Practice Test

Q1) The sectors are classified into public and private sector on the basis of : Show Answer

Q2) When we produce a good by exploiting natural resources, it is an activity of the : Show Answer

Q3) The service sector includes activities such as : Show Answer

Q4) Choose the correct meaning of organised sector : Show Answer

Q5) Which of the following is included in tertiary sector ? Show Answer

Q6) Government owns most of the assets and provides all the services : Show Answer

Q7) The value of the final goods and services produced within a country during a particular year is called as : Show Answer

Q8) A situation in which more persons are employed on a job than are optimally required is : Show Answer

Q9) Out of 200 million children in the school going age group, how many are attending schools ? Show Answer

Q10) Central government in India made a law, implementing the Right to Work in how many district of India ? Show Answer

Q11) There is no provision for overtime, paid leave, holidays etc. in unorganized sector. Show Answer

Q12) The objective of public sector is to maximize profits. Show Answer

Q13) Railways comes under public sector. Show Answer

Q14) Capital is the only factor of production. Show Answer

Q15) The goods which are meant either for consumption by consumers or for investment by firms are called final goods. Show Answer

Q16) Under NREGA 2005, the government guaranteed 120 days of work to rural household. Show Answer

Q17) When more persons are employed in a job rather than optimally required is seasonal unemployment. Show Answer

Q18) Which of the following statements is incorrect ? Show Answer

Q19) Take the case of a small farmer, Laxmi, owning about two hectares of unirrigated land dependent only on rain and growing crops, like jowar and arhar. All five members of her family work in the plot throughout the year. Why ? They have nowhere else to go for work. You will see that everyone is working, none remains idle, but in actual fact, their labour effort gets divided. Each one is doing some work but no one is fully employed. This is the situation of underemployment, where people are apparently working but all of them are made to work less than their potential.
Analyse the employment information given above, considering one of the following correct option. Show Answer

Q20) In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the correct option :
Assertion (A) :
Imagine what would happen if farmers refuse to sell sugarcane to a particular sugar mill. The mill will have to shut down.
Reason (R) :
This is an example of the tertiary or service sector being dependent on the primary. Show Answer

Q21) Which of the following profession belongs to the Tertiary sector of economy? Show Answer

Q22) Most of the agricultural labourers like Mohan depend upon loans from informal sector. Which of the following statements about this sector is correct? Show Answer

Q23) Production of a commodity, mostly through the natural process, is an activity in ____ sector. Show Answer

Q24) GDP is the total value of _____ produced during a particular year.
Show Answer

Q25) In terms of GDP the share of tertiary sector in 2013 - 14 is: Show Answer

Q26) Economic Survey is published by the: Show Answer

Q27) The sector which has emerged as the largest producing sector in India is: Show Answer

Q28) In our country, NREGA 2005 aims to provide to all those who are able to, and are willing to work, a minimum of __ Show Answer

Q29) The sectors are classified into Public and Private sector on the basis of __ Show Answer

Q30) Which sector of economy is the largest employer? Show Answer

Q31) Which one of the following occupations suffers from underemployment? Show Answer

Q32) Arrange the following in the correct sequence:
(i) Transporting cloth to the workshops
(ii) Sale in shops and showrooms
(iii) Spinning the yarn
(iv) Weaving of the fabric Show Answer

Q33) Arrange the following in the correct sequence:

(i) Harvesting the crop
(ii) Selling the surplus production in the market
(iii) Sowing the seeds in the soil
(iv) Cultivating the soil Show Answer

Q34) Arrange the following in the correct sequence:

(i) Transporting flowers to the vendors.
(ii) Plucking flowers from the plants
(iii) Selling garlands at the shops
(iv) Making garlands with flowers Show Answer

Q35) Analyze the information given below, considering one of the following correct options:

Sushila is a worker in garment export industry of Agra. She gets facilities like health insurance provident fund, overtime at a doubt rate, medical leave, etc. She is working in: Show Answer

Q36) Analyse the information given below, considering one of the following correct options:

There are many activities that are undertaken by directly using natural resources. For example, the cultivation of cotton beekeeping, dairy farming etc. Show Answer

Q37) Analyse the information given below, considering one of the following correct options:

Laxmi, owning about three hectares of unirrigated land dependent only on rain and growing crops like jowar and arhar. All seven members of her family work in the field throughout the year. You will see that everyone is working, none remains idle, but in actual fact their labour effort gets divided. Each one is doing some work but no one is fully employed. Show Answer

Q38) Analyse the information given below, considering one of the following correct options:

Kamal works in rice mill. Jobs here are low-paid and often not regular. There is no provision for overtime paid leave holidays, etc. Employment is not secure. people can be asked to leave without any reason. Show Answer

Q39) Rakesh works in a automobile unit in Gurugram. But he does not get any facility like health insurance, medical leave provident fund, gratuity, etc. Show Answer

Q40) Find the incorrect option from the following: Show Answer

Q41) Find the incorrect option from the following: Show Answer

Q42) Find the correct option from the following: Show Answer

Q43) Directions: In the following questions, A statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as.

Assertion (A): Not every good or service that is produced and sold needs to be counted to know the total production in each sector.
Reason (R): The value of final goods already includes the value of all the intermediate goods. Show Answer

Q44) Directions: In the following questions, A statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as.

Assertion (A): Under MGNREGA 2005, those who are able to, and are in need to work in rural areas are guaranteed 100 days of employment in a year.
Reason (R): The Central government in India made a law implementing the Right to work in about 625 districts of India.
Show Answer

Q45) Directions: In the following questions, A statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as.

Assertion (A): Rakesh is an educated and skilled worker who earns a high monthly salary as he is employed in a private bank in a city.
Reason (R): All service sectors in India are growing well and each individual engaged in any kind of tertiary activity earns a high income. Show Answer

Q46) Directions: In the following questions, A statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as.

Assertion (A): The development of agriculture and industry leads to the development of service sector.
Reason (R): As the primary and secondary sectors develops, the demand for transport, storage structures, banks, insurance, etc., increases. Show Answer

Q47) Directions: In the following questions, A statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as.

Assertion (A): In India, over the forty years between 1973-74 and 2013-14, while production in all the three sectors has increased, it has increased the most in the tertiary sector.
Reason (R): Tertiary sector is the only organized sector in the economy so the government spends a lot of money for creating jobs in tertiary sector. Show Answer

Q48) Directions: In the following questions, A statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as.

Assertion (A): Reliance industries is a privately-owned firm.
Reason (R): Government is a major stakeholder is reliance industries. Show Answer

Q49) Production of a commodity, mostly through ways of manufacturing is an activity of which sector?
Show Answer

Q50) Which of the following is an example of Tertiary activities? Show Answer

Q51) Which of the following statement is not true? Show Answer

Q52) Which of the following statement is not true with respect to organized sector?
Show Answer

Q53) Which of the following statements is an example or unorganized sector activities? Show Answer

Q54) In the rural areas, the unorganized sector mostly comprises of Show Answer

Q55) In the urban areas, unorganised sector comprises mainly of Show Answer

Q56) What method does the Economists suggest in counting the various goods and services?
Show Answer

Q57) What is the role of Central government Ministry in measuring GDP? Show Answer

Q58) Why not every good (or service) that is produced and sold needs to be counted? Show Answer

Q59) Give an example of intermediate goods. Show Answer

Q60) Which sector acts as an aid or support to the other sectors in the economy? Show Answer

Q61) Which sector generates services rather than goods? Show Answer

Q62) Bank/ ATM is an example of which sector? Show Answer

Q63) In which year was the National rural employment guarantee act implemented? Show Answer

Q64) Which sector contributes the highest GDP in our country? Show Answer

Q65) Name the Sector which continued to be the largest employer till today. Show Answer

Q66) While baking a cake the cocoa powder used by the Baker is an example of which type of good? Show Answer

Q67) Expand GDP Show Answer

Q68) “Jaggery making” is an example of which sector? Show Answer

Q69) Which of the following sector does not come under the service sector in India? Show Answer

Q70) The goods that are derived by exploiting natural resources are referred as goods of_____ Show Answer

Q71) Which of the following is another name of primary sector? Show Answer

Q72) Which of the following is a benefit of tertiary sector? Show Answer

Q73) Which of the following best defines GDP of a country? Show Answer

Q74) Which of the following refers to the intermediate goods? Show Answer

Q75) Which of the following sectors is the largest producing sectors in India? Show Answer

Q76) Choose a method to tackle the problem of under employment in a country: Show Answer

Q77) Which of the following is true about Mahatma Gandhi National rural employment guarantee act 2005? Show Answer

Q78) Which of the following is true for disguised unemployment? Show Answer

Q79) GDP is total value of_____ produced during a particular year. Show Answer

Q80) Analyse the information given below, considering one of the following correct options:
Sushila is a worker in garment export industry of Agra. She gets facilities like health insurance, provident fund, overtime at double rate, medical leave, etc. She is working in:
Show Answer

Q81) Arrange the following in the correct sequence:
1) Sale of cloth in the market
2) Using cotton fibre to make yarn and then weave cloth
3) Transportation of woven cloth to the market
4) Forming of cotton plants
Show Answer

Q82) Arrange the following in correct sequences:
1) Ginning
2) Cotton spinning
3) Dyeing cotton fabric
4) Growing cotton
Show Answer

Q83) The tertiary sector is not playing any significant role in development of Indian economy Show Answer

Q84) There has been a big change in the three sectors of economic activities in India but a similar shift has not taken place in share of employment Show Answer

Q85) The unorganised sector in urban areas consist of casual workers especially in construction, trade and transport as well as the people who are employed on their own doing small jobs such as selling on street or doing repair work. Show Answer

Q86) The purpose of public sector is not to earn profit while activities in the private sector are guided by the motive to earn profits only Show Answer

Q87) The public sector plays an important role in the economy of India by creating and expanding infrastructure such as construction of roads, bridge, railways, schools, hospitals, etc. Show Answer

Q88) Assertion: Leela works five days a week, receives her income on the last day of each month and gets medical facilities from her firm.
Reason: Leela is working in organised sector.
Show Answer

Q89) Assertion: Mohan is a shopkeeper who pays his taxes on time. He has employed two workers Rakesh and Raghu in his shop. He pays them well, however, none of the worker gets any paid leaves in the year.
Reason: Rakesh and Raghu are employed in unorganised sector.
Show Answer

Q90) Assertion: When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.
Reason: The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. The sum of production in three sectors give the GDP of a country.
Show Answer

Q91) The passage given above relates to which of the following option? Show Answer

Q92) According to the given passage, TISCO falls under private sector because - Show Answer

Q93) Private organisation this days provide better services than public organisations because Show Answer

Q94) Basic services like health, education and infrastructure usually comes under public sector the reason is: Show Answer

Q95) The passage given above relates to which of the following options? Show Answer

Q96) According to the given passage, irrigation helps in increasing agricultural employment based on which of the following options? Show Answer

Q97) By setting up a dam which part of agricultural activities will be impacted? Show Answer

Q98) To accommodate more family members Lakshmi needs to Show Answer

Q99) Identify the difference between the organised and unorganised sectors. Show Answer