Skip to content
GK24
GK QuizIndian Economy

Indian Economy Quiz: Sectors of the Indian Economy

  • 12 questions
  • 12 minutes
  • Difficulty: Medium
Start Quiz

About this quiz

This Indian Economy quiz on Sectors of the Indian Economy puts 12 multiple-choice questions to you, the verified MCQs published with GK24's note on the topic. Every question carries a full explanation of why the correct option is right and why the other options are wrong, so you learn the fact behind the answer rather than the letter. Attempt it right after reading the note, keep to the timer, and use the explanations at the end to mark what needs another look. Sit it again before the exam as a quick revision of the topic.

Questions in this quiz

12 questions with answers and explanations

Q6.Indian EconomyEasy

Banking and insurance are activities of which sector?

  1. A.Primary sector
  2. B.Secondary sector
  3. C.Tertiary sector
  4. D.Unorganised sector
Show answer
Correct answer: C. Tertiary sector

Banking and insurance create no physical product; they support production and trade by providing credit, moving money and covering risk, and such support activities are the core of the tertiary or service sector.

Q7.Indian EconomyMedium

The division of the economy into organised and unorganised sectors is based on what?

  1. A.Ownership of assets
  2. B.Conditions and terms of employment
  3. C.The nature of the economic activity
  4. D.The volume of exports
Show answer
Correct answer: B. Conditions and terms of employment

An enterprise belongs to the organised sector when it is registered with the government and follows labour laws, so that employment is regular and secure and workers get fixed hours, paid leave, provident fund and medical benefits.

Q10.Indian EconomyMedium

Gross domestic product is the value of which of the following?

  1. A.All goods and services, final and intermediate, produced in a country in a year
  2. B.All final goods and services produced within a country in a year
  3. C.All goods exported by a country in a year
  4. D.All goods produced by the citizens of a country anywhere in the world
Show answer
Correct answer: B. All final goods and services produced within a country in a year

Gross domestic product is the money value of all final goods and services produced within the boundaries of a country during a year, counted sector by sector.

View all quizzes