Question 1

Which sector is also known as the agriculture and related sector?

Accepted Answer

Primary sector is known as the agriculture and related sector because it forms the base for all other products that we subsequently make through the exploitation of natural resources.

Question 2

Activities in which natural products are changed into other forms through ways of manufacturing come under which sector?

Accepted Answer

Secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity.

Question 3

Which of the following is an example of the tertiary sector?

Accepted Answer

Transport, storage, communication, banking, and trade are examples of activities that help in the development of primary and secondary sectors and come under the tertiary sector.

Question 4

The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year and is called:

Accepted Answer

The sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country.

Question 5

Who is responsible for measuring Gross Domestic Product (GDP) in India?

Accepted Answer

In India, the mammoth task of measuring GDP is undertaken by a central government ministry, which collects information with the help of government departments of all Indian states.

Economics: Sectors of the Indian Economy