Sectors of Economy

Which of the following option is not related to the given statement?

Cultivation of cotton is a primary sector activity because

• it provides raw material to the textile industry, a secondary sector activity.

• the making of cotton is partially depended on natural factors like rain, sunshine, soil,etc

• Cotton growing falls under agriculture, that is an activity which exploits natural resources of gifts of nature.

• It is the most important sector contributing to the country's GDP

Which one is the correct option for the given statement?

Dairy is a primary sector activity and not secondary sector despite the fact that 'industry' is attached to it, because

• Dairy products are availed through biological process of the animals

• Availability of animal feed and fodder

• the main product milk is a natural product

• all of the above.

Which options are not the correct ones for the given statement?

Industrial or the manufacturing sector is the secondary sector activity as

• It converts the raw material from the primary sector to products consumable by humans

• It goes through various stages of transformation in factories, mills or in workshop

• It significantly contributes to the GDP

• It absorbs part of the workforce into its fold from the primary and other sectors.

Tertiary sector is called the service sector as

• it does not produce goods but provide services to all the sectors

• it provides the interlink or inter connectivity between all the sectors

• it provides the support that is needed by both secondary and primary sector to contribute to the GDP

• All the above options are true to the given statement.

Pick the incorrect option:

GDP is defined as Gross Domestic Product of a country when we take into account the

• value of final goods and services produced in each sector during a particular year, providing the total production of the sector for that year.

• The sum of production in the three sectors gives us the GDP.

• The value of intermediate goods that are used in making the final goods.

• None of the above is incorrect

In the last 100 years there is a shift in the developed economies and societies towards the

• Primary sector due to advanced agricultural techniques and greater demand due to population increase

• Secondary sector as new methods of manufacturing were introduced and factories were employing huge work force to produce goods at cheaper rates.

• Tertiary Sector as most of the working people are using their time and energy to establish connectivity between Primary and Secondary sectors for smoother run of the economies.

In India in 1973-74, the two sectors that significantly grew together were

• Primary and secondary

• Primary and Tertiary

• Secondary and Tertiary

In 2013-14, the sector that contributed highest to the GDP was

• Primary

• secondary

• tertiary

Percentage share in employment among the three sectors show that in 2011-12

• primary sector had the highest (49%) share though there's a fall from what it was in 1973-74 (74%)

• Tertiary sector employed the most (27 %) as against 15% in 1973-74

• Secondary sector had the highest employment of 42% as against 72% in 1973-74

The sector of the economy that has become the least contributor to GDP in recent years is

• Primary sector

• Secondary sector

• Tertiary sector