Every question from this NCERT chapter, with a detailed explanation.
Consider the following statements regarding the "Service Sector" growth: 1. New services based on information and communication technology have become important. 2. The entire service sector is growing rapidly, providing high incomes to all workers. 3. All workers in the service sector earn high incomes and enjoy job security. Which of the statements given above is/are correct?
Consider the following statements regarding the "GDP" of India: 1. It shows how big the economy is. 2. It is the sum of the value of intermediate goods produced in the three sectors. 3. It excludes the value of goods and services produced by Indians outside the country. Which of the statements given above is/are correct?
Consider the following statements regarding "Disguised Unemployment": 1. It happens when people are visibly unemployed. 2. It is common in the agricultural sector. 3. Removing a few workers from the sector does not affect total production. Which of the statements given above is/are correct?
Consider the following statements regarding the "Unorganised Sector" workers in urban areas: 1. Workers in small-scale industry are always covered under the organised sector. 2. They include casual workers in construction, trade, and transport. 3. Street vendors are considered part of the formal service sector. Which of the statements given above is/are correct?
Consider the following statements regarding the "Primary Sector": 1. It forms the base for all other products. 2. It is unrelated to agriculture and allied activities. 3. It includes activities like mining and forestry. Which of the statements given above is/are correct?
With reference to the "Tertiary Sector", consider the following statements: 1. It involves the direct extraction of natural resources. 2. Transport, storage, and banking are examples. 3. It generates services rather than goods. Which of the statements given above is/are correct?
Consider the following statements regarding "Underemployment" in the service sector: 1. It is found among casual workers in urban areas. 2. Painters and plumbers are examples of highly paid professionals in the organised sector. 3. They work in this sector because they have better opportunities elsewhere but choose flexibility. Which of the statements given above is/are correct?
Consider the following statements regarding the "Public Sector": 1. Railways and Post Offices are examples. 2. Assets are owned by private individuals. 3. It is guided by the motive of public welfare rather than profit maximization. Which of the statements given above is/are correct?
With reference to the "Private Sector", consider the following statements: 1. Reliance Industries Limited is a public sector enterprise. 2. Delivery of services is in the hands of private individuals or companies. 3. It operates primarily for profit. Which of the statements given above is/are correct?
Consider the following statements regarding the "Unorganised Sector": 1. It is outside the control of the government. 2. Strict rules and regulations are followed in this sector. 3. Employment is secure and regular. Which of the statements given above is/are correct?
Consider the following statements regarding the "Gross Domestic Product (GDP)": 1. It is the value of all final goods and services produced within a country. 2. It is calculated as an average over a decade. 3. It excludes the value of intermediate goods to avoid double counting. Which of the statements given above is/are correct?
Consider the following statements regarding the "Organised Sector": 1. It operates without any registration from the government. 2. It follows laws like the Minimum Wages Act. 3. It provides regular employment with benefits. Which of the statements given above is/are correct?
Consider the following statements regarding the role of Government in the Public Sector: 1. The primary purpose of the public sector is public welfare. 2. Governments rely solely on donations to meet expenses. 3. There are some activities that the private sector will not provide at a reasonable cost, necessitating government intervention. Which of the statements given above is/are correct?
With reference to the interdependence of sectors, consider the following statements: 1. The secondary sector is independent of the primary sector for raw materials. 2. The primary sector is dependent on the secondary sector for inputs like fertilisers and machinery. 3. The tertiary sector aids the development of the primary and secondary sectors. Which of the statements given above is/are correct?
Consider the following statements regarding the "Private Sector": 1. The main motive of this sector is public welfare. 2. Ownership of assets is in the hands of private individuals or companies. 3. TISCO is an example of a public sector enterprise. Which of the statements given above is/are correct?
Consider the following statements regarding the relationship between the Primary and Secondary sectors: 1. The Secondary sector operates independently of the Primary sector. 2. The Primary sector is dependent on the Secondary sector for inputs like tractors and fertilisers. 3. A strike by transporters can affect both Primary and Secondary sectors. Which of the statements given above is/are correct?
In the calculation of Gross Domestic Product (GDP), the value of intermediate goods like wheat and flour is not counted separately if the final good (biscuit) is included. What is the rationale behind this?
Consider the following statements regarding the "Organised Sector" employment terms: 1. Workers are required to work unlimited hours without any fixed schedule. 2. If they work more, they have to be paid overtime by the employer. 3. They are employed verbally without any formal appointment letter. Which of the statements given above is/are correct?
Consider the following statements regarding the "Public Sector": 1. It includes activities where the government owns most of the assets. 2. It provides all services in the economy. 3. Public sector enterprises also generate revenue to sustain their operations. Which of the statements given above is/are correct?
Which of the following measures can help create more employment in rural areas? 1. Halting the construction of dams and canals. 2. Government investment in transportation and storage. 3. Providing cheap agricultural credit. 4. Promoting industries in semi-rural areas.
Consider the following statements regarding the "Unorganised Sector": 1. It excludes street vendors and head load workers. 2. It includes farmers who hire labourers. 3. It includes workers in small workshops not registered with the government. Which of the statements given above is/are correct?
Consider the following statements regarding the "Primary Sector": 1. It involves the production of goods by exploiting natural resources. 2. It involves the processing of natural resources into finished goods. 3. Dairy and fishing are examples of the tertiary sector. Which of the statements given above is/are correct?
Consider the following statements regarding "Intermediate Goods": 1. They are used up in the production of final goods. 2. Their value is added separately to the value of final goods to calculate GDP. 3. Wheat flour used by a biscuit company is an example of an intermediate good. Which of the statements given above is/are correct?
With reference to the "Secondary Sector", consider the following statements: 1. It is the primary stage of economic activity. 2. It is associated with industrial activity. 3. It employs a significant portion of the workforce, though less than the primary sector. Which of the statements given above is/are correct?
With reference to the rising importance of the tertiary sector in India, consider the following reasons: 1. The government has withdrawn from the provision of basic services. 2. The development of agriculture and industry has led to the development of services such as transport and trade. 3. As income levels rise, people demand more services like tourism and private hospitals. Which of the statements given above is/are correct?
Which of the following is NOT a reason for the government to spend on the Public Sector?
With reference to the calculation of Gross Domestic Product (GDP), consider the following statements: 1. It is the sum of the value of all final goods and services produced within a country during a particular year. 2. The value of final goods excludes the value of intermediate goods used in their production. 3. Counting the value of flour and wheat separately while calculating the value of biscuits leads to the problem of double counting. Which of the statements given above is/are correct?
Consider the following statements regarding the Primary Sector of the economy: 1. It involves activities where goods are produced by exploiting natural resources through manufacturing. 2. It is largely dependent on natural factors like rainfall and sunshine. 3. It is also referred to as the agriculture and related sector. Which of the statements given above is/are correct?
With reference to the historical change in sectors in developed countries, consider the following statements: 1. In the initial stages of development, the secondary sector was the most important sector of economic activity. 2. Over a period of more than a hundred years, a shift took place where the service sector became the most important in terms of total production. 3. Most of the working people in developed countries are currently employed in the primary sector. Which of the statements given above is/are correct?
Consider the following statements regarding the "Organised Sector": 1. It covers those enterprises where the terms of employment are regular. 2. It is defined as any unit that employs more than 50 workers. 3. Firms in this sector are registered by the government and must follow its rules and regulations. Which of the statements given above is/are correct?
The term "Disguised Unemployment" refers to a situation where:
Consider the following statements regarding the Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005): 1. It guarantees 200 days of employment in a year to all those who are able to and are in need of work in rural areas. 2. If the government fails to provide employment, it provides an unemployment allowance. 3. It gives preference to types of work that would help to increase production from land in the future. Which of the statements given above is/are correct?
With reference to the "Secondary Sector", consider the following statements: 1. It covers activities in which natural products are changed into other forms through manufacturing. 2. The product in this sector is produced directly by nature without any manufacturing process. 3. It is strictly associated with factory-based production and excludes home-based manufacturing. Which of the statements given above is/are correct?
Consider the following statements regarding the "Unorganised Sector" in India: 1. It is characterized by small and scattered units which are largely outside the control of the government. 2. There are no rules and regulations applicable to this sector. 3. Jobs in this sector are often low-paid and not regular. Which of the statements given above is/are correct?
Consider the following statements regarding employment in the Service Sector in India: 1. The entire service sector is growing equally well in terms of employment opportunities. 2. A part of this sector employs highly skilled and educated workers. 3. Workers in small shopkeeping enjoy high job security and benefits. Which of the statements given above is/are correct?
The value of which of the following is used to calculate the Gross Domestic Product (GDP)?
Consider the following statements regarding the shift of employment from agriculture to other sectors in India: 1. The secondary and tertiary sectors created enough jobs to absorb all surplus agricultural labor. 2. The shift in employment has not been as dramatic as the shift in production. 3. Less than 10% of the workers in the country are working in the primary sector. Which of the statements given above is/are correct?
With reference to the "Service Sector", consider the following statements: 1. It includes activities that help in the development of primary and secondary sectors. 2. It excludes essential services like teachers and doctors. 3. In recent times, services based on information technology have become important. Which of the statements given above is/are correct?
Consider the following statements regarding the protection of workers in the unorganised sector: 1. Small-scale industries are self-sufficient and require no government support. 2. Casual workers in urban areas need protection. 3. Social discrimination is also a factor contributing to the vulnerability of workers in the unorganised sector. Which of the statements given above is/are correct?