Sectors of the Indian Economy Test

Result

Sectors of the Indian Economy Test - 13

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following statements is correct?

A
Service sector contributes more than half of the GDP of India.

B
The scope of attracting tourists is limited as there is hardly any place of tourist attraction in India.

C
As an economy grows, first service sector grows and then agriculture & industrial sector grows.

D
None of the above.

Solution

The share of service sector to GDP in India is showing an increasing trend. It contributes more than half of the GDP in India. Service sector is also known as the tertiary sector of the economy. For example, accounting, tourism, etc are included in the service sector.
Question 2
1 / -0

In the case of ________ countries, the share of service sector to GDP is about 60% or more.

A
underdeveloped

B
developing

C
developed

D
all of the above

Solution

The share of service sector to GDP in developed countries is about 60% or more. Service sector is also known as the tertiary sector of the economy. For example, accounting, tourism, etc are included in the service sector.
Question 3
1 / -0

Share of agriculture and their allied products in total export is about ___________ as per 2011-12.

A
60%

B
65%

C
10%

D
75%

Solution

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.
Question 4
1 / -0

Which of the following is true with regards to GDP in India?

A
Primary sector's contribution to GDP has consistently increased.

B
Secondary sector contributes maximum to GDP.

C
Both (a) & (b).

D
Service sector contributed maximum to GDP.

Solution

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.
Question 5
1 / -0

Which of the following statements is correct with regards to India?

A
Tertiary sector contributes the maximum to GDP.

B
India is basically a socialist economy.

C
In India, distribution of income and wealth is quite equitable.

D
None of the above.

Solution

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.
Question 6
1 / -0

Service Sector accounted for nearly _______ of Exports (2011-12).

A
two third

B
one fourth

C
one third

D
two fourth

Solution

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.
Question 7
1 / -0

Which of the following is a contribution of service sector to the Indian economy?

A
Share in GDP

B
Share in exports

C
Employment opportunities

D
All of the above

Solution

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
Question 8
1 / -0

The share of service sector to GDP in India is showing a/an _________ trend.

A
increasing

B
decreasing

C
constant

D
none of the above

Solution

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.
Question 9
1 / -0

Which of the following sectors of economy is also called Industrial sector?

A
Primary

B
Secondary

C
Tertiary

D
None of these

Solution

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.
Question 10
1 / -0

The sectors are classified into public and private sector on the basis of:

A
employment conditions

B
the nature of economic activity

C
ownership of enterprises

D
number of workers employed in the enterprise

Solution

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.

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Re-Attempt Weekly Quiz Competition

Sectors of the Indian Economy Test - 13

Result

Sectors of the Indian Economy Test - 13

Score

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Rank

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SHARING IS CARING

Question 1

Service sector contributes more than half of the GDP of India.

The scope of attracting tourists is limited as there is hardly any place of tourist attraction in India.

As an economy grows, first service sector grows and then agriculture & industrial sector grows.

None of the above.

Solution

Question 2

underdeveloped

developing

developed

all of the above

Solution

Question 3

60%

65%

10%

75%

Solution

Question 4

Primary sector's contribution to GDP has consistently increased.

Secondary sector contributes maximum to GDP.

Both (a) & (b).

Service sector contributed maximum to GDP.

Solution

Question 5

Tertiary sector contributes the maximum to GDP.

India is basically a socialist economy.

In India, distribution of income and wealth is quite equitable.

None of the above.

Solution

Question 6

two third

one fourth

one third

two fourth

Solution

Question 7

Share in GDP

Share in exports

Employment opportunities

All of the above

Solution

Question 8

increasing

decreasing

constant

none of the above

Solution

Question 9

Primary

Secondary

Tertiary

None of these

Solution

Question 10

employment conditions

the nature of economic activity

ownership of enterprises

number of workers employed in the enterprise

Solution

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