Sectors of the Indian Economy Test

Result

Sectors of the Indian Economy Test - 8

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Weekly Quiz Competition

Question 1
1 / -0

In terms of GDP the share of tertiary sector in 2003 is _________.

A
between 20 per cent to 30 per cent

B
between 30 per cent to 40 per cent

C
between 50 per cent to 60 per cent

D
70 per cent

Solution

In term of GDP, this sector emerged as the largest producing sector in India in 2003, surpassing the primary and secondary sectors. In 1973 the share of the tertiary sector in GDP was about 35%, which increased to more than 50% in 2003. Over the thirty years between 1973 and 2003.
Question 2
1 / -0

Till 2000, which sector has been the largest employer?

A
Service sector.

B
Primary sector.

C
Secondary sector.

D
Tertiary sector.

Solution

The share in providing employment was not in tune with the share in GDP. The agriculture provided employment to 75% workers and this decreased to 60% in 2000, which is not as big a drop as agriculture’s drop in GDP contribution. On the other hand, the growth in employment provided by other two sectors was substantially low.
Question 3
1 / -0

What is the contribution of industries in India's GDP?

A
19%

B
27%

C
39%

D
46%

Solution

The industrial sector is one of the main sectors that contributes to the Indian GDP. The country ranks fourteenth in the factory output in the world. The industrial sector is made up of manufacturing, mining and quarrying, and electricity, water supply, and gas sectors. The industrial sector accounts for around 27.6% of India's GDP and it employs over 17% of the total workforce in the country.
Question 4
1 / -0

Under which range, India lies in terms of Nominal GDP?

A
1 to 5

B
6 to 10

C
10 to 15

D
None of the above

Solution

Gross Domestic Product (GDP) is the broadest quantitative measure of a nations total economic activity. Most importantly, GDP represents the monetary value of all goods and services produced within nation's geographic boarders over a specific period of time.
The economy of India is the seven largest economy in the world measured by nominal GDP and the third largest by purchasing power parity (PPP).
Question 5
1 / -0

Which sector contributes most to the GDP of India?

A
Primary sector

B
Secondary sector

C
Service sector

D
None of the above

Solution

India ranks 15th in the services output and it provides employment to around 23% of the total workforce in the country. The sector includes construction, trade, hotels, transport, restaurant, communication and storage, social and personal services, community, insurance, financing, business services, and real estate. Service sector contributes the most in the Indian GDP.
Question 6
1 / -0

The total production of a year for a particular sector is calculated from ______.

A
the value of goods calculated separately at all stages of production in that sector

B
the value of final goods produced in that sector

C
the value of final goods and services produced in all the sector

D
the value of final goods and services produced in the three sectors

Solution

1:The activities of the 3 economic sectors produce a large number of goods and services. The economic status of nation depends on how much goods and services are produced and on how many people work in each sector.
2:The sum of production in the three sectors gives what is called GDP that is Gross Domestic Product of a country. It is the value of all final goods and services produced within a country during a particular year.
Question 7
1 / -0

Which of the following sector contributes the most towards the GDP in India?

A
Primary

B
Secondary

C
Tertiary

D
None of the above

Solution

The tertiary sector is the service industry. Activities associated with this sector include retail and wholesale sales, transportation and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law.
In most developed and developing countries, a growing proportion of workers is devoted to the tertiary sector.
Question 8
1 / -0

When was the "Mahatma Gandhi National Rural Employment Guarantee Act" passed?

A
2001

B
2003

C
2005

D
2007

Solution

The National Rural Employment Guarantee Act (NREGA) implemented by the Government during the year 2005, is an illustrious programme that reaches the nucleus of the indispensable requisites of the poor and augments to their dire needs by creating and providing employment even for the elders of the family. The hand-to-mouth existence is thus eradicated, paving way for an enhanced future.
Question 9
1 / -0

When more people are engaged in a work than required what does it indicate?

A
Unemployment

B
Over employment

C
Disguised employment

D
Surplus employment

Solution

Disguised unemployment exists where part of the labour force is either left without work or is working in a redundant manner where worker's productivity is essentially zero. It is unemployment that does not affect aggregate output. An economy demonstrates disguised unemployment when productivity is low and too many workers are filling too few jobs.
Question 10
1 / -0

In terms of GDP, the share of primary sector in 2003 was about ___ percent.

A
20

B
25

C
50

D
55

Solution

When we produce a good by exploiting natural resources, it is an activity of the primary sector. This includes agriculture, forestry, fishing and mining. In terms of GDP, primary sector plays a very important role. In 2003, the share of primary sector in the GDP was about 25 percent.

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Re-Attempt Weekly Quiz Competition

Sectors of the Indian Economy Test - 8

Result

Sectors of the Indian Economy Test - 8

Score

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Rank

-

SHARING IS CARING

Question 1

between 20 per cent to 30 per cent

between 30 per cent to 40 per cent

between 50 per cent to 60 per cent

70 per cent

Solution

Question 2

Service sector.

Primary sector.

Secondary sector.

Tertiary sector.

Solution

Question 3

19%

27%

39%

46%

Solution

Question 4

1 to 5

6 to 10

10 to 15

None of the above

Solution

Question 5

Primary sector

Secondary sector

Service sector

None of the above

Solution

Question 6

the value of goods calculated separately at all stages of production in that sector

the value of final goods produced in that sector

the value of final goods and services produced in all the sector

the value of final goods and services produced in the three sectors

Solution

Question 7

Primary

Secondary

Tertiary

None of the above

Solution

Question 8

2001

2003

2005

2007

Solution

Question 9

Unemployment

Over employment

Disguised employment

Surplus employment

Solution

Question 10

20

25

50

55

Solution

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