NTSE Level Test: Sectors of the Indian Economy - Class 10 MCQ

 The share of tertiary sector in employment (%) has also increased in last 30 years. In 1973, share was nearly 10 to 15% but it has increased from 20 to 22% in 2003. Though tertiary sector is not playing the role of providing employment over expectation, the primary sector continues to be the largest employer even in the year 2000. 

According to World Bank reports India has been classified under lower-middle income economy. According to  IBTimes, it has got the same tag along with countries like Lesotho, Zambia, Honduras, Ghana, Guatemala and Djibouti. All the other countries in the BRICS — Brazil, Russia, China, South Africa — belong to upper-middle income group.

Notified on September 7, 2005, MGNREGA aims at enhancing livelihood security by providing at least one hundred days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.

1. Railways are cheap and very convenient mode of transport for long distances.
2. They help in transportation of finished goods or raw materials from one place to another. This helps in growth and development of our country.
3. Railway forms  a link between major cities of our country and travelling time has been reduced 
4. Railways are even capable of transporting bulky material like crude oil, coal etc  in large quantities.
5. Railway facilitates quick movement of troops, police, defence equipment etc.

It is involved with  agriculature and direct  use of natural resource. 
Examples : Farming,  apiculture, cattle farming, etc.

The public sector includes all the public services and enterprises. Public services include public goods and services like roads, water supply, transport, health, military etc. Public enterprises are state-owned that are under public ownership. Private sector includes enterprises that are owned by private people with the aim to gain profit. These are not owned and run by state or government. 

Primary sector of the economy is the sector that produces products through a natural process. It involves activities such as mining, crop production and animal husbandry. It involves lots of human labor used in the production of preparing the raw material before it goes into other sectors such as manufacturing for it to turn into consumable commodity.

National Rural Employment Guarantee Act, 2005. National Rural Employment Guarantee Act 2005 (or, NREGA No 42, later renamed as the "Mahatma Gandhi National Rural Employment Guarantee Act", MGNREGA), is an Indian labour law and social security measure that aims to guarantee the 'right to work'.

Public sector refers to government-owned organizations and government-provided services.

The correct answer is C: The value of all final goods and services produced within a country in a particular year.

• GDP measures a country's economic performance by quantifying the total market value of all final goods and services produced within its borders over a specific time period, usually a year.
• It encompasses all sectors of the economy, including agriculture, manufacturing, and services.
• GDP is a key indicator of economic health, used to compare economic productivity between different countries or over time.