Answer: Explanation: Primary sector has contributed the most to the employment.
Which sector is considered as the work force of Indian economy?
While most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP.
Which sector contributes the most to India’s economy Mcq?
Explanation: The tertiary sector contributes the most to India’s economy.
Which sector is also called the service sector Mcq?
Tertiary sector is also known as service sector because tertiary sector provides various service to primary and secondary sectors and the people.
What is the Indian economy Mcq?
The Indian economy that was known as an underdeveloped economy has now become a developing economy. However, it is described as a mixed economy.
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What are Indian economic sectors?
They are three sectors in the Indian economy, they are; primary economy, secondary economy, and tertiary economy.
Which is the primary sector of Indian economy?
Agriculture, Mining, Fishing, Forestry, Dairy etc. are some examples of this sector. It is called so because it forms the base for all other products. Since most of the natural products we get are from agriculture, dairy, forestry, fishing, it is also called Agriculture and allied sector.
Which sector is the backbone of Indian economy?
The secondary sector is the backbone of the Indian economy.
Which sector is called as service sector?
The service sector, also known as the tertiary sector, is the third tier in the three sector economy. Instead of the product production, this sector produces services maintenance and repairs, training, or consulting.
What is tertiary sector also known as?
The tertiary industry sector makes up the vast majority of employment opportunities and is solely focused on providing services, not goods, to consumers and other organizations. For this reason, it is also known as the service sector.
Which sector is included in an economy?
The main sectors of the economy are: Primary sector – extraction of raw materials – mining, fishing and agriculture. Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.
What is Indian service sector?
India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.
primary sector is also called agriculture sector because the main activity of these sector is agriculture.
What is economics Mcq?
Economics is a study of the usage of resources and how we can make those resources valuable under distinct captivity. It involves an intense study of production, distribution, and consumption of goods and services. … Some important MCQs on economics are given to analyse your understanding of the topic.
Is backbone of Indian economy Mcq?
1. Which sector is the backbone of Indian economy? Agriculture is the pillar of the Indian economy because of its high share in employment and livelihood creation.
Who is the father of economics?
Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics. Smith is most famous for his 1776 book, “The Wealth of Nations.”