Important Questions (2 Marks): Sectors of the Indian Economy - Class 10 MCQ

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.

Tertiary Sector - The tertiary sector of the economy is the service industry. This sector provides services to the general population and businesses. Activities associated with this sector include retail, transportation and distribution, entertainment, clerical services, media, tourism, insurance, banking, healthcare, law, etc.

The first five-year plan was presented in the parliament by Prime Minister Jawaharlal Nehru in December 1951.

In general terms, many countries, especially as they industrialize and urbanize, the number of people engaged in agricultural activities tends to decrease. This is due to factors such as technological advancements in agriculture, which reduce the need for manual labor, and the migration of people to urban areas in search of better employment opportunities.

The mandate of the MGNREGA is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.

In India, the absolute number of people employed in agriculture has increased from the period of independence as the population of India has increased at a high rate. But the percentage of the population employed in the agricultural sector has decreased.

Manufacturing and Industry sector, also known as the secondary sector, includes all branches of human activities that transform raw materials into products or goods.

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.

The state has three agricultural seasons-1- Khalifa (April to September) 2- Rabi (October to December) 3- Summer (January to March).

Enough jobs were not created in secondary and tertiary sectors, even though the industrial output or the production of goods went up by eight times during the period, employment in the industry went up by only 2.5 times.

P. C. Mahalanobis. The plan had heavily borrowed ideas from USSR's five-year plans developed by Domer.

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. And this processing of cotton comes under the secondary sector. The cloth is not produced by nature but has to be made, and therefore some process of manufacturing is essential.

Called the cradle of banking industry, Dakshina Kannada and Udupi districts (erstwhile undivided Dakshina Kannada) now feel that their nurtured babies are being snatched away with the Centre's latest proposal to merge three public sector banks from the region.

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.

Organized 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.