Economics (Part – IX)

Total Questions: 50

41. 'Green Banking' means: [S.S.C. Online C.G.L.(T-I) 6.09.2016 (Shift-II)]

Correct Answer: (d) Banks financing pro-environmental projects
Solution:Green banking is a category of banking practices considering all the social and ecological factors with an aim to defend the environment and preserve natural resources. It is also called ethical banking or sustainable banking.

42. The sum of production in the primary, secondary and tertiary sectors of the Indian Economy gives the value of: [S.S.C. JE Mechanical Exams 27.10.2020 (Shift-I)]

Correct Answer: (a) Gross Domestic Product
Solution:A very large number of goods and services are produced by the various production activities in the primary, secondary and tertiary sectors. The sum of production in the three sectors gives the Gross Domestic Product (GDP) of a country.

43. Economic Activities have been majorly divided into how many sectors? [S.S.C. Online MTS (T-I) 20.09.2017(Shift-III)]

Correct Answer: (c) three
Solution:The sectors of economic activities are mainly divided into three parts, these are primary, secondary and tertiary sectors. India currently has the highest share of the tertiary sector in the economy, which has grown steadily since independence,

44. The economic activities are divided into three sectors primary, secondary, and tertiary on the basis of________. [S.S.C. Online MTS (T-I) 13.10.2017 (Shift-II)]

Correct Answer: (b) The nature of the economic activity
Solution:The economic activities are divided into three sectors primary, secondary, and tertiary on the basis of the nature of the economic activity.

45. Based on economic activities, how many sectors are there in Indian economy? [S.S.C. Online MTS (T-I) 8.08.2019 (Shift-I)]

Correct Answer: (c) 3
Solution:The economic activities are divided into three sectors primary, secondary, and tertiary on the basis of the nature of the economic activity.

46. Which of the following is a tertiary activity? [S.S.C. Online C.G.L. (T-I) 6.09.2016 (Shift-II)]

Correct Answer: (d) Trading
Solution:Trade is an example of tertiary activity. Tertiary activity consists of all occupations of service. Significant examples of tertiary activities include transport, networking, commerce, health, education and administration. The growth of primary and secondary sectors is assisted by these tertiary activities.

47. Fishing comes under which among the following sectors of the economy? [S.S.C. Online MTS (T-I) 21.09.2017 (Shift-II)]

Correct Answer: (d) Primary Sector
Solution:Fishing comes under the Primary Sector of the economy as the primary sector deals with the natural resources.

48. Agriculture comes under which sector of economic activity? [S.S.C. Online MTS (T-I) 20.09.2017 (Shift-I)]

Correct Answer: (b) Primary Sector
Solution:

Agriculture comes under the primary sector of economic activity. The primary sector includes the production and extraction of raw materials. The other activities which are related to this sector are mining. forestry, grazing, farming, hunting, fishing, quarrying, and gathering.

49. Process making of bricks by using soil comes under which sector of economic activity? [S.S.C. Online MTS (T-I) 3.10.2017 (Shift-II)]

Correct Answer: (a) Secondary sector
Solution:The process of making bricks by using soil comes under the secondary sector of economic activity.

50. Bank services come under which sector of economic activity? [S.S.C. Online MTS (T-I) 19.09.2017 (Shift-I)]

Correct Answer: (c) Tertiary sector
Solution:Bank services come under the tertiary economic sector. This area is also called a service area. As the economy picks up, the share of the tertiary sector in the economy increases.