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CBSE Questions for Class 10 Economics Sectors Of The Indian Economy Quiz 3 - MCQExams.com
CBSE
Class 10 Economics
Sectors Of The Indian Economy
Quiz 3
Which of the following statements is correct with regards to India?
Report Question
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Tertiary sector contributes the maximum to GDP.
0%
India is basically a socialist economy.
0%
In India, distribution of income and wealth is quite equitable.
0%
None of the above.
Explanation
Sector which includes trade, transport, banking, communication and services is known as tertiary sector. Tertiary sector mainly deals with services. Hence, tertiary sector is also known as service sector of the economy. Service sector is the largest contributor to GDP in India.
Service Sector accounted for nearly _______ of Exports (2011-12).
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0%
two third
0%
one fourth
0%
one third
0%
two fourth
Explanation
Sector which includes trade, transport, banking, communication and services is known as tertiary sector. Tertiary sector mainly deals with services. Hence, tertiary sector is also known as service sector of the economy. Service sector is the largest contributor to GDP in India and accounts for nearly one third of exports accoding to the data of 2011-12.
Which of the following is true with regards to GDP in India?
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Primary sector's contribution to GDP has consistently increased.
0%
Secondary sector contributes maximum to GDP.
0%
Both (a) & (b).
0%
Service sector contributed maximum to GDP.
Explanation
Sector which includes trade, transport, banking, communication and services is known as tertiary sector. Tertiary sector mainly deals with services. Hence, tertiary sector is also known as service sector of the economy. Service sector is the largest contributor to GDP in India.
Which of the following is a contribution of service sector to the Indian economy?
Report Question
0%
Share in GDP
0%
Share in exports
0%
Employment opportunities
0%
All of the above
Explanation
Service sector is also known as the tertiary sector of the economy. For example, accounting, tourism, etc are included in the service sector. Contribution of service sector to the Indian economy are as follows:
a) Share in GDP
b) Share in exports
c) Employment opportunities
The share of service sector to GDP in India is showing a/an _________ trend.
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0%
increasing
0%
decreasing
0%
constant
0%
none of the above
Explanation
The share of service sector to GDP in India is showing an increasing trend. Service sector is also known as the tertiary sector of the economy. For example, accounting, tourism, etc are included in the service sector.
Which of the following sectors of economy is also called Industrial sector?
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0%
Primary
0%
Secondary
0%
Tertiary
0%
None of these
Explanation
The secondary sector covers activities in which natural products are changed into other forms throughways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. This could be in a factory, a workshop or at home. For example, using cotton fibre from the plant, we spin yarn and weave cloth. Using sugarcane as a raw material, we make sugar or gur. We convert earth into bricks and use bricks to make houses and buildings. Since this sector gradually became associated with the different kinds of industries that came
up, it is also called as industrial sector.
Which one of the following is correct? Over the years the _________.
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agricultural production has been falling
0%
the industrial production has been falling
0%
the share of service sector and manufacturing sector in India's GDP has been stagnant
0%
the share of the agricultural sector in India's GDP has been falling.
Explanation
In India, percentage of population employed in Agriculture has decreased from period of independence to the current date since with the rise in demand for goods and services produced by secondary and tertiary sector, workforce of primary sector starts decreasing and as a result, the GDP from agricultural sector also gets reduced from the period of Independence to the current date.
The sectors are classified into public and private sector on the basis of:
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employment conditions
0%
the nature of economic activity
0%
ownership of enterprises
0%
number of workers employed in the enterprise
Explanation
Another way of classifying economic activities into sectors could be on the basis of who owns assets and is responsible for the delivery of services. In the public sector, the government owns most of the assets and provides all the services. In the private sector, ownership of assets and delivery of services is in the hands of private
individuals or companies.
Workers in the _________ sector do not produce goods.
Report Question
0%
Industrial
0%
Tertiary
0%
Agricultural
0%
Secondary
Explanation
After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the first two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. For example, goods that are produced in the primary or secondary sector would need to be transported by trucks or trains and then sold in wholesale and retail shops. At times ,it may be necessary to store these in godowns. We also may need to talk to others over telephone or send letters(communication) or borrow money from banks (banking) to help production and trade. Transport, storage, communication, banking, trade are some examples of tertiary activities. Since these activities generate services rather than goods, the tertiary sector is also called the
service sector.
Share of agriculture and their allied products in total export is about ___________ as per 2011-12.
Report Question
0%
60%
0%
65%
0%
10%
0%
75%
Explanation
Agriculture is included inn the primary sector of the economy. This sector employs about 50% of the population of India. Share of agriculture and their allied products in total export is about 10% as per 2011-12.
Agriculture and related sector is called the primary sector of the economy.
Report Question
0%
True
0%
False
Explanation
When we produce a good by exploiting natural resources, it is an activity of the primary sector. Why primary? This is because it forms the base for all other products that we subsequently make. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector.
The ________ covers activities in which natural products are changed into other forms throughways of manufacturing that we
associate with industrial activity.
Report Question
0%
Secondary sector
0%
Primary Sector
0%
Tertiary Sector
0%
None of the above
Explanation
The secondary sector covers activities in which natural products are changed into other forms throughways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. This could be in a factory, a
workshop or at home.
The largest proportion of work force in India is engaged in the _____________.
Report Question
0%
external sector
0%
primary sector
0%
secondary sector
0%
tertiary sector
Explanation
The largest proportion of work force in India is engaged in the primary sector. This sector employs 50-60% of the population.
Primary sector consists of agriculture. It is also known as raw material sector. Agriculture, crop production, animal husbandry, fisheries and mining- all are included in primary sector.
Which sector is also called agricultural related sector?
Report Question
0%
Primary
0%
Secondary`
0%
Tertiary
0%
Private
Explanation
When we produce a good by exploiting natural resources, it is an activity of the primary sector. Why primary? This is because it forms the base for all other products that we subsequently make. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector.
When we produce a good by exploiting natural resources, it is an activity of
the
Report Question
0%
Secondary sector
0%
Primary sector
0%
Tertiary Sector
0%
Essential Sector
Explanation
When we produce a good by exploiting natural resources, it is an activity of the primary sector. This is because it forms the base for all other products that we subsequently make. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related
sector.
In India, the mammoth task of
measuring GDP is undertaken by
Report Question
0%
Parliament
0%
President
0%
Government of India
0%
State government
Explanation
In India, the mammoth task of measuring GDP is undertaken by a central government ministry. This Ministry, with the help of various government departments of all the Indian states and union territories, collects information relating to total volume of goods and services and their
prices and then estimates the GDP.
How many days of work is guaranteed under MNREGA?
Report Question
0%
110
0%
100
0%
120
0%
125
Explanation
The central government in India made a law implementing the Right to Work in about 625 districts of India. It is called Mahatma Gandhi National Rural Employment Guarantee Act2005 (MGNREGA 2005).
Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are guaranteed 100 days of employment in a year by the government.
If the government fails in its duty to provide employment, it will give unemployment allowances to the people. The types of work that would in future help to increase the production from land will be given preference under the Act.
In the public sector, the government is the
owner.
Report Question
0%
True
0%
False
Explanation
Another way of classifying economic activities into sectors could be on the basis of who owns assets and is responsible for the delivery of services. In the public sector, the government owns most of the assets and provides all the services. In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. Railways or post office is an example of the public sector whereas companies like Tata Iron and Steel Company Limited(TISCO) or Reliance Industries
Limited (RIL) are privately owned.
MNREGA ACT was passed by Parliament to provide urban employment.
Report Question
0%
True
0%
False
Explanation
The central government in India made a law implementing the Right to Work in about 625 districts of India. It is called Mahatma Gandhi National Rural Employment Guarantee Act2005 (MGNREGA 2005). Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are guaranteed 100 days of employment in a year by the government. If the government fails in its duty to provide employment, it will give unemployment allowances to the people. The types of work that would in future help to increase the production from land will be given preference under the Act.
Tata Iron and Steel company is example of
Report Question
0%
Private Company
0%
Government Company
0%
Technology Company
0%
None of these
Explanation
Another way of classifying economic activities into sectors could be on the basis of who owns assets and is responsible for the delivery of services. In the public sector, the government owns most of the assets and provides all the services. In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. Railways or post office is an example of the public sector whereas companies like Tata Iron and Steel Company Limited(TISCO) or Reliance Industries
Limited (RIL) are privately owned.
The ------------ is characterised by small and scattered units which are largely
outside the control of the government.
Report Question
0%
Primary sector
0%
Organised Sector
0%
Unorganised Sector
0%
Tertiary Sector
Explanation
The unorganised sector is characterised by small and scattered units which are largely outside the control of the government. There are rules and regulations but these are not followed. There is no provision for overtime, paid leave, holidays, leave due to sickness etc. Employment is not secure. People can be asked to leave without any reason. When there is less work, such as during some seasons, some people may be asked to leave. A lot also depends on the whims of the employer. This sector includes a large number of people who are employed on their own doing small jobs such as selling on the street or doing repair
work.
Most of the workers in the _________ sector enjoy job security.
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0%
Organised
0%
Unorganised
0%
Both a and b
0%
Neither a nor b
Explanation
Organised sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its rules and regulations which are given in various laws such as the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops and Establishments Act etc. It is called organised because it has some formal processes and procedures. Some of these people may not be employed by anyone but may work on their own but they too have to register themselves with the government and
follow the rules and regulations.
MNREGA is related to
Report Question
0%
Right to education
0%
Right to work
0%
Right to Life
0%
Right to equality
Explanation
the central government in India made a law implementing the Right to Work in about 625 districts of India. It is called Mahatma Gandhi National Rural Employment Guarantee Act2005 (MGNREGA 2005). Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are guaranteed 100 days of employment in a year by the government. If the government fails in its duty to provide employment, it will give unemployment allowances to the people. The types of work that would in future help to increase the production from land will be given
preference under the Act.
_________ is the value of all final goods and services produced within a country during a
particular year.
Report Question
0%
GNP
0%
GDP
0%
Inflation Rate
0%
Industrial output
Explanation
The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big
the economy is.
MNREGA was launched in
Report Question
0%
2004
0%
2005
0%
2006
0%
2007
Explanation
the central government in India made a law implementing the Right to Work in about 625 districts of India. It is called Mahatma Gandhi National Rural Employment Guarantee Act2005 (MGNREGA 2005). Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are guaranteed 100 days of employment in a year by the government. If the government fails in its duty to provide employment, it will give unemployment allowances to the people. The types of work that would in future help to increase the production from land will be given
preference under the Act.
Primary activities are those which are directly produced from natural resources.
Report Question
0%
True
0%
False
Explanation
There are many activities that are undertaken by directly using natural resources. Take, for example, the cultivation of cotton. It takes place within a crop season. For the growth of the cotton plant, we depend mainly, but not entirely, on natural factors like rainfall, sunshine and climate. The product of this activity, cotton, is a natural product. Similarly, in the case of an activity like dairy, we are dependent on the biological process of the animals and availability of fodder etc. The product here, milk, also is a natural product. Similarly, minerals and ores are also natural products. When we produce a good by exploiting natural resources, it is an activity of the primary sector.
Underemployment occurs when people
Report Question
0%
do not want to work
0%
are working in a lazy manner
0%
are working less than what they are capable of doing
0%
are not paid for their work
Explanation
Even though industrial output or the production of goods went up by more than nine times during the period, employment in the industry went up by around three times. The same applies to the tertiary sector as well. While production in the service sector rose by 14 times, employment in the service sector rose around five times. As a result, more than half of the workers in the country are working in the primary sector, mainly in agriculture, producing only about one sixth of the GDP. In contrast to this, the secondary and tertiary sectors produce the rest of the produce whereas they employ less about half the people. Does this mean that the workers in agriculture are not producing as much as they could? What it means is that there are more people in agriculture than is necessary. So, even if you move a few people out, production will not be affected. In other words, workers in the agricultural sector are
underemployed.
Which of the following does not come under Primary sector?
Report Question
0%
Cotton cultivation
0%
Milk production
0%
Fishermen
0%
Priest
Explanation
There are many activities that are undertaken by directly using natural resources. Take, for example, the cultivation of cotton. It takes place within a crop season. For the growth of the cotton plant, we depend mainly, but not entirely, on natural factors like rainfall, sunshine and climate. The product of this activity, cotton, is a natural product. Similarly, in the case of an activity like dairy, we are dependent on the biological process of the animals and availability of fodder etc. The product here, milk, also is a natural product. Similarly, minerals and ores are also natural products. When we produce a good by exploiting natural resources, it is an activity of
the primary sector.
__________ sector help in development of primary and secondary sector.
Report Question
0%
private sector
0%
public sector
0%
tertiary sector
0%
agriculture
Explanation
After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. For example, goods that are produced in the primary or secondary sector would need to be transported by trucks or trains and then sold in wholesale and retail shops. At times, it may be necessary to store these in godowns. We also may need to talk to others over telephone or send letters(communication) or borrow money from banks (banking) to help production and trade. Transport, storage, communication, banking, trade are some examples of tertiary activities. Since these activities generate services rather than goods ,the tertiary sector is also called the
service sector.
Which of the following sectors in India are underemployed?
Report Question
0%
Industrial
0%
Services
0%
Agricultural
0%
None of these
Explanation
Even though industrial output or the production of goods went up by more than nine times during the period, employment in the industry went up by around three times. The same applies to the tertiary sector as well. While production in the service sector rose by 14 times, employment in the service sector rose around five times. As a result, more than half of the workers in the country are working in the primary sector, mainly in agriculture, producing only about one sixth of the GDP. In contrast to this, the secondary and tertiary sectors produce the rest of the produce whereas they employ less about half the people. Does this mean that the workers in agriculture are not producing as much as they could? What it means is that there are more people in agriculture than is necessary. So, even if you move a few people out, production will not be affected. In other words, workers in the agricultural sector are underemployed.
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