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February 1, 2017

GS Test-6-Indian Economy-Services Sector in Indian Economy

Welcome to your Indian Economy Daily Test-6-Services Sector in Indian Economy

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1) Consider the following statements about Indian Economy in the lastdecade (from 2001-2011)
1.The Compounded Annual Growth rate of the Services sector was higher than the Gross Domestic Product of India.
2.During the same period, the Services sector has outgrown both the Industry and Agriculture sectors.
Which of the statements given above is/are correct?
2) Consider the following statements about Indian Economy
1.Indian Government has initiated measures like bringing acquisition of all types of ships under open general
licence.
2.Indian Government has allowed 100% FDI in the shipping and port sectors.
whichof the statements given above is/are correct?
3) Consider the following statements about The Top Five Sectors’ of the Services sector of Indian Economy
1.Finance and non-finance
2.Telecommunication
3.Computer software and hardware
4.Hospital and diagnostic centres/services
5.Construction activities
Which of the Services sector given above are included in the Top Five Services Sector’ of the Indian Economy?
4) Consider the following statements
1.In the last decade, the compounded Annual Growth Rate for the Services sector of the Indian Economy was above10%.
2.The share of Services sector in the India’s GDP is more than 60%.
Which of the statements given above is/are correct?
5) Which one of the following cities is identified as the hottest (i.e., first ranking) outsourcing destination in the world?
6) Consider the following statements
1.In Private sector banking74% . Foreign Direct Investment through automatic route in India is allowed.
2.Foreign Direct Investment is not allowed in real estate business in Indian Economy.
Which of the statements given above is/are correct?
7) Which one of the following services of the Services sector of Indian Economy attracts the highest FDI inflows in last decade (2001-2011)?
8) Which one of the following services is included in the Services sector of Indian Economy?
9) Which one of the following services of Services sector of the Indian Economy has the highest growth rate in the Eleventh Five Year Plan?
10) Consider the following statements
1.Software is one sector in which India has achieved a remarkable global brand identity.
2.The contribution of the services sector to the national economy, both in terms of value addition and employment
generation is growing over the years.
Which of the statements given above is/are correct?
11) Consider the following statements
1.74% Foreign Direct Investment in Insurance sector in Indian Economy is allowed with subject to licensing by the
Insurance Regulatory and Development through automatic route.
2.Insurance is included in the secondary sector of Indian Economy.
Which of the statements given above is/are correct?
12) Consider the following statements about an economy
1.When a country progresses further, the manufacturing sector takes a back seat and give a way to the services
sector in terms of both output and employment.
2.When a country progresses further manufacturing sector become increasingly service centric.
Which of the statements given above is/are correct?
13) Consider the following statements
1.Tourism plays an important role in the country’s foreign exchange earnings in the Indian Economy.
2.Domestic tourism plays an important role than the foreign tourism in overall tourism development in the country.
Which of the statements given above is/are correct?
14) Consider the following statements about India’s International trade
1.In the Eleventh Five Year Plan, the growth rate for the Services sector in export is more than the merchandise
export.
2.In the Eleventh Five Year Plan, the compounded annual growth rate for import of services is higher than the
imports.
Which of the statements given above is/are correct?
15) Consider the following statements about the Tele-density of India
1.Tele-density in the country is more than 60% of the total population.
2.In the rural areas, the Tele-density is even below the one-third per cent of the total population.
which of the statements given above is/are correct?
16) Which one of the following services of the Services sector in the Indian Economy contributed the highest percentage in the Gross Domestic Product at the Factor Cost in the last ten years?
17) Which one of the following countries has the highest percentage share of services sector in the country’s GDP?
18) Which one of the following sub-sector of the Services sector in India has contributed the highest percent in the annual growth rate of the GDP?
19) Consider the following sectors of the Indian Economy with respect to share of employment
1.Agriculture Sector
2.Industrial Sector
3.Services Sector Arrange these sectors from the highest to lowest in the term of share of employment and select the correct answer using the codes given below
20) Consider the following statements
1.In the last decade, India is second to China in the developing countries in the terms of Compounded Annual Growth
Rate (CAGR) in services sector.
2.In the last decade, Russia had higher Compounded Annual Growth rate (CAGR) in services sector than India.
Which of the statements given above is/are correct?
21) Consider the following statements
1.Government of India announced a five-year tax holiday under the Income Tax Act for two, three, and four star
category hotels located in all United Nations Educational, Scientific and Cultural Organisation (UNESCO) World
Heritage Sites for the hospitality sector since 2008.
2.The five-year tax holiday under the Income Tax Act for two, three, and four star category hotels located in all
United Nations Educational, Scientific and Cultural Organisation (UNESCO) World Heritage Sites did not include
the sites located in Delhi and Mumbai.
Which of the statements given above is/are correct?
22) Consider the following statements about Indian shipping industry
1.95% of the country’s trade by volume is being transported by sea.
2.China is around three times higher than India in the shipping tonnage (capacity).
which of the statements given above is/are correct?
23) Which one of the following agencies of the Indian Government launched the Grameen Bhandaran Yojana?
24) Which one of the following services of the Indian Economy has the highest percentage of share in the Services sector export?
25) Which one of the following countries has not been included in the Visa-on-Arrival scheme started along with the continuation of promotional efforts under the Incredible India Campaign by the Government of India for tourists?
26) Which one of the following countries has the highest percentage of the Services sector in the Gross Domestic Product of the country?
27) In which area is the Public sector the most dominant in Indian Economy?
28) Which one of the following sectors of the Indian Economy is prohibited from Foreign Direct Investments (FDIs)?
29) Which one of the following areas is related with the Grameen Bhandaran Yojana launched by Indian Government?
30) Which one of the following services areas is related with the launching of scheme called ‘OPEX-2012’ by the Indian Government?

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