This quiz works best with JavaScript enabled. Home > Indian Economy > 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. A ..... proportion of labourers in India are working in the Unorganised sector. A) Large. B) Small. Show Answer Correct Answer: A) Large. 2. GDP includes A) Intermediate goods. B) Final goods. C) Final goods and services. D) None of above. Show Answer Correct Answer: C) Final goods and services. 3. Assertion:GDP shows how big an economy is.Reason:GDP is the value of all goods and services produced within the domestic territory of a country in a year. 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: A) Both assertion & reason are true & reason is the correct explanation of assertion. 4. The value of final goods and services produced in each sector during a particular year provides the ..... A) Average Production of the sector for that year. B) Net Production of the sector for that year. C) Total production of the sector for that year. D) Gross production of the sector for that year. Show Answer Correct Answer: C) Total production of the sector for that year. 5. 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. 6. 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. 7. Tertiary sector is also called service sector. A) True. B) False. Show Answer Correct Answer: A) True. 8. 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. 9. 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. 10. 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. 11. 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. 12. Which of the following is a private sector enterprise? A) TCS. B) BHEL. C) Postoffice. D) Air India. Show Answer Correct Answer: A) TCS. 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. 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. 17. 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. 18. Fill in the blanks using the correct optionMost of the workers in the ..... sector enjoy job security. A) Organised. B) Unorganised. Show Answer Correct Answer: A) Organised. 19. Which of the following activities is not the activity of Primary Sector? A) Milking. B) Fishing. C) Making of sugar. D) Farming. Show Answer Correct Answer: C) Making of sugar. 20. 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 not working in the unorganized sector. A) Assertion and Reason are true and reason is the correct explanation for the assertion. B) Assertion and reason are true but reason is not the correct explanation for the Assertion. C) Assertion is true but Reason is false. D) Assertion and Reason are both false. E) Assertion is false but Reason is true. Show Answer Correct Answer: A) Assertion and Reason are true and reason is the correct explanation for the assertion. ← PreviousNext →Related 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 9Sectors Of The Indian Economy Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books