Q 1 – Which one among the following is the most appropriate meaning of under-employment?
(a) Workers are not paid for their work
(b) Workers are working less than what they are capable of doing
(c) Workers are working in a lazy manner
(d) Workers do not want to work
(b) Workers are working less than what they are capable of doing
Q 2 – Which of the following activities does not belong to the primary sector?
(a) Fishing
(b) Banking
(c) Mining
(d) Forestry
(b) Banking
Q 3 – Tata Iron and Steel Company Limited, Reliance Industries Limited are examples of:
(a) Public sector
(b) Private sector
(c) Mixed sector
(d) All the above
(b) Private sector
Q 4 – Which of the following sectors is the largest employer in India?
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary Sector
(d) IT Sector
(a) Primary Sector
Q 5 – Growth of cotton plant mainly depends on natural factors such as:
(а) Rainfall
(b) Sunshine
(c) Climate
(d) All the above
(d) All the above
Q 6 – The sectors are classified into public and private sectors on the basis of :
(a) Employment conditions
(b) The nature of the economic activity
(c) Ownership of enterprises
(d) Number of workers employed in the enterprise
(c) Ownership of enterprises
Q 7 – The task of measuring GDP is undertaken by the
(a) central government
(b) state government
(c) provincial government
(d) all of the above
(a) central government
Q 8 – Goods produced by exploiting natural resources belong which of the following sectors:
(a) Primary
(b) Secondary
(c) Tertiary
(d) None of the above
(a) Primary
Q 9 – Where are the employment and non-employment figures taken from to study the data?
(a) Real-Time Handbook of Statistics on Indian Economy.
(b) National Statistical Office (NSO)
(c) NITI Aayog
(d) Statistics information Bureau
(b) National Statistical Office (NSO)
Q 10 – Life insurance is an activity of the
(a) primary sector
(b) secondary sector
(c) service sector
(d) none of the above
(c) service sector
Q 11 – GDP is the total value of produced during a particular year.
(a) All goods and services
(b) All final goods and services
(c) All intermediate goods and services
(d) All intermediate and final goods and services.
(b) All final goods and services
Q 12 – Primary sector is also called:
(a) First sector
(b) Starting sector
(c) Agriculture related sector
(d) Natural sector
(c) Agriculture related sector
Q 13 – How do big private companies contribute in the development of a nation?
(a) By increasing the demands for their products through advertisements.
(b) By increasing their profits.
(c) By increasing productivity of the country in the manufacturing of industrial goods.
(d) By providing private hospital facilities for the rich.
(c) By increasing productivity of the country in the manufacturing of industrial goods.
Q 14 – The economy is classified into public and private sectors on the basis of :
(a) employment conditions
(b) the nature of the economic activity
(c) ownership of enterprises
(d) number of workers employed in the enterprise
(c) ownership of enterprises
Q 15 – The task of measuring GDP in India is undertaken by:
(а) Parliament
(b) State government ministry
(c) Central government ministry
(d) None of the above
(c) Central government ministry
Q 16 – Which sector has emerged as the largest producing sector in India. Select one from the following alternatives:
(a) Secondary sector
(b) Tertiary sector
(c) Primary sector
(d) Science and Technology sector
(b) Tertiary sector
Q 17 – Who carries economic activities?
(a) individuals
(b) firms
(c) government
(d) All of the above
(d) All of the above
Q 18 – NREGA (National Rural Employment Guarantee Act of 2005) has guaranteed ………. days of employment in a year in many districts of India. What are the correct number of days?
(a) 200 days
(b) 100 days
(c) 30 days
(d) 60 days
(b) 100 days
Q 19 – In which sector activities are not guided by the profit motive?
(a) organized sector
(b) public sector
(c) private sector
(d) unorganized sector
(b) public sector
Q 20 – Which activities come under the agriculture and related sectors?
(a) Dairy
(b) Mineral excavation
(c) using cotton fiber from the plant
(d) Selling agricultural products in the market
(a) Dairy
Q 21 – In which type of unemployment more people are employed than required?
(a) seasonal unemployment
(b) disguised unemployment
(c) educated unemployment
(d) All of the above
(b) disguised unemployment
Q 22 – Employment figures of a country are based on data collected from a 5-yearly survey on employment and unemployment. Which organization conducts this survey?
(a) NSSO – National Sample Survey Organisation
(b) NREGA 2005 – National Rural Employment Guarantee Act, 2005
(c) ILO – International Labour Organisation
(d) Census of India
(b) NREGA 2005 – National Rural Employment Guarantee Act, 2005
Q 23 – The money value of all final goods and services produced within a country during a particular year is called:
(a) Gross domestic product
(b) Net domestic product
(c) National product
(d) Production of secondary sector
(a) Gross domestic product
Q 24 – What is the secondary sector?
(a) production of a good by exploiting natural resources
(b) activities in which natural products are changed into other forms through ways of manufacturing
(c) activities, by themselves, do not produce a good but they are an aid or support for the production process.
(d) Mineral excavation
(b) activities in which natural products are changed into other forms through ways of manufacturing
Q 25 – In the data given of GDP, which was the most productive sector in 1974?
(a) Primary
(b) Tertiary
(c) Secondary
(d) Equal production
(a) Primary
Q 26 – Which of the following activities is not the activity of the Primary Sector?
(a) Milking
(b) Fishing
(c) Making of sugar
(d) Farming
(c) Making of sugar
Q 27 – Manufacturing units in unorganized sector are :
(a) not subject to government regulations
(b) subject to government regulations
(c) subject to central bank’s regulations
(d) None of the above
(a) not subject to government regulations
Q 28 – Over the past decade or so, certain new services such as …………. have become important and essential?
(a) private hospitals
(b) professional training
(c) information and communication technology
(d) Insurance
(c) information and communication technology
Q 29 – Underemployment is hidden in contrast to some who does not have a job and is clearly visible as unemployed. It is also called ………………
(a) Hidden employment
(b) Disguised unemployment.
(c) Unstable employment
(d) Less employment
(b) Disguised unemployment.
Q 30 – What is meant by GDP?
(a) Gross Dairy Product
(b) Gross Domestic Product
(c) Great Development Project
(d) Great Domestic Product
(b) Gross Domestic Product
Q 31 – Underemployment occurs when people
(a) do not want to work
(b) are working in a lazy manner
(c) get employment below their capability level
(d) paid less than the minimum wage fixed by the government
(c) get employment below their capability level
Q 32 – Which of the following is not applicable for a worker, who works in the organized sector?
(a) She gets a regular salary at the end of the month
(b) She is not paid for leave
(c) She gets a medical allowance
(d) She got an appointment letter stating the terms and conditions of work when she joins work.
(b) She is not paid for leave
Q 33 – Which among the following was the largest employer in the year 2003:
(а) Primary sector
(b) Secondary sector
(c) Tertiary sector
(d) None of the above
(а) Primary sector
Q 34 – The motive of public sector enterprises is:
(a) Profit-making
(b) Entertainment
(c) Social welfare and security
(d) None of the above
(c) Social welfare and security
Q 35 – Who carries economic activities?
(a) individuals
(b) firms
(c) government
(d) all the above
(d) all the above
Q 36 – Workers in the agricultural sector are:
(a) Over employed
(b) Less employed
(c) More employed
(d) Underemployed
(d) Underemployed
Q 37 – Which one of the following economic activities is not in the tertiary sector?
(a) Banking
(b) Beekeeping
(c) Teaching
(d) Working in a call center
(b) Beekeeping
Q 38 Protection and support to the unorganized sector workers is necessary for both:
(a) Rural and urban areas
(b) Economic and political development
(c) Social and political development
(d) Economic and social development
(d) Economic and social development
Q 39 – Which of the following types of activities are covered in the secondary sector?
(a) It generates services rather than goods.
(b) Natural products are changed through manufacturing.
(c) Goods are produced by exploiting natural resources.
(d) It includes agriculture, forestry and dairy.
(b) Natural products are changed through manufacturing.
Q 40 – Railways, and Post offices, are examples of:
(a) Public sector
(b) Private sector
(c) Mixed sector
(d) All the above
(a) Public sector