With reference to the sectors of the Indian economy, consider the following pairs : (Economic activity) (Sector) 1. Storage of agricultural produce : Secondary 2. Dairy farm : Primary 3. Mineral exploration : Tertiary 4. Weaving cloth : Secondary How many of the pairs given above are correctly matched?
- A.Only one
- B.Only two
- C.Only three
- D.All four
Correct answer
Explanation
The correct answer is B, Only two. Dairy farming (primary) and weaving cloth (secondary) are correctly matched; storage and mineral exploration are not.
The primary sector draws goods directly from nature: farming, dairy, fishing, forestry, mining and quarrying. The secondary sector turns raw material into new products through manufacturing, such as spinning yarn and weaving cloth. The tertiary or service sector does not produce goods but supports the other two through transport, storage, trade, banking and communication. So storing grain in a warehouse is a service and belongs to the tertiary sector, while mineral exploration and mining belong to the primary sector because they extract natural resources.
A is wrong: two pairs, not one, are correct.
C is wrong: pairs 1 and 3 are both wrongly matched.
D is wrong: only pairs 2 and 4 are right.
Exam tip: nature = primary (including mining), making = secondary, services such as storage, transport and banking = tertiary.
Practice Questions
View allThe widespread deaths due to starvation and epidemics are the characteristics of
- A.famine
- B.poverty
- C.civil war
- D.malnutrition
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A famine is marked by widespread deaths from starvation and from epidemics, which spread through contaminated water, rotting food and bodies weakened by hunger.
Read the full explanation →In India, which of the following can be considered as public investment in agriculture?
1. Fixing Minimum Support Price for agricultural produce of all crops
2. Computerization of Primary Agricultural Credit Societies
3. Social Capital development
4. Free electricity supply to farmers
5. Waiver of agricultural loans by the banking system
6. Setting up of cold storage facilities by the governments
Select the correct answer using the code given below :
- A.1, 2 and 5 only
- B.1, 3, 4 and 5 only
- C.2, 3 and 6 only
- D.1, 2, 3, 4, 5 and 6
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Public investment means government spending that creates lasting assets or capacity, while support prices, free power and loan waivers are subsidies or transfers.
Read the full explanation →Consider the following activities :
I. Production of crude oil
II. Refining, storage and distribution of petroleum
III. Marketing and sale of petroleum products
IV. Production of natural gas
How many of the above activities are regulated by the Petroleum and Natural Gas Regulatory Board in our country?
- A.Only one
- B.Only two
- C.Only three
- D.All the four
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The Petroleum and Natural Gas Regulatory Board covers the downstream chain, refining to sale, but not the production of crude oil and natural gas.
Read the full explanation →Which one of the following equals Personal Disposable Income ?
- A.Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.
- B.Private Income - Saving of Private Corporate Sectors - Corporation Tax
- C.Private Income - Taxes
- D.Total expenditure of Households - Income Tax - Gifts received
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In national income accounting the steps run from private income to personal income to personal disposable income. Private income is the factor income of the private sector plus transfers.
Read the full explanation →With reference to India, consider the following pairs:
Organization : Union Ministry
I. The National Automotive Board : Ministry of Commerce and Industry
II. The Coir Board : Ministry of Heavy Industries
III. The National Centre for Trade Information : Ministry of Micro, Small and Medium Enterprises
How many of the above pairs are correctly matched?
- A.Only one
- B.Only two
- C.All the three
- D.None
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Each organisation is paired with the wrong ministry. The National Automotive Board works under the Ministry of Heavy Industries; it supports the automobile sector with testing and certification work and helps run schemes for the industry.
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