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Test: Sectors of the Indian Economy (Medium) - Class 10 MCQ


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20 Questions MCQ Test Online MCQ Tests for Class 10 - Test: Sectors of the Indian Economy (Medium)

Test: Sectors of the Indian Economy (Medium) for Class 10 2024 is part of Online MCQ Tests for Class 10 preparation. The Test: Sectors of the Indian Economy (Medium) questions and answers have been prepared according to the Class 10 exam syllabus.The Test: Sectors of the Indian Economy (Medium) MCQs are made for Class 10 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Sectors of the Indian Economy (Medium) below.
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Test: Sectors of the Indian Economy (Medium) - Question 1

The maximum number of people in India work in the

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 1
The maximum number of people in India work in the primary sector. The primary sector employs about 50-60% of the population. This sector also contributes to 1/4th of the total GDP.

Test: Sectors of the Indian Economy (Medium) - Question 2

Workers in the______________ sector do not produce goods.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 2
Workers in the Tertiary sector do not produce goods.

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Test: Sectors of the Indian Economy (Medium) - Question 3

Which one of the following sectors is associated with the manufacturing industries?

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 3
Manufacturing and Industry sector, also known as the secondary sector, includes all branches of human activities that transform raw materials into products or goods.

Test: Sectors of the Indian Economy (Medium) - Question 4

Tata Iron and Steel company is an example of

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 4
Tata Iron and Steel company is an example of Private company.

Test: Sectors of the Indian Economy (Medium) - Question 5

What kind of unemployment is found in the agricultural sector of India?

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 5
Disguised unemployment is found in the agricultural sector of India. Disguised unemployment is also known as hidden unemployment. In this type of unemployment, some people seem employed, but they are actually not.

Test: Sectors of the Indian Economy (Medium) - Question 6

Which of these is not included in the service sector?

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 6
Petroleum refining is not a service. Hence it is not included in the service sector of the economy. The service sector is also known as the tertiary sector of the economy. Petroleum refining is included in the secondary sector of the economy.

Test: Sectors of the Indian Economy (Medium) - Question 7

At present in terms of agricultural production, the country holds the

position all over the world.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 7
At present, in terms of agricultural production, India holds the second position all over the world following China. Agriculture is a part of the primary sector of the economy as it provides a basic occupation to people.

Test: Sectors of the Indian Economy (Medium) - Question 8

Tertiary sector is also called

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 8
Tertiary sector is also called

  • Service sector: The tertiary sector is commonly referred to as the service sector.


Detailed

The tertiary sector, also known as the service sector, refers to the segment of the economy that provides services to consumers and businesses. This sector is characterized by the production and delivery of intangible goods, such as healthcare, education, finance, hospitality, transportation, and entertainment.


Here are some key points to consider:



  • The tertiary sector is the largest sector of the economy in terms of employment and GDP contribution in many countries.

  • It encompasses a wide range of industries and activities that are focused on providing services rather than producing tangible goods.

  • Examples of businesses in the service sector include banks, hotels, restaurants, airlines, telecommunications companies, and healthcare providers.

  • The growth of the service sector is often associated with economic development and the shift from agrarian and industrial economies to more advanced and service-oriented economies.

  • Service sector activities can be classified into various subsectors, including financial services, professional services, transportation services, hospitality services, and healthcare services.


Therefore, the correct answer is C: Service sector.

Test: Sectors of the Indian Economy (Medium) - Question 9

Which of the following statements is/are correct about the Sampoorna Grameen Rozgar Yojana?

(A)The scheme was launched in2001 by merging some of the schemes running that time.

(B) In this scheme, preference is given to Below Poverty Line families for the jobs.

(C) The wages under the scheme are paid partly in cash and partly by giving food grains.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 9
The objective of the programme was to provide additional wage employment in rural areas and also to provide food security, alongside the creation of durable community, social and economic assets and infrastructure development in these areas.

Test: Sectors of the Indian Economy (Medium) - Question 10

Employment opportunities in______________________________ sector have been expanding very Slowly.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 10
The organised sector offers jobs that are most sought-after. But the employment opportunities in the organised sector have been expanding very slowly.

Test: Sectors of the Indian Economy (Medium) - Question 11

Most of the workers in the____________________ sector enjoy job security.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 11
Organised sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its rules and regulations which are given in various laws such as the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops and Establishments Act etc.

Test: Sectors of the Indian Economy (Medium) - Question 12

Which of the following is a characteristic feature of the primary sector?

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 12

The primary sector is concerned with the extraction of raw materials from the earth or sea. This includes activities like agriculture, fishing, forestry, and mining. Unlike the secondary sector, which focuses on manufacturing, or the tertiary sector, which provides services, the primary sector is all about obtaining natural resources.

Test: Sectors of the Indian Economy (Medium) - Question 13

Agriculture falls in_______________ sector.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 13
Primary sector consists of agriculture. It is also known as the raw material sector. Agriculture, crop production, animal husbandry, fisheries and mining- all are included in the primary sector.

Test: Sectors of the Indian Economy (Medium) - Question 14

Cotton is a____________________ product and cloth is a_____________________ product

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 14
Cotton is a natural product obtained from agriculture which comes under the primary sector. From the cotton, yarn is spun, and textiles are made whose end product is cloth.

Test: Sectors of the Indian Economy (Medium) - Question 15

Which of the following is an example of the secondary sector activity?Options:

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 15

The secondary sector involves transforming raw materials into finished or semi-finished products, essentially manufacturing. Construction is a prime example of this sector because it involves building structures by transforming raw materials like cement, steel, and wood into schools, offices, homes, and other buildings. Farming is primary, banking is tertiary, and teaching falls under the quaternary sector, related to services involving intellectual expertise.

Test: Sectors of the Indian Economy (Medium) - Question 16

What is the role of the tertiary sector in the economy?

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 16

The tertiary sector's primary role is to provide services rather than goods. These services include education, healthcare, banking, insurance, and transportation, among others. While the primary sector deals with raw materials and the secondary with manufacturing, the tertiary sector's focus is on offering non-tangible value that supports the economy and society in various ways, including retail, professional services, and hospitality.

Test: Sectors of the Indian Economy (Medium) - Question 17

Services constitutes_________________________ sector of an economy.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 17

Sector which includes trade, transport, banking, communication and services is known as the tertiary sector. The tertiary sector mainly deals with services. Hence, the tertiary sector is also known as the service sector of the economy.

 

 

Test: Sectors of the Indian Economy (Medium) - Question 18

Which of the following best describes activities in the quaternary sector?

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 18

The quaternary sector is a subset of the tertiary sector, but it specifically focuses on knowledge-based activities involving services such as information technology, research and development (R&D), financial planning, consultation services, education, and other knowledge-based services. This sector is crucial for the advancement of technology, innovation, and the overall knowledge economy. Agricultural production is primary, industrial manufacturing is secondary, and wholesale trading is a part of the broader tertiary sector.

Test: Sectors of the Indian Economy (Medium) - Question 19

Formal sources of credit do not include.

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 19
Formal sources of credit do not include employers.

Test: Sectors of the Indian Economy (Medium) - Question 20

The maximum number of people in India work in the

Detailed Solution for Test: Sectors of the Indian Economy (Medium) - Question 20
The maximum number of people in India work in the primary sector. The primary sector employs about 50-60% of the population. This sector also contributes to 1/4th of the total GDP.

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