Which of the following is a characteristic of the Indian service sector? MCQ with Answer and Explanation

Which of the following is a characteristic of the Indian service sector?
A. Largest contributor to GDP and significant employment generation in recent decades
B. Absence of IT and ITES services
C. Low contribution to GDP
D. Complete dependence on agriculture
Answer: Option A
Solution (By JKSSB Mock Tests)
The services sector is the largest contributor to India's GDP and has been a major driver of growth, particularly through IT, financial services, trade and tourism.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'National Rural Health Mission' was launched in:
A. 2010
B. 2000
C. 2005
D. 2013

Correct Answer: Option C


Explanation:
NRHM was launched in 2005.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the '15-Minute City' concept?
A. Only a high-speed transport network without local amenities
B. A purely residential suburb without services
C. A city in which all travel requires long car journeys
D. An urban planning model in which most daily needs can be met within a short walk or cycle from home

Correct Answer: Option D


Explanation:
The 15-minute city is an urban design principle that aims to ensure that residents can access work, shopping, education, healthcare and leisure within a 15-minute walk or bicycle ride from their homes.

This question belongs to: Economy GK Economy Set 1
Question #3
The term 'Quantitative Restrictions' on imports refer to:
A. Tariffs only
B. Exchange rate controls only
C. Limits on the quantity or value of goods that can be imported
D. Export subsidies

Correct Answer: Option C


Explanation:
Quantitative restrictions (QRs) are non-tariff barriers that limit the volume or value of imports, such as quotas and licensing requirements.

This question belongs to: Economy GK Economy Set 1