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Question 1 of 5
1. Question
2 points
1. Consider the following
Fishermen- Primary Sector
Workers in the Match-box Factory- Secondary Sector
Employees of the Call Center- Tertiary Sector
Which of the pairs given above are correctly matched?
Correct
Answer: D
Explanation:
The agricultural and allied sector services are known as the Primary Sector.
The manufacturing sector is known as the Secondary Sector.
The service sector is known as the Tertiary Sector.
Incorrect
Answer: D
Explanation:
The agricultural and allied sector services are known as the Primary Sector.
The manufacturing sector is known as the Secondary Sector.
The service sector is known as the Tertiary Sector.
Question 2 of 5
2. Question
2 points
2. Which of the following is/are favourable to Globalisation?
Opening of Oxford Campus in India.
High tax on the car imported from South Korea.
Setting up a call center of Silicon Valley company in Noida.
Select the correct answer using the code given below:
Correct
Answer: B
Explanation:
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services.
Second condition ‘Higher tax on importing car’ is not a favourable condition for globalization.
condition for globalization.
Incorrect
Answer: B
Explanation:
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services.
Second condition ‘Higher tax on importing car’ is not a favourable condition for globalization.
condition for globalization.
Question 3 of 5
3. Question
2 points
3. Regarding the three sectors of the economy, consider the following statements:
In a developing economy, the Primary Sector has the least contribution to GDP, but it employs the most people.
In India, the contribution of the Secondary Sector to the economy has increased during the last 10 years.
The Tertiary Sector contributes the most to the economy of developed countries.
Which of the statements given above are correct?
Correct
Answer: D
Explanation:
All the above statements are correct:
For developing country like India, the Primary Sector (nearly 16% of GDP) has the least contribution to GDP, but it employs the most people.
The contribution of secondary sector to economy has increased from 24% to 29% during the last ten years.
In developed countries like the USA, Canada and Germany, Service Sector contributes the most to the economy of developed countries.
Incorrect
Answer: D
Explanation:
All the above statements are correct:
For developing country like India, the Primary Sector (nearly 16% of GDP) has the least contribution to GDP, but it employs the most people.
The contribution of secondary sector to economy has increased from 24% to 29% during the last ten years.
In developed countries like the USA, Canada and Germany, Service Sector contributes the most to the economy of developed countries.
Question 4 of 5
4. Question
2 points
4. Consider the following:
The working population ‘ratio’ in terms of employment of women is higher in urban areas than in rural areas.
Rural people work more in the tertiary sector than in the secondary sector.
Women work proportionately less in the informal sector than in the formal.
Which of the statement given above are correct?
Correct
Answer: D
Explanation:
All the above statements are incorrect.
The working population ‘ratio’ in terms of employment of women is lower in urban areas (14.2%) than in rural areas (17.5%).
Rural people work more in the Secondary Sector (20.4%) than in the Tertiary Sector (19.8%).
Women work proportionately more in the informal sector (30%) than in the formal (20%).
Incorrect
Answer: D
Explanation:
All the above statements are incorrect.
The working population ‘ratio’ in terms of employment of women is lower in urban areas (14.2%) than in rural areas (17.5%).
Rural people work more in the Secondary Sector (20.4%) than in the Tertiary Sector (19.8%).
Women work proportionately more in the informal sector (30%) than in the formal (20%).
Question 5 of 5
5. Question
2 points
5. Consider the following
GDP Product
Inflation Rate
Slowdown in Telecom Sector
Which of the above will be studied under macroeconomics?
Correct
Answer: A
Explanation:
Economics is divided into two different categories: Microeconomics and Macroeconomics. Microeconomics is the study of individuals and business decisions, while Macroeconomics looks at the decisions of countries and governments.
The slowdown in the Telecom sector comes under the micro-economics.
Incorrect
Answer: A
Explanation:
Economics is divided into two different categories: Microeconomics and Macroeconomics. Microeconomics is the study of individuals and business decisions, while Macroeconomics looks at the decisions of countries and governments.
The slowdown in the Telecom sector comes under the micro-economics.
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