Question

Choose the most appropriate answer. (a) The sectors are classified into public and private sector on the basis of (i) employment conditions (ii) the nature of economic activity (iii) ownership of enterprises (iv) number of workers employed in the enterprise (b) Production of a commodity, mostly through the natural process, is an activity in ______________ sector. (i) primary (ii) secondary (iii) tertiary (iv) information technology (c) GDP is the total value of _____________ produced during a particular year. (i) all goods and services (ii) all final goods and services (iii) all intermediate goods and services (iv) all intermediate and final goods and services (d) In terms of GDP the share of tertiary sector in 2003 is _________ (i) between 20 per cent to 30 per cent (ii) between 30 per cent to 40 per cent (iii) between 50 per cent to 60 per cent (iv) 70 per cent

Answer 1

Answer:

a. Secondary sector ........

Answer 2

Answer:

ownership of enterprises

primary

all Final goods and services

between 50 per cent to 60 per cent

Explanation:

(a) The sectors are classified into public and private sector on the basis of

(iii) ownership of enterprises

(b) Production of a commodity, mostly through the natural process, is an activity in ______________ sector.

(i) primary

Primary sector of the economy is the sector that produces products through a natural process

(c) GDP is the total value of _____________ produced during a particular year

(i) all Final goods and services

(d) In terms of GDP the share of tertiary sector in 2003 is

(iii) between 50 per cent to 60 per cent