37. Greater the development of the primary and secondary sectors, ________would be the demand for such services?
(a) equal
(b) more
(c) less
(d) uneven
38. When income levels rise, certain sections of people start demanding many more services like________ .
(a) more food
(b) hospitals
(c) defense
(d) tourism
39. Over the past decade or so, certain new services such as ________ have become important and essential?
(a) private hospitals
(b) professional training
(c) information and communication technology
(d) insurance
40. Underemployment is hidden in contrast to someone who does not have a job and is clearly visible as unemployed. It is also called ________ .
(a) hidden employment
(b) disguised unemployment
(c) unstable employment
(d) less employment
41. The task of measuring GDP is undertaken by the
(a) central government
(b) state government
(c) provincial government
(d) all of the above
42. The motive of the public sector enterprises is
(a) profit making
(b) entertainment
(c) social welfare and security
(d) none of the above
43. How do big private companies contribute in the development of a nation?
(a) By increasing the demands for their products through advertisements.
(b) By increasing their profits.
(c) By increasing productivity of the country in the manufacturing of industrial goods.
(d) By providing private hospital facilities for the rich.
44. Employment figures of a country are based on data collected from a 5-yearly survey on employment and unemployment. Which organization conducts this survey?
(a) NSSO – National Sample Survey Organisation
(b) NREGA 2005 – National Rural Employment Guarantee Act, 2005
(c) ILO – International Labour Organisation
(d) Census of India
45. Protection and support to the unorganized sector workers are necessary for both:
(a) rural and urban areas
(b) economic and political development
(c) social and political development
(d) economic and social development
46. The sector in which the government owns most of the assets and provides all the services is called:
(a) Public sector
(b) Private sector
(c) Mixed sector
(d) None of the above
47. Railways and Post offices, are examples of:
(a) Public sector
(b) Private sector
(c) Mixed sector
(d) All the above
48. Tata Iron and Steel Company Limited, Reliance Industries Limited are examples of:
(a) Public sector
(b) Private sector
(c) Mixed sector
(d) none of the above
49. Production in the period 1973-2003 has increased the most in:
(a) Primary sector
(b) Secondary sector
(c) Tertiary sector
(d) all the above
50. The economy is classified into public and private sectors on the basis of :
(a) employment conditions
(b) the nature of the economic activity
(c) ownership of enterprises
(d) number of workers employed in the enterprise
51. Percentage share of employment is highest in
(a) primary sector
(b) secondary sector
(c) tertiary sector
(d) public sector
52. Who carries out economic activities?
(a) individuals
(b) firms
(c) government
(d) All of the above
53. In which sector activities are not guided by the profit motive?
(a) organized sector
(b) public sector
(c) private sector
(d) unorganized sector
54. In which type of unemployment more people are employed than required?
(a) seasonal unemployment
(b) disguised unemployment
(c) educated unemployment
(d) All of the above
Answers:-
37. (b)
38. (d)
39. (c)
40. (b)
41. (a)
42. (c)
43. (c)
44. (b)
45. (d)
46. (a)
47. (a)
48. (b)
49. (c)
50. (c)
51. (a)
52. (d)
53. (b)
54. (b)