Learn from Competency Focused Questions in the chapter “Sectors of Indian Economy CFQs – Assertion Reason-Based Questions” for Class 10 Economics. Click to see more study resources for Class 10 Economics.
Assertion & Reason Questions (Sectors of Indian Economy)
Previous Years’ Exams & SQP Questions
Directions:
For the following questions, choose the correct option:
- (A) Both A and R are true, and R is the correct explanation of A.
- (B) Both A and R are true, but R is NOT the correct explanation of A.
- (C) A is true, but R is false.
- (D) A is false, and R is true.
Questions:
[SQP, 2020-21]
Assertion (A): Not every good or service that is produced and sold needs to be counted to know the total production in each sector.
Reason (R): The value of final goods already includes the value of all the intermediate goods.
Ans: Option (A) is correct.
[OD Set–I, 2020]
Assertion (A): The Government of India buys wheat and rice from farmers at a fair price.
Reason (R): Public sector contributes to the economic development.
Ans: Option (B) is correct.
Practice Questions – STQ (Srji Tutorial Questions)
Assertion (A): Since the 1890s, it is common to see a large number of workers losing their jobs in the organised sector.
Reason (R): The service sector also includes some essential services that may not directly help in the production of goods.
Ans: Option (C) is correct.
Explanation: A is true because of job losses due to automation and industrial changes, but R is unrelated to A.
Assertion (A): The development of agriculture and industry leads to the development of the service sector.
Reason (R): As the primary and secondary sectors develop, the demand for transport, storage structures, banks, insurance, etc., increases.
Ans: Option (A) is correct.
Assertion (A): Indian government has launched many schemes to generate more employment opportunities.
Reason (R): The target to achieve 100% employment in India is still far ahead.
Ans: Option (B) is correct.
Assertion (A): The unorganised sector offers jobs that are the most sought-after.
Reason (R): But the employment opportunities in the organised sector have been expanding very slowly.
Ans: Option (D) is correct.
Explanation: A is false because the unorganised sector is associated with low wages and poor conditions. However, R is true as organised sector growth is slow.
Assertion (A): Reliance Industries is a privately-owned firm.
Reason (R): Government is a major stakeholder in Reliance Industries.
Ans: Option (C) is correct.
Explanation: Reliance is a private firm controlled by individuals, not the government.
Assertion (A): The value of final goods already includes the value of all the intermediate goods that are used in making the final good.
Reason (R): The value of final goods and services produced in each sector during a particular year provides the total production of the sector for the next two years.
Ans: Option (C) is correct.
Explanation: A is true, but R is false because the total production is calculated for the same year, not the next two years.
Assertion (A): Banking sector in India falls under the category of organised sector.
Reason (R): Terms of work are already decided in banking, and employees enjoy job security.
Ans: Option (A) is correct.
Assertion (A): In India, the mammoth task of measuring GDP is undertaken by a state government ministry.
Reason (R): With the help of various government departments of all the Indian states and union territories, the central ministry collects information relating to the total volume of goods and services and their prices and then estimates the GDP.
Ans: Option (C) is correct.
Explanation: A is false because GDP is measured by a central government ministry, not state governments, while R is true.
Assertion (A): Rakesh is an educated and skilled worker who earns a high monthly salary as he is employed in a private bank in a city.
Reason (R): All service sectors in India are growing extremely well, and each individual engaged in any kind of tertiary activity earns a high income.
Ans: Option (C) is correct.
Explanation: Not all service sectors in India are growing equally, and many workers earn minimal wages.
Assertion (A): Under MGNREGA 2005, those who are able to, and are in need of work in rural areas, are guaranteed 100 days of employment in a year.
Reason (R): The Central government in India made a law implementing the right to work in about 330 districts of India.
Ans: Option (A) is correct.
Explanation: Both A and R are true, and R explains the implementation of the MGNREGA scheme.
Assertion (A): Primary sector is a backbone for the secondary sector.
Reason (R): Primary sector provides raw material to the secondary sector to convert it into finished goods.
Ans: Option (A) is correct.
Explanation: Raw materials from the primary sector are essential for manufacturing processes in the secondary sector.
Assertion (A): In India, over the forty years between 1973-74 and 2013-14, while production in all the three sectors has increased, it has increased the most in the tertiary sector.
Reason (R): Tertiary sector is the only organised sector in the economy, so the government spends a lot of money for creating jobs in the tertiary sector.
Ans: Option (C) is correct.
Explanation: The growth in the tertiary sector is due to increased demand for services like education, health, transport, and IT, not because it is the only organised sector.
