1. When we produce a good by exploiting natural resources, it is called _______.
A. Primary sector
B. Service sector
C. Public sector
D. Tertiary sector
Answer A: Primary sector
2. Name one type of classification of the economy.
A. Urban Rural
B. Public/Private
C. State/National
D. Urban
Answer B: Public/ Private
3. Name one functioning activity of the Tertiary sector.
A. This sector gradually became associated with different kinds of industries.
B. Activities in which natural products are changed into other forms through ways of manufacturing.
C. Produce a good by exploiting natural resources.
D. Goods that are produced would need to be transported by trucks or trains and then sold in wholesale and retail shops.
Answer D: Goods that are produced would need to be transported by trucks or trains and then sold in wholesale and retail shops.
4. Not every good (or service) that is produced and sold, needs to be counted. It makes sense only to include the ______ to get the total production.
A. Final goods and services.
B. Adding up the actual numbers of goods.
C. Goods and services in the three sectors.
D. Values of goods and services in production.
Answer A: Final goods and services
5. The task of measuring GDP is undertaken by the _______.
A. State government
B. Provincial government
C. All of the options are correct
D. Central government
Answer D: Central government
6. How do big private companies contribute to the development of a nation?
A. By increasing their profits.
B. By increasing productivity of the country in the manufacturing of industrial goods.
C. By providing private hospital facilities for the rich.
D. By increasing the demands for their products through advertisements.
Answer B: By increasing productivity of the country in the manufacturing of industrial goods.
7. Which of the following types of activities are covered in the secondary sector?
A. Natural products are changed through manufacturing.
B. Goods are produced by exploiting natural resources.
C. It includes agriculture, forestry, and dairy.
D. It generates services rather than goods.
Answer A: Natural products are changed through manufacturing.
8. Where will you find the most disguised unemployment? Select the correct option from those given below:
A. In most of the government offices.
B. In big private companies.
C. Among agricultural workers working for small farmlands.
D. Among part-time industrial workers.
Answer C: Among agricultural workers working for small farmlands.
9. Life insurance is an activity of the _______.
A. Secondary sector
B. Service sector
C. None of the above options are correct
D. Primary sector
Answer B: The service sector
10. Employment figures of a country are based on data collected from a 5-yearly survey on employment and unemployment. Which organisation conducts this survey?
A. NREGA 2005—National Rural Employment Guarantee Act, 2005.
B. ILO — International Labour Organisation.
C. Census of India.
D. NSSO—National Sample Survey Organisation.
Answer D: NSSO—National Sample Survey Organisation.
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