Economics: Sectors of the Indian Economy

Topics in this chapter

• Economic Sector Classification
• Interdependence, Growth, And Change
• Organized And Unorganized Employment
• Public And Private Ownership
• Employment Challenges And Generation
• Rural Development And Infrastructure

Cheat sheet

Practice questions

1. Question 1Q-F3DB35

   Which of the following activities belongs to the primary sector?

   1. A.Weaving clothes
   2. B.Banking
   3. C.Fishing
   4. D.Transporting goods
   See the answer and solution
2. Question 2Q-E4CA00

   Why is the tertiary sector also referred to as the service sector?

   1. A.It manufactures goods using machinery.
   2. B.It provides intangible services that assist the primary and secondary sectors.
   3. C.It extracts raw materials from the earth.
   4. D.It is exclusively run by the government for charity.
   See the answer and solution
3. Question 3Q-5E88EA

   Underemployment is most prominently visible in which of the following economic areas in India?

   1. A.Information Technology industry
   2. B.Large-scale manufacturing factories
   3. C.Agriculture
   4. D.Banking and insurance
   See the answer and solution
4. Question 4Q-27DA18

   What is the primary motive of public sector enterprises?

   1. A.Maximizing individual profits
   2. B.Social welfare and public security
   3. C.Monopolizing global trade
   4. D.Eliminating all private businesses
   See the answer and solution
5. Question 5Q-C94EA0

   Which of the following acts guarantees 100 days of employment in a year to rural households in India?

   1. A.Right to Information Act (RTI)
   2. B.Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
   3. C.National Food Security Act (NFSA)
   4. D.Factories Act
   See the answer and solution