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Assertion & Reason Test: Sectors of the Indian Economy - 1 - Grade 10 MCQ


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10 Questions MCQ Test Economics for Grade 10 - Assertion & Reason Test: Sectors of the Indian Economy - 1

Assertion & Reason Test: Sectors of the Indian Economy - 1 for Grade 10 2024 is part of Economics for Grade 10 preparation. The Assertion & Reason Test: Sectors of the Indian Economy - 1 questions and answers have been prepared according to the Grade 10 exam syllabus.The Assertion & Reason Test: Sectors of the Indian Economy - 1 MCQs are made for Grade 10 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Assertion & Reason Test: Sectors of the Indian Economy - 1 below.
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Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 1

Match the following items given in column A with those in column B:

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 1
(i) Call center employee: Call center employee related to tertiary sector. The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work. The non-market sector (public administration, education, human health, social work activities).

(ii) Mahatma Gandhi National Rural Employment Guarantee Act: Mahatma Gandhi Employment Guarantee Act 2005, is an Indian labour law and social security measure that aims to guarantee the 'right to work'. This act was passed on 23 August 2005 under the UPA government of Prime Minister Dr. Manmohan Singh.

(iii) Organised Sector: Organised sector is a sector where terms and conditions of employment are regular and as per rules and regulations passed by the Government. Employees enjoy the security of employment. In case they work more, they are paid overtime. The employees get paid leaves, provident fund, medical etc.

(iv) Public Sector: In general terms, the public sector consists of governments and all publicly controlled or publicly funded agencies, enterprises, and other entities that deliver public programs, goods, or services. Railways, Police, military, public roads, public transit and public education are examples of public sector agencies.

(v) Private Sector: The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled.

(vi) Primary Sector: The primary sector includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, deposits.

Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 2

Arrange the following in the correct Sequence:

(i) Transporting flowers to the vendors

(ii) Plucking flowers from the plants

(iii) Selling garlands at the shops

(iv) Making garlands with flowers

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 2
Correct Sequence is:

(ii) Plucking flowers from the plants: Flowers are the gift of nature and look more beautiful when they are on the plant so we should avoid plucking them so that all visitors to the park / garden can enjoy their beauty.

(i) Transporting flowers to the vendors

(iv) Making garlands with flowers: Natural flowers are far more vulnerable and more difficult but do give that extra dimension to the piece you are making. But there are many more options for natural flowers that fit perfectly in a garland, like carnations, roses, and chrysants.

(iii) Selling garlands at the shops

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Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 3

Analyze the information given below, considering one of the following correct options:

Sushila is a worker in garment export industry of Agra. She gets facilities like health insurance provident fund, overtime at a double rate, medical leave, etc. She is working in:

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 3
The organised sector comprises employees who work under fixed terms and timings. If you are working for a factory or employed in a government job, you will fall under the organised sector. In India, banks, railways, the insurance industry, central government employees, etc can be called as an Organised Sector.
Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 4

Analyze the information given below, considering one of the following correct options:

Rakesh works in a automobile unit in Gurugram. But he does not get any facility like health insurance, medical leave provident fund, gratuity, etc.

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 4
Unorganised Sector means an undertaking owned by individuals or self-employed employees engaged in manufacturing or selling products or some form of service and employing less than 10 staff in the business.

Small and marginal farmers, landless agricultural labourers, share croppers, fishermen, those engaged in animal husbandry, beedi rolling, labelling and packing, building and construction workers etc. are the example of Unorganised Sector.

Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 5

Analyze the information given below, considering one of the following correct options:

Laxmi, owning about three hectares of unirrigated land dependent only on rain and growing crops like jowar and arhar. All seven members of her family work in the field throughout the year. You will see that everyone is working, none remains idle, but in actual fact their labour effort gets divided. Each one is doing some work but no one is fully employed.

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 5
  • Underemployment is a measure of employment and labor utilization in the economy that looks at how well the labor force is being used in terms of skills, experience, and availability to work. It refers to a situation in which individuals are forced to work in low-paying or low-skill jobs.

  • Disguised unemployment is unemployment that does not affect aggregate economic output. It occurs when productivity is low and too many workers are filling too few jobs. It can refer to any part of the population that is not employed at full capacity.

Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 6

In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:

Assertion (A) : Not every good or service that is produced and sold needs to be counted to know the total production in each sector.

Reason (R) : The value of final goods already includes the value of all the intermediate goods.

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 6
  • For example, a Cultivator sells wheat to the flour mill at Rs 8 per kg. The mill granulates the wheat and sells the flour to a biscuit manufacturing agency for Rs 10 per kg.

  • The biscuit company uses ingredients such as flour, sugar, and oil to make 5 packets of biscuits. These biscuits are sold at a price of Rs 100 (Rs 20 per biscuit) to the customers.

  • Only the biscuit is considered as final goods because they reach the final consumers. Wheat is considered as an intermediate product.

  • It is used in the manufacture of final goods only. The value of final products already covers the value of all the middle products that were used in the manufactured of final goods.

Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 7

In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:

Assertion (A) : Tertiary sector is also called the service sector.

Reason (R) : Tertiary activities generate services rather than goods.

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 7
The tertiary sector of activities includes those activities which gains profit by servicing the needs of the people.

It includes activities like:

  • Teaching: A service which is provided by Teacher.

  • Washing: A service which is provided by Washer man.

  • Curing disease: A service which is provided by doctor.

  • Construction: A service which is provided by the masons, Engineers, etc.

Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 8

Find the incorrect option:

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 8
The Incorrect option is (b): Underemployment is found only in agricultural sector.

Correct answer is: Underemployment is found mostly in agricultural sector.

Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 9

Find the incorrect option:

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 9
The Incorrect option is (b): Secondary sector is also called the Service sector.

Correct answer is: Secondary sector is also called the industrial sector.

Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 10

Find the incorrect option:

Detailed Solution for Assertion & Reason Test: Sectors of the Indian Economy - 1 - Question 10
Carpenter: The secondary sector of the economy is comprised of the manufacturing industries which take raw materials and produce products. For example, the steel used to manufacture cars. Carpenters take wood and make homes, furniture and cabinetry.
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