Chapter 3 Sectors Of Indian Economy IE & IFS MCQs Practice

IE&IFS Chapter 3 SECTORS OF THE INDIAN ECONOMY

Test your knowledge of Chapter 3: Sectors of the Indian Economy with this JAIIB MCQs Practice Pack, covering key topics such as:

📌 Topics Covered:

Role & importance of Primary, Secondary, Tertiary, Quaternary & Quinary Sectors
Different Revolutions in the Primary Sector
Key differences between economic sectors
GDP contribution of sectors over time
Agriculture, Industry, and Services sector trends
Employment growth in the Secondary Sector
Sunrise Sectors of the Indian Economy
Organised vs Unorganised Sectors

✅ Correct answers with explanations are provided at the end for effective revision.

Sharpen your preparation, identify weak areas, and build exam confidence with these practice questions.

Stay consistent. Stay exam-ready.

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1 / 10

1. Which economic sector is primarily concerned with the highest level of decision-making and is often considered the "brain" behind an economy's performance, including roles like senior executives and top government officials?

A. Primary Sector

B. Tertiary Sector

C. Quaternary Sector

D. Quinary Sector

2 / 10

2. An industry that is new and growing rapidly, with a high potential for future success and job creation, is commonly referred to as what?

A. A Legacy Sector

B. A Sunrise Sector

C. A Quaternary Sector

D. An Organised Sector

3 / 10

3. What is the fundamental role of the Secondary Sector in an economy?

A. To provide essential public and private services.

B. To extract and harvest raw materials directly from nature.

C. To process raw materials and manufacture finished goods.

D. To engage in research and development activities.

4 / 10

4. Which of the following is the best example of an activity within the Quaternary, or 'knowledge', sector?

A. A farmer growing wheat.

B. A factory worker assembling cars.

C. A software developer writing code for a new application.

D. A government minister setting national policy.

5 / 10

5. A key characteristic of the Organised Sector is that it is governed by various acts and regulations. Which of the following is a direct benefit for an employee in this sector?

A. Daily wages paid in cash.

B. No fixed working hours.

C. Job security and social security benefits like a provident fund.

D. The freedom to join or leave the job without notice.

6 / 10

6. Complete the following sentence: An economy is referred to as an __________ economy if at least half of its national income and livelihood is generated by agriculture and its allied activities.

A. industrial

B. agrarian

C. service

D. unorganised

7 / 10

7. Complete the following sentence: The __________ sector is characterized by unstable and irregular work, and it is not governed by the same acts and regulations that protect workers in the formal economy.

A. Quinary

B. Organised

C. Secondary

D. Unorganised

8 / 10

8. Which of the following statements about the sectors of an economy is TRUE?

The Primary sector is also known as the service sector.

B. The Tertiary sector's main function is to provide raw materials.

C. The Quaternary sector is a sub-sector of the Tertiary sector that deals with knowledge and information-based activities.

D. The Secondary sector is mainly composed of unorganised and traditional production methods.

9 / 10

9. For Question 9, use the following table to find the correct match.

Column A (Agricultural Revolution)	Column B (Related Product)
1. White Revolution	a. Oil Seeds
2. Blue Revolution	b. Milk / Dairy
3. Yellow Revolution	c. Jute
4. Golden Fibre Revolution	d. Fish / Aquaculture

Question 9: From the table above, which of the following is a correct match?

A. 1-d

B. 2-c

C. 3-a

D. 4-b

10 / 10

10. Which of the following is the most defining characteristic of the Unorganised Sector?

A. Employees receive a regular monthly salary.

B. Employment terms are not fixed, and enterprises are not registered with the government.

C. All government rules are strictly followed.

D. The employer makes a mandatory contribution to the employee's provident fund.

Your score is

The average score is 80%

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