Where will you find the disguised unemployment most? Select the correct option from those given below:
  • Among agricultural workers working for small farm lands
  • Among part-time industrial workers
  • In most of the government offices
  • In big private companies
When we produce a good by exploiting natural resources it is called……..?
  • Tertiary sector
  • Primary sector
  • Service sector
  • Public sector
Which of the following activities does not belong to the primary sector?
  • Fishing
  • Banking
  • Mining
  • Forestry
Which of the following examples does not fall under unorganized sector?
  • A farmer irrigating his field.
  • A daily wage laborer working for a contractor.
  • A doctor in a hospital treating a patient.
  • A handloom weaver working on a loom in her house.
GDP is the total value of _________ produced during a particular year.
  • All goods and services
  • All final goods and services
  • All intermediate goods and services
  • All intermediate and final goods and services
The sectors are classified into public and private sector on the basis of :
  • Employment conditions
  • The nature of economic activities
  • Number of workers employed
  • Ownership of enterprises
How do big private companies contribute in the development of a nation?
  • By increasing the demands for their products through advertisements.
  • By increasing their profits.
  • By increasing productivity of the country in the manufacturing of industrial goods.
  • By providing private hospital facilities for the rich.
What is the secondary sector?
  • Production of a good by exploiting natural resources
  • Activities in which natural products are changed into other forms through ways of manufacturing
  • Activities, by themselves, do not produce a good but they are an aid or support for the production process.
  • Mineral excavation
Name one functioning activity of the Tertiary sector?
  • Goods that are produced would need to be transported by trucks or trains and then sold in wholesale and retail shops
  • This sector gradually became associated with the different kinds of industries
  • Activities in which natural products are changed into other forms through ways of manufacturing
  • Produce a good by exploiting natural resources
Choose the correct meaning of organised sector:
  • It covers those enterprises where the terms of employment are regular.
  • It is outside the control of the government.
  • Jobs are not regular.
  • It provides low salaries.
When we produce a good by exploiting natural resources, it is an activity of the:
  • Secondary sector
  • Tertiary sector
  • Primary sector
  • Organised sector
The service sector includes activities such as:
  • agriculture, dairy, fishing and forestry
  • making sugar, gur and bricks
  • transport, communication and banking
  • None of these
Choose the correct meaning of organised sector:
  • It covers those enterprises where the terms of employment are regular.
  • It is outside the control of the government.
  • Jobs are not regular.
  • It provides low salaries.
Government owns most of the assets and provides all the services:
  • Private Sector
  • Public Sector
  • Organised Sector
  • Tertiary Sector
The value of all final goods and services produced within a country during a particular year is called as:
  • Gross Domestic Product
  • Net Domestic Product
  • National Product
  • Production of Tertiary Sector
A situation in which more persons are employed on a job than are optimally required is:
  • Structural unemployment
  • Disguised unemployment
  • Cyclical unemployment
  • Seasonal unemployment
which sector has considerably grown in recent years
  • primary
  • secondary
  • teritary
  • public sector
Service is both
  • tangible
  • intangible
  • physical product
  • both 1 and 2
Which of the following is not included in tertiary sector?
  • ATM
  • Internet cafe
  • Industries
  • All of them
The motive of Private sector enterprises is:
  • Profit making
  • Entertainment
  • Social welfare and security
  • None of these
Railway is an example of :
  • Private Sector
  • Public Sector
  • Secondary Sector
  • None of these
In which sector there is no provision for overtime, paid leave, holidays etc.
  • Organised sector
  • Public sector
  • Unorganised sector
  • Primary sector
The backbone of Indian Economy is
  • Industrial Sector
  • Agricultural Sector
  • National Income
  • GDP
India is the seventh largest agricultural _____________ across the globe
  • Exporter
  • Importer
  • Exporter and Importer
  • None of the above
More than ___ percent population of India ia engaged in agricultural sector
  • 60
  • 70
  • 50
  • 40
_________ replaces the traditional practices of Indian agricultural sector
  • World War
  • British Rule
  • Industrialization
  • Green Revolution
Which of the following is an example of Primary Industry
  • Horticulture
  • Poultry
  • Extraction of Timber
  • Cattle Breeding
Which of the following industry is concerned with extraction or drawing out goods from the soil, air or water
  • Primary Industry
  • Genetic Industry
  • Extractive Industry
  • Service Industry
Which of the following industry refers to those industries which require huge infrastructure, man power and have influx of capital assets
  • Primary Industry
  • Genetic Industry
  • Large Scale Industry
  • Service Industry
What is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods
  • Industrialization
  • Business
  • Industrial Licensing
  • FDI
Which of the following brings a rapid increase in the national income of the country
  • Business growth
  • Industrial Policy
  • Industrial growth
  • Industrial Revolution
MRTP stands for
  • Monopoly and Restrictive Trade Practices
  • Monopolies & Respective trade practices
  • Monopolies & restrictive trade practices
  • Monopolies & restrictive trade policy
FDI stands for
  • Foreign Direct Investment
  • Financial Direct Investment
  • Foreign Direct Information
  • None of the above
which of the following involves in its simplest form the buying and selling of agricultural produce
  • International Marketing
  • Agricultural Marketing
  • Marketing Strategy
  • Green Revolution
_________ occurs when industry is established on a large scale
  • Privatization
  • Globalization
  • Liberalization
  • Industrialization
The difference between a nations exports and imports is
  • Balance of Payment
  • Equilibrium
  • Balance of Trade
  • Balance of nation
Like any other commodity, the price of currency depends upon
  • Demand
  • Supply
  • Both
  • None
"Access by all people at all times to enough food for an active, healthy life " is the definition of
  • Company Security
  • Social Security
  • Customer Security
  • Food Security
A public distribution shop is also known as
  • Fair Price Shop (FPS)
  • Ration Shop
  • Free Distribution shop
  • All the above
A situation in which more persons are employed on a job than are optimally required is:
  • Structural unemployment
  • Seasonal unemployment
  • Disguised unemployment
  • Cyclic unemployment
Central government in India made a law, implementing the Right to Work in how many districts of India?
  • 150 districts
  • 200 districts
  • 250 districts
  • 625 districts
MGNREGA was implemented in
  • 1990
  • 1998
  • 2000
  • 2005
GDP is the sum total of the value of ________ produced during a particular year.
  • all goods and services
  • all final goods and services
  • all intermediate goods and services
  • all intermediate and final goods and services
Which sector has the largest contribution in GDP?
  • Agriculture sector
  • Industrial sector
  • Service sector
  • Manufacturing sector
Out of 200 million children in the school going age group, how many are attending schools?
  • One-fourth
  • Half
  • Two-thirds
  • One-fifth
GDP stands for Gross Domestic Product. What does it show? Pick up the correct statement given below
  • It shows how big is the economy of a country in a given year in terms of its total output.
  • It shows what the total product of a country in a given year without counting the country’s total resources.
  • It shows the number of people involved in production in a particular year.
  • It shows the total value of trade trans-actions of a country in a particular year.
Identify the natural product from the list of items given below:
  • Textile
  • Wheat flour
  • Cotton
  • Tomtao sauce
NREGA (National Rural Employment Guarantee Act of 2005) has guaranteed ………. days of employment in a year in many districts of India. What are the correct number of days?
  • 200
  • 100
  • 300
  • 150
Choose one correct statement from the following:Underemployment occurs —
  • when people are not willing to work.
  • when people are working slowly.
  • when people are working less than what they are capable of doing.
  • when people are not paid for their jobs
Which sector has emerged as the largest producing sector in India? Select one from the following alternatives:
  • Secondary sector
  • Tertiary sector
  • Primary sector
  • Science and Technology sector
How do big private companies contribute to the development of a nation?
  • (a) By increasing the demands for their products through advertisements.
  • (b) By increasing their profits.
  • (c) By increasing productivity of the country in the manufacturing of industrial goods.
  • (d) By providing private hospital facilities for the rich.
Communication and banking come under ……….. sector.
  • Tertiary
  • Primary
  • government
  • unsecure
Cotton cultivation falls under ……….. sector.
  • Service sector
  • Tertiary
  • Primary
  • Government
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