(d) None of the above. It comprises of a chairman, 3 official and 3 non official members and 3 permanent invitees. 1. d. Central … In 2003, the tertiary sector has emerged as the largest producing sector in India replacing the secondary sector. Answer: (d) Unorganised sector Answer: (c) Industrial sector Answer: (d) Under employed So, ace up your preparation with MCQ of Chapter 2 Economics Objective Questions. Economics is a science which studies the _____ A. production of wealth only B. optimum use of scarce resources C. (d) None of the above. […] Prelims MCQs Quiz 46 : Economic Survey 2014-15 1. (d) None of the above. Group A Economics Chapter Public Finance MCQs: The Central Superior Services (denoted as CSS; or Bureaucracy) is an elite permanent bureaucratic authority, and the civil service that is responsible for running the civilian bureaucratic operations and government secretariats and directorates of … Which of the following is a characteristic of pure monopoly? Answers: The public sector includes  All trade via barter. (c) Tertiary sector Answer: (d) Economic and social development The boiling & freezing points on a newly defined temperature scale in degree ‘D’ are 400°D & 100°D respectively. The ……………………… shows how big the economy of a country is. (c) Mixed sector (d) Working sector. Question 24. (function() { The sector in which the government owns most of the assets and provides all the services is called: (b) Primary sector Question 20. Chapter 05. The sector which is characterised by small and scattered units largely outside the control of the government is called: Under NREGA 2005, all those who are able to, and are in need of work have been guaranteed 200 days of employment in a year by the government. Test Syllabus consist of MCQS having multiple choice questions (MCQs) usually MCQS of Computer, MCQS of Islamiat, MCQS of Chemistry, English MCQS, and General Knowledge MCQS also.The duration of the test is 1 hour, 2 hours or some time more then this. It is beneficial for both economic and social development. MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. (b) Secondary sector 17.Economic growth in Russia and China used to be led by the public sector. Good produced by exploiting natural resources belong which of the following sectors: 24. In the past 100 years, there has been a further shift from secondary to ……………………… sector in developed countries. Production in the period 1973-2003 has increased the most in: (d) None of the above. Find videos, notes and more@learnfatafat. (d) None of the above. (b) Less employed The primary sector. Which of the following equipments is used for liquid dispersion ? Answer: (c) Agriculture related sector Home Economics Mcqs The public sector includes ? It is a primary activity. Secondary sector is also called: Tertiary sector is also called service sector. Question 4. It is called private sector. NCERT Solutions; ... the sectors are classified into public and private sector? (а) Private sector Posted By: Faisal Wahab on: January 28, 2020 In: Economics Mcqs. Now-a-days most of the working people are employed in the service sector. (d) None of the above. (d) To provide employment. (а) Secondary sector (b) Agriculture If worker A earns more in wages than worker B, it could be because: a. (c) 100 days employment in a year by the government They are government owned and thus are examples of public sector. Which term describes the current system in Russia and China? Primary sector is also called agriculture related sector. (a) Primary sector Answer: (b) Private sector here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. However, both sectors are important. In India, the task of measuring GDP is undertaken by the Central government ministry. Question 2. (b) Private sector (d) None of the above. A multilevel decentralized fiscal system involving sharing of fiscal responsibilities. (a) Rural and urban areas (c) Tertiary sector 20. (a) First sector are included in the ……………………… and related sector. 18. (а) Rainfall 29. Economic Survey 2014-15 mentions - The Indian banking system is afflicted by what might be called “double […] Prelims MCQs Quiz 27 : Economy 1. These quiz objective questions are helpful for competitive exams. Midrex process of sponge iron production uses reformed natural gas as the reducing agent, which uses iron ore in the form of_________________? (c) Sharbat Protection and support to the unorganised sector workers is necessary for both: (b) Public sector Household Behaviour. The public sector includes ? Gkseries provide you the detailed solutions on Business Economics as per exam pattern, to help you in day to day learning. 11. Know your preparation level on MCQ Questions for Class 10 Social Science with Answers. Which of the following sector forms the base for all the other products that we subsequently make: Home » Economics MCQS » Multiple Choice Quiz Questions – Chapter 6 ... Public expenditure in excess of public revenue (b) Public revenue in excess of public expenditure ... Unit Number 319, Vipul Trade Centre, Sohna Road, Gurgaon, Sector 49, Gurugram, Haryana 122018, India; Monday – … ... High Skilled Labor in Unorganized Sector [C] Low skilled Labor in Organized sector [D] Low skilled Labor in Unorganized sector. Answer: (a) Service sector The purpose of the public sector is (e) not just to (A) earn money: 2. The value of final goods already includes the value of all: Solve free MCQ on mcq on sectors of indian economy, helpful for class 10 economics for CBSE board. 7. It does not include private companies, voluntary organizations, and households. Economics Mcqs for Lecturer & Subject Specialist Exams. generally it focuses on providing services that can benefit the entire society rather than just those who are using the service Since the 1990’s, it is common to see a large number of workers losing their jobs in the: var hs = document.createElement('script'); hs.type = 'text/javascript'; hs.async = true; Secondary sector in India employs many different kinds of people. The tertiary sector includes activities that help in the development of the primary and secondary sectors. The sector which includes a large number of people was are employed on their own doing small jobs such as selling on the street or doing repair work is referred to as: (d) None of the above. ……………………… sector covers those enterprises where the terms of employment are regular. More than half of the workers in the country are working in the primary sector. (a) Secondary b. Print Email (A) Investors owning companies (X) (B) Government ownership of assets (X) (C) Market … (d) none of the above. Goods that satisfy human wants though their direct use or consumption are called______________. ... CBSE Class 10th Economics 1 – Development MCQs CBSE Class 10th Economics 3 – Money and Credit MCQs. The value of the final goods already includes the value of all the intermediate goods that are used in making the final good. Under employment does not occur in other sectors. Tertiary sector is also called service sector. _Hasync.push(['Histats.fasi', '1']); 15. 1. The four factor payment are: (A) Money, capital, salaries, and income. Answer: (a) Sugar or gur Question 29. 3. Punjab Public service Commission for Economics Exam This content has been downloaded from | Compiled by: STUDENT INN | 0300-9800135 Page 2 c. non-pecuniary skills d. all of the above 7. As time passed, ……………………… sector became the most important in total production and employment. The sectors are classified into public and private sector on the basis of : (a) Employment conditions. (c) Tertiary sector 9. (b) Goods and services (adsbygoogle = window.adsbygoogle || []).push({}); TodayMCQs 2. cbse class 11- indian economic development - chapter 2-indian economy(1950-1990) - mcqs (#cbsenotes) INDIAN ECONOMIC DEVELOPMENT - CHAPTER 2-INDIAN ECONOMY(1950-1990) MCQs 1. The general definition of the public sector includes government ownership or control rather than mere It has increased in the tertiary sector. Question 23. (d) All the above. (b) State government ministry (b) Organised sector More than half of the workers in the country are working in which of the primary sectors: Question 12. (b) Secondary sector It is called public sector. Supply and Demand. Sales tax. All the above factors are necessary for the growth of cotton. In past times most of the people were employed in the secondary sector. Hidden employment is also called disguised unemployment. Difference at any instant between the value of the controlled variable and the set point is called the__________________? Question 7. 5. 3. 16. 19. Download CBSE Class 10 Social Science Sectors of the Indian Economy MCQs in pdf, Economics chapter wise Multiple Choice Questions free, Lesson – 2Sectors of the Indian EconomyQ.1 During the period between 1973 to2003, the production has increased most in the(a) primary sector (b) secondary sector(c) tertiary sector (d) all the three sectors All the three sectors have a large number of people working in them to produce the goods and services. (c) Gross Domestic Ratio Growth of cotton plant mainly depends on natural factors such as: The sector which undertakes activities that help in the development of the primary and secondary sectors in called tertiary sector. Question 1. a. The value of final goods and services produced in secondary sector during a particular year provides the total production of the sector for that year. Answer: (a) Public sector 21. 10. (d) None of the above. (c) Mixed sector Over the thirty years between 1973 and 2003, the production in the tertiary sector has increased the most. Question 15. Required fields are marked *. (d) None of the above. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing. (b) Secondary sector (c) Temporary sector (d) All the above. ……………………… goods are used up in producing final goods and services. It is the unorganised sector. (а) Hidden employment The sum of the primary sector and secondary sector gives the Gross Domestic Product. Excise tax. The Nature of Economics. Answer: (а) Private sector Question 16. (d) None of the above. Scarcity, Governments, and Economists. (а) Gross Production Ratio 6. We provide all important questions and answers from chapter Business Economics. Chapter 08. Question 28. 28. (d) Ownership of enterprises3. The purpose of the public sector is: (c) Central government ministry MCQ Questions for Class 9 Social Science with Answers were prepared based on the latest exam pattern. (а) Primary sector 11. Answer: (c) Central government ministry In an activity like diary, we are not dependent on the biological process of the animals and availability of fodder. Railways, and Post office, are examples of: (d) Visible employment. Transport, storage, communication, banking, trade are examples of: Question 21. Answer: (d) All the above ……………………… sector also includes some essential services that may not directly help in the production of goods. Notify me of follow-up comments by email. Specific skills c. Educational skills 8. (b) Economic and political development _Hasync.push(['Histats.track_hits', '']); Ncert MCQ Questions for Class 10 exams can download MCQ on sectors of Indian Economy, for. 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