1. The sectors are classified into public and private sector on the basis of :
(a) Employment conditions
(b) The nature of economic activities
(c) Number of workers employed
(d) Ownership of enterprises3
Answer
Answer: d
2. When we produce a good by exploiting natural resources, it is an activity of the:
(a) Secondary sector
(b) Tertiary sector
(c) Primary sector
(d) Organised sector
Answer
Answer: c
3. The service sector includes activities such as:
(a) agriculture, dairy, fishing and forestry
(b) making sugar, gur and bricks
(c) transport, communication and banking
(d) None of these
Answer
Answer: c
4. Choose the correct meaning of organised sector:
(a) It covers those enterprises where the terms of employment are regular.
(b) It is outside the control of the government.
(c) Jobs are not regular.
(d) It provides low salaries.
Answer
Answer: a
5. Which of the following is included in tertiary sector?
(a) ATM booths
(b) Call centres
(c) Internet cafe
(d) All of them
Answer
Answer: d
6. Government owns most of the assets and provides all the services:
(a) Private Sector
(b) Public Sector
(c) Organised Sector
(d) Tertiary Sector
Answer
Answer: b
7. The value of all final goods and services produced within a country during a particular year is called as:
(a) Gross Domestic Product
(b) Net Domestic Product
(c) National Product
(d) Production of Tertiary Sector
Answer
Answer: a
8. A situation in which more persons are employed on a job than are optimally required is:
(a) Structural unemployment
(b) Disguised unemployment
(c) Cyclical unemployment
(d) Seasonal unemployment
Answer
Answer: b
9. Out of 200 million children in the school going age group, how many are attending schools?
(a) One-fourth
(b) Half
(c) Two-thirds
(d) One-fifth
Answer
Answer: c
10. Central government in India made a law, implementing the Right to Work in how many districts of India?
(a) 150 districts
(b) 200 districts
(c) 250 districts
(d) 625 districts
Answer
Answer: d
11. GDP stands for Gross Domestic Product. What does it show? Pick up the correct statement given below:
(a) It shows how big is the economy of a country in a given year in terms of its total output.
(b) It shows what the total product of a country in a given year without counting the country’s total resources.
(c) It shows the number of people involved in production in a particular year.
(d) It shows the total value of trade trans-actions of a country in a particular year.
Answer
Answer: a
12. Employment figures of a country are based on data collected from 5-yearly survey on employment and unemployment. Which organisation 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
Answer
Answer: b
13. Identify the natural product from the list of items given below:
(a) Textile
(b) Wheat flour
(c) Cotton
(d) Tomtao sauce
Answer
Answer: c
14. Which of the following examples does not fall under unorganized sector?
(a) A farmer irrigating his field.
(b) A daily wage labourer working for a contractor.
(c) A doctor in a hospital treating a patient.
(d) A handloom weaver working on a loom in her house.
Answer
Answer: c
15. Identify the correct answer from the alternatives provided.
Both Tisco and Reliance Industries are owned by :
(a) The government
(b) Private company
(c) A cooperative society
(d) Jointly by private companies and the govt.
Answer
Answer: c
16. 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
Answer
Answer: b
17. Choose one correct statement from the following:
Underemployment occurs —
(a) when people are not willing to work.
(b) when people are working slowly.
(c) when people are working less than what they are capable of doing.
(d) when people are not paid for their jobs.
Answer
Answer: c
18. 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
Answer
Answer: b
19. Where will you find the disguised unemployment most? Select the correct option from those given below:
(a) Among agricultural workers working for small farm lands
(b) Among part-time industrial workers
(c) In most of the government offices
(d) In big private companies
Answer
Answer: a
20. 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.
Answer
Answer: c
21. ____________ refers to the activities which are undertaken by people with the object of earning money.
Answer/Explanation
Answer:
Explanation: Economic activities
22. A housewife looking after the household is an example of ____________ .
Answer/Explanation
Answer:
Explanation: non-economic activities
23. All goods which are used as raw material for further production of other goods or for resale in the same year are called ____________ .
Answer/Explanation
Answer:
Explanation: intermediate goods
24. The Act guaranteed 100 days of employment in a year or unemployment allowances to the people should be provided by the government is known as ____________ .
Answer/Explanation
Answer:
Explanation:
Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005)
25. ____________ sector is governed by various laws such as Factories Act, Minimum Wages Act etc.
Answer/Explanation
Answer:
Explanation: Organised
26. ____________ includes production by exploiting natural resources.
Answer/Explanation
Answer:
Explanation: Primary sector
27. ____________ and ____________ are the two factors of production.
Answer/Explanation
Answer:
Explanation: Capital; labour
28. There is no provision for overtime, paid leave, holidays etc. in unorganized sector. (True/False)
Answer/Explanation
Answer:
Explanation:
True, as the jobs are not regular and lack in security.
29. The objective of public sector is to maximize profits. (True/False)
Answer/Explanation
Answer:
Explanation:
False, as the objective of public sector is to promote public welfare and not to maximize profits.
30. Railways comes under public sector. (True/False)
Answer/Explanation
Answer:
Explanation:
True, as the government owns them.
