Economics (Part – X) - Mock Test 365

11. Courier service comes under which field? [S.S.C. Online C.G.L. (T-I) 11.08.2017 (Shift-III)]

(a) primary
(b) secondary
(c) Tertiary
(d) both secondary and tertiary

Correct Answer: (c) Tertiary

Solution:Courier service comes under the tertiary sector.

12. Weaving of clothes by using cotton fiber comes under which sector of Economic activity? [S.S.C. Online MTS (T-I) 18.09.2017 (Shift-III)]

(a) Secondary Sector
(b) Primary Sector
(c) Tertiary sector
(d) Quaternary sector

Correct Answer: (a) Secondary Sector

Solution:The Weaving of clothes with cotton fiber comes under secondary activity. The sector involves the production of finished goods.

13. Which of the following sectors is also known as the service sector? [S.S.C. Online MTS (T-I) 18.09.2017 (Shift-I)]

(a) Primary Sector
(b) Secondary Sector
(c) Tertiary sector
(d) Quaternary sector

Correct Answer: (c) Tertiary sector

Solution:The tertiary sector is also called the 'service sector'.

14. Which of the following is a tertiary economic activity? [S.S.C. Online CHSL (T-I) 14.10.2020 (Shift-II)]

(a) Hunting
(b) Weaving
(c) Trading
(d) Farming

Correct Answer: (c) 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.

15. Which of the following statements is NOT correct in the context of the rising importance of the tertiary sector in India? [S.S.C. Online Constable GD 19.02.2019 (Shift-I)]

(a) Growth of service providing industries
(b) Growth of information and technology
(c) Growth in per capita income
(d) Growth of political awareness in rural areas

Correct Answer: (d) Growth of political awareness in rural areas

Solution:Growth of political awareness in rural areas is NOT correct in the context of the rising importance of the tertiary sector in India. The tertiary sector's activities help in the development of the primary and secondary sectors. By itself, economic activities in the tertiary sector do not produce goods but are an aid or support for production.

16. Dairy comes under the sector of which economic activity? [SS.C. Online MTS (T-I)16.09.2017 (Shift-III)]

(a) Tertiary sector
(b) Primary Sector
(c) Secondary sector
(d) Quaternary sector

Correct Answer: (b) Primary Sector

Solution:Dairy comes under the primary sector. Apart from this, agriculture, quarrying and fisheries also come in the primary sector. As the economy grows, the share of the primary sector decreases and the share of the service sector increases.

17. Which of the following economic activities come under the primary sector? [S.S.C. Online MTS (T-I) 18.09.2017 (Shift-I)]

I. Bank Services

II. dairy

III. transportation

(a) I only
(b) II only
(c) III only
(d) Both I and II

Correct Answer: (b) II only

Solution:In the given options, only the dairy industry comes under the primary sector, while banking services and transport come under the tertiary sector.

18. The aggregate value of goods and services pro-duced in an economy can be calculated by three methods: income method, expenditure method and_______ method. [S.S.C. Online C.G.L. (T-I) 5.03.2020 (Shift-II)]

(a) spending
(b) deposit
(c) lending
(d) product/value added

Correct Answer: (d) product/value added

Solution:The aggregate value of goods and services produced in an economy can be calculated by three methods: income method, expenditure method and product/value added method.

19. An industrial economy is best defined as an economy whose 50% or more produce value comes from the_______ sector. [S.S.C. Online CHSL (T-I) 14.10.2020 (Shift-III)]

(a) Secondary
(b) Tertiary
(c) Primary
(d) Banking

Correct Answer: (a) Secondary

Solution:

An industrial economy is best defined as an economy whose 50% or more produce value comes from the secondary sector.

20. The production of a commodity through natural processes is an activity associated to which sector of the Indian Economy? [S.S.C. Online Constable GD 1.03.2019 (Shift-I)]

(a) Primary
(b) Quaternary
(c) Tertiary
(d) Secondary

Correct Answer: (a) Primary

Solution:The production of a commodity through a natural process is an activity related to the primary sector of the Indian economy. This includes agriculture, forestry, fishing, etc.

Economics (Part – X)