Important Questions (1 Mark): Sectors of the Indian Economy - Class 10 MCQ

Economic activities are those activities which are undertaken by a man to earn income, money and wealth for his life.

These activities include investment, production, distribution and consumption of goods and services at all levels within the society.

The country where these economic activities are undertaken is called an economy. g. Worker works in the factory and get wages.

To determine the sector with the lowest share in employment in 2000, we need to analyze the primary, secondary, and tertiary sectors individually.
Primary Sector:
- The primary sector includes activities related to natural resources, such as agriculture, fishing, mining, and forestry.
- In 2000, the primary sector employed a significant number of people but had a higher share in employment compared to the other two sectors.
Secondary Sector:
- The secondary sector consists of activities related to manufacturing, construction, and industrial production.
- In 2000, the secondary sector saw a decline in employment due to automation and outsourcing, resulting in a lower share of employment compared to the primary sector.
Tertiary Sector:
- The tertiary sector includes activities related to services, such as healthcare, education, finance, tourism, and hospitality.
- In 2000, the tertiary sector experienced significant growth and expansion, leading to a higher share in employment compared to the primary and secondary sectors.
Based on the above analysis, we can conclude that the secondary sector had the lowest share in employment in 2000 among the given options. Therefore, the correct answer is B: secondary sector.

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. 

The primary sector involves the extraction of raw materials from the earth, such as agriculture, fishing, and mining. The secondary sector concerns manufacturing where raw materials are converted into products, such as factories producing cars or furniture. The tertiary sector, distinct from the other two, focuses on providing services rather than goods. This includes a wide range of activities like banking, education, and healthcare. Services are intangible and cannot be stored or transported. The importance of the tertiary sector has been growing as economies develop, reflecting a higher demand for services like technology, finance, and wellness, which are pivotal for economic growth and development.

The secondary sector includes secondary processing of raw materials, foodmanufacturing, textile manufacturing and industry. Manufacturing and Industry sector known as the secondary sector, sometimes as the production sector, includes all branches of human activities that transform raw materials into productsor goods.

Primary sector is the largest employer in India.  It employes about 64% of the Indian population. 
This sector produces only a quarter of GDP because in it, the first step of goods production takes place. It is the supplier of raw material to the secondary sector. And the value of the good increases on each subsequent step and primary sector provides the first step. So, it's share is quite less in GDP. 

The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying.

Public Sector : 
(i) The government owns assets and takes responsibility to deliver services.
(ii) This sector is not guided by profit motive.
(iii) It invests funds to construct structures and infrastructure of public utility e.g. construction of roads, bridges, railways, harbours, generation of electricity, construction of dams, school and college buildings etc.
(iv) All citizens of a country use and obtain services produced by this sector unconditionally.
(v) It collects funds for investment indirectly through taxes on people having certain income and capable to pay them.
Example : Post and telegraph, Railways, C.P.W.D.

Disguised unemployment is a kind of unemployment in which some people look like being employed but are actually not employed fully. This situation is also known as Hidden Unemployment. In such a situation more people are engaged in a work than required. 

The informal sector, also known as the unorganized sector, refers to those economic activities and employment that are not regulated by formal legal and institutional mechanisms. This sector includes a wide range of jobs from street vending to home-based businesses and agriculture labor that are not protected or regulated by the state. Workers in the informal sector usually do not have employment contracts, legal job protection, or social security, making them vulnerable to exploitation and economic instability. Despite its challenges, the informal sector plays a crucial role in the Indian economy, offering livelihoods to a significant portion of the population, especially in urban areas where formal employment opportunities may be limited.

Workers in the tertiary sector do not produce goods.

Employment Generation: Manufacturing units in the unorganised sector results
in employment to a large section of the people. Intervention og the government in
manufacturing sector through the Make in India policy will help to develop
unorganised sector and increase employment to a very great extent. 

Primary sector is the economic sector that produce goods by exploiting the natural resources because it forms the base for all the products that are associated directly with land and water. Production of wheat, vegetables, milk , marble and coal are some examples of this sector. Most of the natural products we get our from agriculture, fisheries, forestry, mining, etc.
Primary sector is important to the Indian economy because it provides employment to largest section of population. It provides raw materials such as sugar, jute, cotton etc to industries. It also forms a significant part of country's GDP. Primary sector is also called agriculture and related sector.

Manufacturing and Industry sector known as secondary sector, sometimes as production sector, includes all branches of human activities that transform raw materials into products or goods. The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry.

Gross Domestic Product (GDP) is a critical economic indicator that measures the total value of all goods and services produced within a country's borders over a specific period, usually a year. It includes the output from all three sectors of the economy: primary (agriculture, mining), secondary (manufacturing, construction), and tertiary (services). GDP is a vital measure because it gives a comprehensive snapshot of a country's economic performance and growth. An increasing GDP indicates economic growth and prosperity, reflecting the country's ability to produce more goods and services. It also helps in making international comparisons of economic strength and development levels between countries. In the context of India, monitoring GDP is crucial for planning and implementing economic policies aimed at sustainable development and poverty alleviation.

Underemployment is a measure of employment and labor utilization in the economy that looks at how well the labor force is being utilized in terms of skills, experience and availability to work. Labor that falls under the underemployment classification includes those workers who are highly skilled but working in low paying or low skill jobs and part-time workers who would prefer to be full-time. This is different from unemployment in that the individual is working but is not working at his full capability.

The information and communication (ICT) services sector includes information technology activities like software development; telecommunications activities; publishing activities, including software publication; motion picture and sound recording activities; radio and TV broadcasting and programming; and other information service activities. 

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.

Tertiary Sector: The service sector of the economy is called the tertiary sector. Services of various kinds like education, health, banking, insurance, trade, and transport are included in this sector. In advanced countries, the contribution of the tertiary sector to national income is the highest.

Organized Sector is a sector where the employment terms are fixed and regular, and the employees get assured work. Unorganized sector is one where the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government.