Q1. Which one of the following sub-sector of the services sector in India has contributed the highest per cent in the annual growth rate of the GDP?
a) Real Estate, ownership of dwellings and business services
b) Community, social and personal services
c) Transport, storage and communication
d) Trade, hotels and restaurants
Q2. 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 and employment generation is growing over the year.
Which of the statements given above are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Q3. Consider the following statements
1. When a country progresses further the manugfacturing sector takes a back seat and give a way to service sector in terms of both output and employment
2. When a country progresses further manufacturing sector become increasingly service sector.
Which of the statements given above are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Q4. Consider the following statements
1. Computer software has the highest percentage of share in service sector export in India.
2. Communication services has highest growth rate in service sector in 11th Five Year Plan.
Which of the statements given above are correct?
a) Only 1
b) Both 1 and 2
c) Only 2
d) Neither 1 nor 2
Q5. Consider the following statements
1. Maharashtra has highest share of service sector in their gross state domestic product.
2. The share of services in India’s GDP increased from 3.5% in 1950-51 to 72% in 2014.
Which of the statements given above are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Q6. Consider the following statements
1. In India, imposition of taxes on the service as a separate service taxes has been started since independence.
2. BPO, ITeS and software products are only taxed by Indian Government under services tax.
Which of the statements given above are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Q7. Which one of the following service is included in the services sector of Indian Economy?
a) Transport, storage and communication
b) Financing, insurance, real estate and business services
c) Community, social and personal services
d) All of the above
Q8. Which one of the following sectors of the Indian Economy is prohibited from Foreign Direct Investments(FDIs)?
a) Multibrand Retailing Trading
b) Lottery business
c) Gambling and betting
d) All of the above
Q9. Consider the following statements
1. In last decade, India is 2nd to China, in developing countries in the terms of Compounded Annual Growth Rate in service sector
2. In the last decade, Russia had higher Compounded Annual Growth Rate in services sector than India.
Which of the statements given above are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Q10. Which one of the following percentage of Foreign Direct Investment is allowed in the Indian entities publishing newspapers and periodicals dealing with news and current affairs?
a) 26%
b) 49%
c) 74%
d) 100%
ANSWER:- 1-D, 2-C, 3-C, 4-B, 5-C, 6-D, 7-D, 8-B, 9-A, 10-A