Economics Practice Quiz 27

Q1.Which of the following services are increasingly demanded by people as their income levels rise, according to the provided text?

A. Basic agricultural services. B. Government-provided essential services. C. Eating out, tourism, and private hospitals. D. Manufacturing and industrial production.

Q2.Over the past decade or so, what new type of services has become important and essential?

A. Traditional craft services. B. Services based on information and communication technology. C. Heavy industrial services. D. Manual labor services.

Q3.Which statement accurately describes the growth of the service sector in India?

A. The entire service sector is growing equally well across all segments. B. Only a limited number of services employing highly skilled workers are growing in importance. C. The service sector is declining due to lack of opportunities. D. Not all parts of the service sector are growing equally well, with only a part growing in importance.

Q4.Which group represents a large number of workers in the service sector who barely manage to earn a living?

A. Highly skilled and educated professionals. B. Workers in information and communication technology. C. Small shopkeepers, repair persons, and transport persons. D. Employees of large private hospitals and schools.

Q5.What 'remarkable fact' is highlighted about India regarding the share of sectors in GVA versus employment?

A. A similar shift has occurred in both GVA and employment shares. B. While GVA shares have changed, a similar shift has not taken place in employment. C. Employment shares have shifted significantly, but GVA shares remain constant. D. Both GVA and employment shares have remained unchanged over time.

Q6.As per the data presented for 2017-18, which sector continued to be the largest employer in India?

A. Secondary sector. B. Tertiary sector. C. Primary sector. D. Information and communication technology sector.

Q7.Why did a similar shift out of the primary sector not happen in terms of employment in India?

A. Due to a decline in the primary sector's productivity. B. Because not enough jobs were created in the secondary and tertiary sectors. C. Due to government policies favoring agricultural employment. D. Because of a rapid increase in demand for primary sector products.

Q8.The employment data for the three sectors, as shown in Graph 3, pertains to which two specific periods?

A. 1960-61 and 2000-01. B. 1977-78 and 2017-18. C. 1985-86 and 2010-11. D. 1990-91 and 2020-21.

Q9.During a specific period, by how much did employment in the industrial sector increase?

A. Around three times B. More than nine times C. About one-sixth D. Around five times

Q10.As per the provided text, what was the increase in industrial output or the production of goods during the mentioned period?

A. Around three times B. More than nine times C. About one-sixth D. Around five times

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Economics Practice Quiz 27