MCQs from Chapter 2 of Economics (Sectors of the Economy)

┬а

Ques 1┬аProduction of a commodity, mostly through the natural process, is an activity in ______________ sector.

(i) primary

(ii) secondary

(iii) tertiary

(iv) information technology

Ans:┬а(i) primary

Ques 2┬аc) GDP is the total value of _____________ produced during a particular year.

(i) all goods and services

(ii) all final goods and services

(iii) all intermediate goods and services

(iv) all intermediate and final goods and services

Ans:┬а(ii) all final goods and services

Ques 3┬аWhich of the following profession belongs to the Tertiary Sector of economy?

  1. Fisherman
  2. Farmer
  3. Factory worker
  4. Teacher

Ans:┬аTeacher

Ques 4┬аArrange the following in the correct sequence тАУ

  1. Transporting cloth to the workshops
  2. Sale in shops and showrooms
  3. Spinning the yarn
  4. Weaving of the fabric
  1. i--iv--iii--ii
  2. iii тАУivтАФi--ii
  3. ivтАФi--ii--iii
  4. iiiтАФiv--ii--I

Ans:┬аB.┬аiii тАУivтАФi--ii

Ques 5┬аFind the odd one out and say why.

i) Postman,

ii)┬аcobbler,

iii)┬аsoldier,

iv)┬аpolice constable

Ans:┬аii) cobbler,┬а

Ques 6┬аUnderemployment occurs when people

  1. do not want to work
  2. are working in a lazy manner
  3. are working less than what they are capable of doing
  4. are not paid for their work

Ans:┬аare working less than what they are capable of doing

Ques 7 In terms of GDP the share of tertiary sector in 2003 is _________

(i) between 20 per cent to 30 per cent

(ii) between 30 per cent to 40 per cent

(iii) between 50 per cent to 60 per cent

(iv) 70 per cent

Ans:┬а┬аbetween 50 per cent to 60 per cent

Ques 7 Which of the following sector is the largest contributor to the economy?

  1. Primary
  2. Secondary
  3. Tertiary
  4. information technology

Ans:┬аTertiary

Ques 8 What is the full form of NREGA?

  1. National Rural Employment┬аGovernment┬аAct
  2. National Rural┬аEducation┬аGuarantee Act
  3. National Rural Employment Guarantee Act
  4. National┬аRozgaar┬аEmployment Guarantee Act

Ans:┬аNational Rural Employment Guarantee Act

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