3. Production and Employment
*Choose the correct answer:
*The value of final goods is only taken to estimate Gross Domestic Product, because (TS March 2024) ( )
(A) To avoid Double counting
(B) To avoid Inflation
(C) To avoid Taxes
(D) To avoid Economic Depression
*Find out the odd one regarding services. (TS April 2023) ( )
A) Brokers
B) Saving accounts
C) Banks
D) Handicrafts
*Forestry and mining come under this sector (TS Aug 2022) ( )
A) Agriculture sector
B) Service sector
C) Industrial sector
D) Organised sector
*Disguised unemployment is most commonly seen in : (TS May 2022) ( )
A) Industry
B) Agriculture
C) Transportation
D) Service sector
*Which of the following it does not belong to unorganised sector? (TS May 2022) ( )
A) Agriculture labourers
B) Government sector
C) Small scale industries
D) Construction sector
*People working more than required in agriculture sector is called.(TS June 2019) ( )
A) Under employment
B) Disguised unemployment
C) Unemployment
D) Marginal income
*The contribution of this is sector to GDP has reduced gradually since 1972. (TS March 2019) ( )
A) Tertiary
B) Industries
C) Agriculture
D) Service
*This is not a feature of organised sector. (TS June 2018) ( )
A) Working hours are fixed
B) Exploit labour
C) Salaries are fixed
D) Paid leave allowed
*The value of all final goods and services produced within a countries during a particular year is called.. (TS June 2017) ( )
A) Gross National Product
B) Net National Product
C) Per Capita Income
D) Gross Domestic Product
*Which of the following is NOT an intermediate good? (TS June 2016) ( )
A) Idli
B) Paddy
C) Husk
D) Rice
*What is Financial Year? (TS June 2016) ( )
A) June 12th to April 23
B) January 1st to December 31st
C) July 1st to June 30th
D) April 1st to March 31st
*Which of the following does not belong to unorganised sector (TS June 2015) ( )
A) Building construction
B) Small scale industry
C) Agricultural labourers
D) Public sector
*Which of the following aspects are not covered in GDP estimation ( )
a. Human development,
b. Environment,
c. Agriculture,
d. Per Capita Income
A) c, d
B) a, b
C) a, d
D) b, c
* Identify the false statement ( )
Statement 1: Service activities don’t directly produce a good.
Statement 2: Services are required in production and other services for people.
A) Both the statements are correct
B) Both the statements are wrong
C) Statement are correct and statement 2 is the correct explanation
D) Statement 1 is correct and statement 2 is wrong.
*The reason for not getting employment in the organised sector for all the
people is ( )
A) Intensive completion
B) Wages are higher
C) More opportunities available in the unorganised sector
D) None of the above
*Which of the following is not a intermediate good ( )
A) Dosa
B) Paddy
C) Husk
D) Rice
*Which of the following belongs to unorganised sector ( )
A) Banks
B) Govt. schools
C) Small farmers agriculture
D) Railways
*Job security and regular salaries are the characteristics of .... sector ( )
A) Unorganised sector
B) Organised sector
C) Primary sector
D) None
*Farming and fishing are included in ....... sector ( )
A) Primary
B) Secondary
C) Tertiary
D) None of the above
*This sector does not produce goods directly ( )
A) Industry
B) Agriculture
C) Service
D) None
*Period of a financial year is from ........ ( )
A) March - April
B) April - March
C) February - March
D) March - February
*Disguised unemployment is generally seen in ( )
A) Agriculture
B) Industries
C) Railways
D) None of the above
*How much percentage of working population are in unorganised sector in our country ( )
A) 8%
B) 80%
C) 92%
D) 96%
*The predominant activity in primary sector ...... ( )
A) Roads B) Factories
C) Agriculture
D) Transportation
*Gardener comes under this sector ( )
A) Primary Sector
B) Secondary Sector
C) Service (Tertiary) Sector
D) Industrial Sector
*The value of final goods is only are taken to estimate GDP, because ( )
A) To avoid double counting
B) To know Inflation
C) To avoid taxes
D) Number of goods are more
*This is not service activity ( )
A) Banking
B) Communication
C) Harvesting
D) Transportation
*This is an example for Intermediate good ( )
A) Car
B) Flour
C) Television
D) Book
*More than 90% of urban labourers are engaged in this sector ( )
A) Agriculture
B) Industries
C) Agriculture and Services
D) Industries and Services
*Under employment means ( )
A) More number of people working in agricultural sector than required
B) Less number of people working in agricultural sector than required
C) All people getting employment as per their capability
D) All people are working but not according to their capability
*The division of Organised and Unorganised sectors is done on the basis of ( )
A) Employment conditions
B) Ownership of Enterprise
C) Nature of workers
D) Nature of economic activities
*Unorganised sector includes ( )
A) Govt. Employees
B) Bank Employees
C) Self Employed
D) Railway Employees
*This is not related to organised sector ( )
A) Job security
B) Fixed working hours
C) Paid Leave
D) Exploitation of Labour
*The following is not related to organized sector laws ( )
A) Factories Act
B) Minimum Wages Act
C) Right to Education Act
D) Shops and Establishments Act
*This is not related to Organized sector ( )
A) It has some formal processes and procedures.
B) Workers in this sector enjoy security of employment.
C) No payment during holidays.
D) They get medical benefits.
*The sector that continues to be give more employment even now is ( )
A) Agriculture
B) Industrial
C) Service
D) None
*Who forms the rules and regulations to the units in the unorganised sector?( )
A) The government
B) The public
C) The owners
D) Employee
* Which is not the characteristic of the unorganised sector? ( )
A) It has small and scattered units.
B) It remains largely outside the control of government
C) Mostly under-employment is seen in this sector
D) Employee cannot be forced to leave the job without reason
*Disguised unemployment is ( )
A) Work less than their potential
B) under employment
C) Doesn’t affect the production
D) All the above
*Who forms the rules and regulations to the units in the unorganised sector?( )
A) The government
B) The public
C) The owners
D) Employee
*Which is not the characteristic of the unorganised sector? ( )
A) It has small and scattered units.
B) It remains largely outside the control of government
C) Mostly under-employment is seen in this sector
D) Employee cannot be forced to leave the job without reason
*It is the example for Primary sector? ( )
A) Farming
B) Transport
C) Banking
D) Police
*Match the following
I. Organised sector ( ) A. Local banks
II.Unorganised sector( ) B. assured work
III.Credit facilities ( ) C.Strengthen rural areas
IV.Employment opportunities ( ) D.Small Units
