Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Employment - Growth, Informalisation and Other Issues

Question:

Generally, we divide all economic activities into eight different industrial divisions. Which of the following is NOT such a division?

Options:

Electricity, Gas and Water Supply

Transport and Storage

Shops and establishments

Mining and Quarrying

Correct Answer:

Shops and establishments

Explanation:

The current answer is Option 3: shops and establishments

Generally, we divide all economic activities into eight different industrial divisions.They are (i) Agriculture (ii) Mining and Quarrying (iii) Manufacturing (iv) Electricity, Gas and Water Supply (v) Construction (vi) Trade (vii) Transport and Storage and (viii) Services.

For simplicity, all the working persons engaged in these divisions can be clubbed into three major sectors viz., (a) primary sector which includes (i) and (ii), (b) secondary sector which includes (iii), (iv) and (v) and (c) service sector which includes divisions (vi), (vii) and (viii).