Which sector has emerged as the largest

producing sector in India:

(a) Secondary sector

(b) Tertiary sector
(c) Primary sector
(d) Science and Technology sector
Which sector has emerged as the largest
producing sector in India:

(a) Secondary sector

(b) Tertiary sector
(c) Primary sector
(d) Science and Technology sector
The sum of production in the three sectors
gives what is called the …………. of a
country?

A. Gross income
B. Gross Domestic Product
C. Net Domestic Product
D. Net income
Give an example of an intermediate good?

A. Woven basket
B. Chair production from wood
C. Wheat flour
D. Biscuits
Give an example of an intermediate good?

A. Woven basket
B. Chair production from wood
C. Wheat flour
D. Biscuits
Underemployment occurs when people:

(a) do not want to work

(b) are working in a lazy manner

(c) are working less than what they are capable of doing

(d) are not paid for their work

Proportion of literate population in the 7 years and
above age group is termed as:

(a) Education index

(b) Mortality ratio

(c) Literacy rate

(d) Gross enrolment ratio

On which of the following basis, the sectors are
classified into public and private sector?

(a) Employment conditions

(b) The nature of economic activity

(c) Ownership of enterprises

(d) Number of workers employed in an enterprise

Manufacturing units in unorganised sector are :

(a) not subject to government regulations

(b) subject to government regulations

(c) subject to central bank’s regulations

(d) none of the above

Which one of the following is a major reason that
prevents the poor from getting loans from the
banks?

(a) Lack of capital

(b) Not affordable due to high rate of interest

(c) Absence of collateral security

(d) Absence of mediators

Banks use the major portion of the deposit to:

(a) Keep reserve so that people may withdraw

(b) Meet their routine expenses

(c) Extend loans

(d) Meet renovation of the bank

The most common route for MNC investments is to buy up :

A. Local resources

B. Local technology

C. Excess land for factories

D. Local companies
Removing barriers or restrictions set by the
government is what is known as?

A. Globalization

B. Liberalisation

C. Regeneration

D. Expansion
Money-lenders usually demand a ‘security’ from the
borrower. What is the formal word used for the
‘security’, such as land, vehicle, livestock, building, etc.?

(a) Deposit

(b) Collateral

(c) Credit

(d) Guarantee
Why is currency accepted as a medium of exchange?

(a) Because the currency is authorised by the government

of the country.

(b) Because it is liked by the people who use it.

(c) Because the use of currency has its origin in ancient

times.

(d) Because the currency is authorised by the World Bank.

Which of the following is not an informal source of credit?

(a) Money-lender

(b) Relatives and Friends

(c) Commercial Banks

(d) Traders
Cargill Foods, a very large ________ MNC, is the
largest producer of edible oil in India, with a
capacity to make 5 million pouches daily.

a) Dutch

b) French

c) British

d) American
Workers in ______________ sector are under-employed.

a) IT

b) agricultural

c) manufacturing

d) none of the above

Under NREGA 2005, all those who are able to
and are in need of work are guaranteed _______
of employment in a year by the government.

a) 180 days

b) 50 days

c) 200 days

d) 100 days
The unorganised sector is characterised by small
and scattered units which are largely outside the
control of the _______.

a) employers

b) private individuals

c) government

d) employees