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

Primary sector mainly 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.

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.

The growth of the secondary sector spread its influence during the industrial revolution in the nineteenth century.

Agricultural labour does not come under the organized sector since the employment of workers is not fixed. It comes under the unorganized sector.

The Tertiary sector has emerged as the largest producing sector in the Indian economy in the last decade because 
(i) Demand for Tertiary sector activities like transport, storage and trade have increased substantially with the development of the Primary and Secondary sectors. 
(ii) Increasing requirement of software exports from abroad creates a boom in call centres is there. 
(iii) With increase in the income levels of the people, demand for tourism, shopping, education and other services has increased. 
(iv) Liberalization of the financial environment has fueled faster growth in financial services. 
(v) Basic services of education, healthcare and communications require a large number of people to be engaged in these Tertiary sector activities.

For example, we require teachers, doctors, tailors, some of which provide us with personal services.

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.

The organised sector offers jobs that are most sought-after. But the employment opportunities in the organised sector have been expanding very slowly.

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.

Services are also called invisible and intangibles. Some services are invisible since they cannot be seen and some services are intangible as they cannot be touched, but utility derived from the services can be felt.

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.

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 the basic occupation to people.

Formal sources of credit do not include Employers.