Sectors of Indian Economy

The motive of Private sector enterprises is:

• Profit making

• Entertainment

• Social welfare and security

• None of these

Which of the following is also known as disguised employment?

• Over employment

• Factory employment

• Under employment

• Unemployment

Railway is an example of :

• Private Sector

• Public Sector

• Secondary Sector

• None of these

GDP is the sum total of the value of ________ goods produced during a particular year.

• all goods and services

• all final goods and services

• all intermediate goods and services

• all intermediate and final goods and services

Which of the following Acts would not apply to a company like TISCO?

• Minimum Wages Act

• National Rural Employment Guarantee Act

• Factories Act

• Payment of Gratuity Act

The value of all goods and services produced within a country in a certain year is called its:

• National Product

• Net Domestic Product

• Gross Domestic Product

• None of these

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

• Employment conditions

• The nature of the economic activity

• Ownership of enterprises

• Number of workers employed in the enterprise

Production of a commodity, mostly through the natural process, is an activity in the ___________ sector.

• Primary

• Secondary

• Tertiary

• Information Technology

What will happen if the government fails to provide 100 days employment under NREGA?

• No extra benefit will be given

• The officer-in-charge will be punished

• Unemployment allowance will be given

• Food grains will be provided

Underemployment is a situation where people:

• do not want to work

• are not paid of their work

• are working in a lazy manner

• are working less than what they are capable of doing