Table of Contents
SECTORS OF INDIAN ECONOMY : ECONOMICS MCQ’s FOR MRSAFPI
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11. The Gross Domestic Product includes
A. Value of all final goods produced in a year.
B.Sum of value of all goods and services within a country produced in a year.
C.Sum of value of all final goods and services produced within a country in a year.
D.Value of all goods and service of primary and secondary sectors.
Answer: C
12. The NREGA-2005 is referred as Right To Work because
A. It tackles the problem of unemployment in rural areas.
B. It gives assured employment for rural poor people.
C. It is a boon for rural people to reduce poverty.
D. All of the above statements are correct.
Answer: B
13.Which of the following statement is incorrect about unorganised sector?
A. It is scattered and outside the control of the government.
B.There is no rules and regulations to protect the workers.
C. Jobs are low paid and irregular.
D. There is no provision of paying overtime.
Answer: A
14.In which sector activities are not guided by profit motive?
A. Organised sector
B. Public sector
C.Private sector
D. Unorganised sector
Answer: B
15.Workers in which sector do not produce goods?
A. Tertiary sector
B. Secondary sector
C. Primary sector
D. None of the above
Answer: C
16.Which of the following economic parameters is not represented by the GDP of a country?
A. Economic Growth
B. National Income
C. Per capita Income
D. Human development Index
Answer: D
17.Choose the correct meaning of organised sector:
A. It covers those enterprises where the terms of employment are regular.
B. It is outside the control of the government.
C. Jobs are not regular.
D. It provides low salaries.
Answer: A
18.Which of the following acts would not apply to a company like TISCO?
A. Minimum Wages Act
B. National Rural Employment Guarantee Act
C. Factories Act
D. Payment of Gratuity Act
Answer: B
19.Which of the following is not applicable for a worker who works in an organised sector?
A. She gets a regular salary at the end of the month.
B. She is not paid for a leave.
C. She gets medical allowance.
D. She got an appointment letter stating the terms and conditions of work when she joined this work.
Answer: B
20.Which one of the following is a feature of Public sector?
A. Ownership of assets is in the hands of private individuals of enterprises.
B. Activities are guided by the motive to earn profits.
C. The government owns most of the assets.
D. None of the above
Answer: C
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ALSO VISIT : DEVELOPMENT MCQ FOR MRSAFPI