Sectors of the Indian Economy Test

Result

Sectors of the Indian Economy Test - 9

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Weekly Quiz Competition

Question 1
1 / -0

Who is responsible for measuring the GDP in India?

A
State government

B
Central government

C
World bank with the help of the central government

D
Central government with the help of state governments and union territories

Solution

The Central Statistics Office (CSO), under the Union Ministry of Statistics and Program Implementation, is responsible for macroeconomic data gathering and statistical record keeping. Its processes involve conducting an annual survey of industries and compilation of various indexes like the Index of Industrial Production, Consumer Price Index etc.
The CSO coordinates with various federal and State government agencies and departments to collect and compile the data required to calculate the GDP and other statistics.
Question 2
1 / -0

Which of the following scheme has NOT been launched to provide any type of employment to beneficiaries?

A
Pradhan Mantri Gram Sadak Yojana

B
Mid Day Meal Scheme

C
National Food for Work Programme

D
All are employment-generating schemes

Solution

Mid Day Meal scheme has not been launched to provide any type of employment to beneficiaries. It is launched by the Government of India. It helps to provide nutrition to school going children.
Question 3
1 / -0

Which of the following statements about agricultural sector in the economy of India is/are correct?
A) Agricultural growth has reduced poverty of the people locally and, through its external effects, also in many other parts of the country.
B) Food and nutrition security in the country has increased substantially.
C) The area of cultivation has increased in recent past as agriculture has become a full-time employment for the people, which was not so a few years back.

A
Only (A)

B
Only (B)

C
Only (C)

D
Both (A) and (B) only

Solution

Following statements about agricultural sector in the economy of India are correct:
A) Agricultural growth has reduced poverty of the people locally and, through its external effects, also in many other parts of the country. Agriculture is a part of primary sector of economy since it is the basic occupation.
B) Food and nutrition security in the country has increased substantially. If the crop production is enough, food and nutrition security of the country can be assured.
Question 4
1 / -0

GDP is the total value of _________ produced during a particular year.

A
all goods and services

B
all final goods and services

C
all intermediate goods and services

D
all intermediate and final goods and services

Solution

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.
Question 5
1 / -0

The National Development Fund was created by the Government of India a few years ago. What was the purpose of the fund?
(A) To boost investment in social sector projects to promote education, healthcare, and employment.
(B) To make capital investments in selected profitable PSEs to yield adequate returns.
(C) To fund revision in the pay structure of Central Government employees.

A
Only (A)

B
Only (B)

C
Only (C)

D
Both (A) and (B)

Solution

The National Development Fund was created by the Government of India a few years ago. It helps to fasten the process of economic growth. The purpose of the fund are:
(A) To boost investment in social sector projects to promote education, healthcare, and employment. For example, 150 crore is given to Calicut University.
(B) To make capital investments in selected profitable Public Sector Enterprises to yield adequate returns.
Question 6
1 / -0

In India, the share of agriculture in GDP has declined at a very fast rate in the recent years. This is due to _____________.

A
lack of diversification of rural economy

B
slow growth in the prices of agriculture commodities

C
saturation of employment opportunities in the agriculture sector

D
very slow growth rate of agriculture and a fast rate of growth of other sectors

Solution

Agriculture growth rate in India has been growing earlier, but in the last few years it is constantly declining. While, since India is a developing economy, the share of other sectors towards GDP has risen in India.
The reason for decline can be accounted to growing share of other sectors as well as lack of technology, irrigation and energy facilities in the rural areas have led to falling growth in agricultural sector.
Question 7
1 / -0

Who measures the GDP in India?

A
State government

B
Central government

C
World Bank with the help of the central government

D
Central government with the help of state governments

Solution

In India, the mammoth task of measuring GDP is undertaken by the central government ministry.
Question 8
1 / -0

A major financial newspaper while writing about the present status of the economy in India write, "The outlook in the agricultural sector gives room for optimism". What does it really mean ? [Pick up the most appropriate statement(s).]
A) The agricultural sector, which was not playing any significant role in the Indian economy, is now growing very fast and significantly.
B) The agricultural sector is not going to play any major role in the economy as its progress is still very slow.
C) Govt will not require to provide any boost-up package to the agricultural sector as it is likely to be satisfactory this year.

A
Only A

B
Only B

C
Only C

D
Either A or C

Solution

A major financial newspaper while writing about the present status of the economy in India write, "The outlook in the agricultural sector gives room for optimism". It means:The agricultural sector, which was not playing any significant role in the Indian economy, is now growing very fast and significantly. Agricultural sector is a part of the primary sector of the economy.
Question 9
1 / -0

The sector which is enrolled as per the law of the government, and provided fixed wages, facilities within the framework of law is called as ___________ Sector.

A
Organized

B
Primary

C
Unorganised

D
Tertiary

Solution

The sector which is enrolled as per the law of the government, and provided fixed wages, facilities within the framework of law is called an Organised Sector.Organized sector in India refers to licensed organizations, that is, those who are registered and pay GST. These include the publicly traded companies, incorporated or formally registered entities etc.
Question 10
1 / -0

Under milk development plans ___________ people were provided employment.

A
$$54$$ lakh people got employment

B
$$100$$ lakh people got employment $$1$$ lakh people got employment

C
$$10$$ lakh people got employment

D
None of these.

Solution

Under milk development plans 54 lakh people were provided employment. Milk development plan is launched by the Government of India.

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Re-Attempt Weekly Quiz Competition

Sectors of the Indian Economy Test - 9

Result

Sectors of the Indian Economy Test - 9

Score

-

Rank

-

SHARING IS CARING

Question 1

State government

Central government

World bank with the help of the central government

Central government with the help of state governments and union territories

Solution

Question 2

Pradhan Mantri Gram Sadak Yojana

Mid Day Meal Scheme

National Food for Work Programme

All are employment-generating schemes

Solution

Question 3

Only (A)

Only (B)

Only (C)

Both (A) and (B) only

Solution

Question 4

all goods and services

all final goods and services

all intermediate goods and services

all intermediate and final goods and services

Solution

Question 5

Only (A)

Only (B)

Only (C)

Both (A) and (B)

Solution

Question 6

lack of diversification of rural economy

slow growth in the prices of agriculture commodities

saturation of employment opportunities in the agriculture sector

very slow growth rate of agriculture and a fast rate of growth of other sectors

Solution

Question 7

State government

Central government

World Bank with the help of the central government

Central government with the help of state governments

Solution

Question 8

Only A

Only B

Only C

Either A or C

Solution

Question 9

Organized

Primary

Unorganised

Tertiary

Solution

Question 10

$$54$$ lakh people got employment

$$100$$ lakh people got employment $$1$$ lakh people got employment

$$10$$ lakh people got employment

None of these.

Solution

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