MCQs- Sectors of the Indian Economy – Important Questions

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Sectors of the Indian Economy – Collapsible Q&A with MCQs

Primary, Secondary, and Tertiary sectors are the three main sectors. Additionally, Quaternary and Quinary sectors are also recognized in modern economies.

The primary sector involves agriculture, fishing, forestry, and mining. It provides essential raw materials and employment to a large population.

a) Primary Sector
b) Secondary Sector
c) Service Sector
d) Quinary Sector

Correct Answer: c) Service Sector

a) White Revolution
b) Green Revolution
c) Blue Revolution
d) Yellow Revolution

Correct Answer: b) Green Revolution

It provides services like banking, education, healthcare, and transportation, supporting both the primary and secondary sectors.

Organised sectors are regulated by the government, offer job security, and follow labor laws. Unorganised sectors are informal and lack job security and benefits.

a) Primary
b) Secondary
c) Tertiary
d) Quaternary

Correct Answer: c) Tertiary

Quaternary: IT, R&D, data analysis. Quinary: High-level decision makers like CEOs, government leaders, and education heads.

Chapter NumberPAPER I – INDIAN ECONOMY & INDIAN FINANCIAL SYSTEM
MODULE A: INDIAN ECONOMIC ARCHITECTURE
1. An Overview of the Indian Economy: Evolution, Structure & Key Milestones
2. Economic Planning in India: A Complete Overview,Sectors of the Indian Economy
3. Role of Priority Sector and MSME in the Indian Economy
4. Infrastructure including Social Infrastructure
5. Globalisation – Impact on India
6. Economic Reforms
7. Foreign Trade Policy, Foreign Investments and Economic Development
QandAs/MCQs 1 Q and A - An Overview of the Indian Economy: Evolution, Structure and Key Milestones
QandAs/MCQs 2Q&As- Economic Planning in India – Short Questions and Answers
QandAs/MCQs 3 MCQs- Sectors of the Indian Economy – Important Questions
QandAs/MCQs 4 MCQs- Role of Priority Sector and MSME in the Indian Economy
QandAs/MCQs 5MCQs – Infrastructure, Globalisation, and Economic Reforms
QandAs/MCQs 6 MCQs – Foreign Trade, Investments & International Economic Organizations
QandAs/MCQs 7 MCQs – Climate Change, SDGs, and Indian Economic Issues
MODULE B: ECONOMIC CONCEPTS RELATED TO BANKING
MODULE C: INDIAN FINANCIAL ARCHITECTURE
MODULE D: FINANCIAL PRODUCTS AND SERVICES

a) Agriculture
b) Banking
c) Manufacturing
d) IT Services

Correct Answer: a) Agriculture

a) Green Revolution
b) White Revolution
c) Blue Revolution
d) Pink Revolution

Correct Answer: b) White Revolution

a) Primary
b) Secondary
c) Tertiary
d) Quinary

Correct Answer: c) Tertiary

a) White Revolution
b) Green Revolution
c) Blue Revolution
d) Yellow Revolution

Correct Answer: c) Blue Revolution

a) Street vendor
b) Construction labourer
c) Government employee
d) Domestic worker

Correct Answer: c) Government employee

a) Provide raw materials
b) Manufacture goods
c) Deliver services
d) Conduct research

Correct Answer: b) Manufacture goods

a) Teacher
b) Doctor
c) Prime Minister
d) Farmer

Correct Answer: c) Prime Minister

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