Economics Practice Quiz 21

Q1.Why is the latest GVA data not used in Chapter 2, according to the 'Sources for Information' section?

A. Lack of availability B. Data confidentiality issues C. Change in methodology D. Focus on historical trends

Q2.The employment figures in Chapter 2 are primarily based on data taken from the five-yearly surveys on employment and unemployment conducted by which organization?

A. Central Statistical Office (CSO) B. National Sample Survey Organisation (NSSO) C. Labour Bureau D. Ministry of Finance

Q3.The National Sample Survey Organisation (NSSO) is now known as which of the following, as per the provided text?

A. National Statistical Office (NSO) B. National Survey Office (NSO) C. National Social Survey Organisation (NSSO) D. National System Survey Office (NSSO)

Q4.Besides the surveys conducted by NSSO/NSO, which other source is mentioned for employment data in the chapter?

A. World Bank Reports B. Reserve Bank of India Bulletins C. Census of India D. Economic Survey

Q5.As per the provided text, economic activities are primarily categorized into which two types?

A. Activities producing raw materials and finished products B. Activities producing goods and activities producing services C. Activities for domestic consumption and activities for export D. Activities generating profit and activities generating loss

Q6.What term is used in the given text to refer to groups or classifications of economic activities based on an important criterion?

A. Industries B. Markets C. Sectors D. Enterprises

Q7.Which of the following activities is characterized by producing a good directly by exploiting natural resources?

A. Manufacturing sector activity B. Service sector activity C. Primary sector activity D. Tertiary sector activity

Q8.Which of the following is NOT an example of an activity belonging to the primary sector?

A. Cultivation of cotton B. Dairy farming C. Fishing D. Weaving cloth from cotton fibre

Q9.The primary sector is also known by which of the following names?

A. Industrial sector B. Service sector C. Manufacturing sector D. Agriculture and related sector

Q10.Activities that involve changing natural products into other forms through manufacturing processes are categorized under which economic sector?

A. Primary sector B. Tertiary sector C. Service sector D. Secondary sector

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Economics Practice Quiz 21