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Employment Growth Informational and other Issues test - 27

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Employment Growth Informational and other Issues test - 27
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Weekly Quiz Competition
  • Question 1
    1 / -0
    As development of country takes place, share of which sector rises?
    Solution
    As the economy grows, the workforce starts shifting from the primary sector to secondary and tertiary sectors of the economy. Hence, the percentage of the population in the secondary and tertiary sectors increased in recent times. Hence, as the development of country takes place, the share of secondary and tertiary sector rises.
  • Question 2
    1 / -0
    About 70% of the total industrial employment relates to _____________.
  • Question 3
    1 / -0
    The share of Industry Sector to GDP is showing _________ trend.
    Solution
    The share of Industry Sector to GDP is showing increasing trend, as the economy is growing. Industry sector is also known as secondary sector of the economy.  Secondary sector deals with manufacturing sector, industry sector and the construction activities.
  • Question 4
    1 / -0
    In the case of ________ countries, the share of service sector to GDP is about 60% or more.
    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 5
    1 / -0
    Which of the following statements is correct with regards to India?
    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).
    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 true with regards to GDP in India?
    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 8
    1 / -0
    Percentage of people in non-working age group is known as ________.
  • Question 9
    1 / -0
    The share of service sector to GDP in India is showing a/an _________ trend.
    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 10
    1 / -0
    Which of the following is considered production in economics?
    Solution
    Doctor examining a patient for a fee is considered production in economics; other are recreation/leisure activities and would not result in production.
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