Sectors of Indian Economy

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Sectors of Indian Economy: Overview

This topic covers concepts such as Foreign Trade, Sectors of Indian Economy, Agriculture and Allied Sector in India, Industrial Sector in India, Service Sector in India, and Underemployment in India.

Important Questions on Sectors of Indian Economy

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Mixed economy means an economy where there is _____.

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People are most likely to start a business in the following country:

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If market supply at any price is greater than the market demand, it is said that there is _____ condition in the market at that price.

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Arrange in the right order the contribution of sectors to the GDP from highest to lowest.

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The amount of depreciation charged under Annuity method ______.

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Which is the largest cotton growing State in India?

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Consider the following statements and consider the right ones.
i. In India, structure of economy and occupational structure are very similar.
ii. Today, Tertiary sector contributes the highest to the GDP.

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Consider the following statements and identify the right ones.
i. NDC comprises PM, all union cabinet members, all CMs, reps from UTs and members of the commissions.
ii. On some occasions, RBI governor can address the meetings.

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The tax on net income of companies is

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The variety of coffee largely grown in India is -

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Dual economy refers to existence of_____.

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Consider the following statements and identify the right ones.
i. There are 676 items divided into 3 parts in the WPI
ii. All the 3 parts are given equal weightage

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Indian economy today is a
i. Developing economy
ii. Emerging economy
iii. Dual economy
iv. Non-agricultural economy

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In case of appointment of Directors form ______is to be filed

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Under the Foreign Trade Policy 2015-20, which of the following scheme(s) was/were implemented?

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The Ministry of _____ is in charge of foreign trade in India at the national level.

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_____ is a form of foreign trade in which a country exports goods which it previously imported without altering them.

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Which of the following statement(s) regarding the advantages of the export trade in India is/are correct?

A. Exporting avoids the cost of establishing manufacturing operations in the target country.

B.  Export's lower risk typically reduces the rate of return on sales versus other modes.

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Which of the following statements on the disparities between foreign and domestic trade in India is/are true?

A. The foreign trade is typically more costly than domestic trade.

B. The foreign trade is mostly restricted to trade in goods and services, and only to a lesser extent to trade in capital, labour, or other factors of production.

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Which of the following statement(s) regarding the objectives of the import trade in India is/are correct?

A. To speed up industrialisation.

B. To meet domestic demand.

C. To improve standard of living.