Sectors of Indian Economy Part 2

Disguised Unemployment means a situation where people are:

• Unemployed
• Employed but earning less salary
• Employed but productivity is nil
• Unemployed for a short period of time

Why did the Secondary sector later become the most important sector?

•  People began to use many more goods that were produced in factories at cheap rates
• Employment increased
• Agriculture declined
• A & B

The motive of public sector enterprises is:

• Profit making
• Entertainment
• Social welfare and security
• None of the above

Which of the following is also known as disguised employment?

• Over-employment
• Factory employment
• Under-employment
• Unemployment

Which of the following economic activity does not come under the primary sector?

• Fishing
• Farming
• Mining
• Banking

Not every good (or service) that is produced and sold needs to be counted It makes sense only to include the __________to get the total production?

• values of goods and services in production
• final goods and services
•  adding up the actual numbers of goods
• goods and services in the three sectors

Who carries economic activities?

• individuals
• firms
• government
• all the above

Which of the following activities is not the activity of Primary Sector?

• Milking
• Fishing
• Making of sugar
• Farming

Which of the following statements is true in respect of Public Sector?

• Big companies own most of the assets
• Government owns the assets
• A group of people owns most of the assets
• An individual owns most of the assets

What is meant by GDP?

• Gross Dairy Product
• Gross Domestic Product
• Great Development Project
• Great Domestic Product