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Sectors of the Indian Economy Test - 11

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Sectors of the Indian Economy Test - 11
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Weekly Quiz Competition
  • Question 1
    1 / -0
    In India, percentage of population employed in Agriculture has _______ from period of independence to the current date.
    Solution
    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.
  • Question 2
    1 / -0
    In India, absolute number of people employed in Agriculture had___________ from the period of independence.
    Solution
    In India, absolute number of people employed in Agriculture had increased from the period of independence as the population of India has increased in a high rate. But the percentage of population employed in agricultural sector has decreased.
  • Question 3
    1 / -0
    In India, Agriculture provides employment to _______ of the population.
    Solution
    In India, Agriculture provides employment to50%-60% of the population. Agriculture is included in the primary sector. It creates employment for most of the Indian population. Hence it forms a major part in the primary sector of the economy.
  • Question 4
    1 / -0
    Periods of less than full employment of resources correspond to ___________.
    Solution
    Period of less than full employment means 'unemployment' and in this case an economy operated inside the PPC, because if an economy produce on the PPC curve, it represents full employment of resources.
  • Question 5
    1 / -0
    As an economy grows, the share of Primary Sector to the GDP ___________.
    Solution
    As economy grows, there is a shift in labour force from Primary Sector to Secondary and Tertiary Sectors. As economy progresses, the people tend to work more in the secondary and service sectors of the economy. Workforce of primary sector gradually starts decreasing with the economic development. Hence, there is an increase in demand for goods and services produced by secondary and tertiary sectors. As a result, the share of secondary and tertiary sectors to the GDP increases and the share of primary sector to the GDP decreases.
  • Question 6
    1 / -0
    Role of Agriculture is significant in the Indian Economy because ____________.
    Solution
    Agriculture is a part of primary sector of the economy. Role of agriculture is significant in the Indian Economy because of two reasons:
    a) it contributes about 1/4 th of the GDP
    b) it provides employment to about 50-60% of the population.
  • Question 7
    1 / -0
    As an economy grows, the share of __________ to the GDP increases.
    Solution
    As economy grows, there is a shift in labour force from Primary Sector to Secondary and Tertiary Sectors. As economy progresses, the people tend to work more in the secondary and service sectors of the economy. Workforce of primary sector gradually starts decreasing with the economic development. Hence, there is an increase in demand for goods and services produced by secondary and tertiary sectors. As a result, the share of secondary and tertiary sectors to the GDP increases.
  • Question 8
    1 / -0
    Vehicle repair, selling of goods like vegetables, fish on head; puncture repairers and others belong to _____________ sector.
    Solution
    Unorganised sector, also known as own account enterprises, refers to all unlicensed, self-employed or unregistered economic activity such as owner manned general stores, handicrafts and handloom workers, rural traders, farmers, puncture repairers, fish on head, etc. 
  • Question 9
    1 / -0
    The maximum number of people in India work in the ____________.
    Solution
    The maximum number of people in India work in the primary sector. Primary sector employs about 50-60% of the population. This sector also contributes 1/4 th of the total GDP.
  • Question 10
    1 / -0
    Industrial Sector contributes about _________ to the country's GDP.
    Solution
    Industrial Sector contributes about 31% to the country's GDP. Industrial sector is also known as secondary sector. Production of finished products is a part of secondary sector's  activities.
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