incorrect option:GDP is defined as Gross Domestic Product of a country when we take into account the A) Value of final goods and services produced in each sector during a particular year, providing the total production of the sector for that year. B) The sum of production in the three sectors gives us the GDP. C) The value of intermediate goods that are used in making the final goods. D) None of the above is incorrect. Show Answer Correct Answer: C) The value of intermediate goods that are used in making the final goods. 11. Which sector is also called as service sector? A) Secondary sector. B) Primary sector. C) Tertiary sector. D) None of these. Show Answer Correct Answer: C) Tertiary sector. 12. Under the ..... all those who are able to, and are in need of work, in a rural area are guaranteed 100 days of employment in a year by the government. A) Right to work. B) Employment Right Act. C) National Rural Employment Guarantee Act 2005. D) None of above. Show Answer Correct Answer: C) National Rural Employment Guarantee Act 2005. 13. In which sector activities are not guided by profit motive? A) Organised sector. B) Public sector. C) Private sector. D) Unorganised sector. Show Answer Correct Answer: B) Public sector. 14. In urban areas, unorganized sector comprises mainly of which of the following? A) People who work in hospitals. B) People who work as employers in a company. C) Teachers. D) Workers in a transportation company. Show Answer Correct Answer: D) Workers in a transportation company. 15. Assertion:Mohan is a shopkeeper who pays his taxes on time. He has employed two workers Rakesh and Raghu in his shop. He pays them well, however, none of the workers get any paid leaves in the year. Reason:Rakesh and Raghu are employed in unorganized sector. A) Both assertion & reason are true and 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: A) Both assertion & reason are true and reason is the correct explanation of assertion. 16. ..... is also called Tertiary sector. A) Manufacturing sector. B) Agriculture sector. C) Services sector. D) Industrial sector. Show Answer Correct Answer: C) Services sector. 17. Why do the workers need protection and support of the government in the unorganised sector? A) There is no job security. B) Pay is low. C) They are often exploited. D) All of the above. E) None of the above. Show Answer Correct Answer: D) All of the above. 18. Another name for secondary sector is ..... A) Primary sector. B) Tertiary sector. C) Service sector. D) Industrial sector. Show Answer Correct Answer: D) Industrial sector. 19. In India, ..... is the largest sector, while ..... sector is the largest income generator. A) Primary; secondary. B) Tertiary; primary. C) Primary; tertiary. D) Secondary tertiary. Show Answer Correct Answer: C) Primary; tertiary. 20. Identify the natural product from the list of items given below: A) Textile. B) Wheat flour. C) Cotton. D) Tomtao sauce. Show Answer Correct Answer: C) Cotton. ← 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