Economics Assignment

Sectors of Indian economy

In the given questions, choose the correct options from the following:

a. A is correct but R is wrong

b. A is wrong but R is correct

c. Both A and R are correct and R is the correct explanation of A.

d. Both A and R are correct and R is not the correct explanation of A.

1. Assertion: Intermediate goods are used up in the production of final goods and services.
Reason: The value of final goods already includes the value of all the intermediate
goods.
2. Assertion: Workers in the agricultural sector are unemployed.
Reason: There are more people in agriculture than is necessary.
3. Assertion: There are several things needed by the society as a whole which the private
sector easily provides at a reasonable cost.
Reason: Activities in the private sector are guided by the motives to earn profits.

Fill in the blanks:

4. A housewife looking after the household is an example of _________- activities.

5. Through which act is the Right to Work implemented?
6. Name two vulnerable groups in urban areas.

Short Answer Type:

7. Distinguish between primary, secondary and tertiary activities with examples.

8. “Tertiary sector activities help in the development of the primary and secondary sectors”
Evaluate the statement.
9. Explain the interdependence of the three sectors using the transportation sector as an
example.
10. Why does the primary sector in India continue to be the largest employer in 1972-73 as
well as in 2011-12?
11. Why has the entire tertiary sector not grown in importance? Explain.
12. How far would it be correct to say that several services that cannot be provided by
private sectors can be provided by the public sector? Explain.
13. How would a farmer increase his income and employment if he is provided with loan,
irrigation facilities and means of transportation?

Long answer type:

14. What does the history of developed countries indicate about the shifts that have taken
place between the sectors?
15. What is Planning Commission (NITI Aayog)? What have been its findings?
16. How can more employment opportunities be created in the rural areas?
17. What are the steps involved in the estimation of GDP? Who conducts this process?
18.