ECONOMY MCQS SET 119

ECONOMY MCQS SET 119

1181) Consider the following statements about The 'Top Five Sectors' of the Services sector of Indian economy
1. Finance and non finance
2. Telecommunication
3. Computer software and hardware
4. Hospital and diagnostic centres/services
5. Construction activities
Which of the Services sector given above are included in the 'Top Five Services Sector' of the Indian economy?
A) 1, 2, 3 and 5
B) 1, 3, 4 and 5
C) 1, 2, 3 and 4
D) All of the above
Correct Answer: 1, 2, 3 and 4
   
1182) Consider the following sectors of the Indian economy with respect to share of employment
1. Agricultural Sector
2. Industrial Sector
3. Services Sector
Arrange these sectors from the highest to lowest in the term of share of employment and select the correct answer using the codes given below
A) 1, 2, 3
B) 1, 3, 2
C) 3, 1, 2
D) 3, 2, 1
Correct Answer: 1, 3, 2
   
1183) Which one of the following services of Services sector of the Indian economy has the highest growth rate in the Eleventh Five Year Plan?
A) Banking and Insurance
B) Public Administration and Defence
C) Hotels and Restaurants
D) Communication
Correct Answer: Communication
   
1184) Which one of the following ranges is the percentage of the services sector's contribution to the GDP at the factor cost excluding the construction activities of the Indian economy?
A) 40 to 45
B) 45 to 50
C) 50 to 55
D) 55 to 60
Correct Answer: 50 to 55
   
1185) What is the contribution of Services sector to employment generation in India?
A) 0.4
B) 0.56
C) 0.15
D) 0.23
Correct Answer: 0.23

1186) Consider the following statements
1. In Private sector banking 100% Foreign Direct Investment through automatic route in India is allowed.
2. Foreign Direct Investment is not allowed in real estate business in Indian economy.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Neither 1 nor 2
   
1187) Consider the following statements
1. 74% Foreign Direct Investment in Insurance sector in Indian economy is allowed with subject to licensing by the Insurance Regulatory and Development through automatic route.
2. Insurance is included in the secondary sector of Indian economy.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Neither 1 nor 2
   
1188) Consider the following statements
1. Software is one sector in which India has achieved a remarkable global brand identity.
2. The contribution of the services sector to the national economy, both in terms of value addition and employment generation is growing over the years.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
1189) Consider the following statements about Indian shipping industry
1. 95% of the country's trade by volume is being transported by sea.
2. China is around three times higher than India in the shipping tonnage (capacity)
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
1190) Consider the following statements about Indian economy
1. Indian Government has initiated measures like bringing acquisition of all types of ships under open general licence.
2. Indian Government has allowed 100% FDI In the shipping and port sectors.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2