UPSC Prelims 2002·GS1·economy·economic sectors and development

Which reference to the Indian economy, consider the following activities: 1. Agriculture, Forestry and Fishing 2. Manufacturing 3. Trade, Hotels Transport and Communication 4. Financing, Insurance, Real Estate and Business services the decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000-01) is

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  1. A3, 1, 2, 4
  2. B1, 3, 4, 2
  3. C3, 4, 1, 2Correct
  4. D1, 3, 2, 4

Explanation

The correct answer is C because it reflects the structural shift in the Indian economy where the services sector has overtaken agriculture and industry. Based on the 2000-01 data at constant prices, the contribution order is as follows: 1. Trade, Hotels, Transport and Communication (Sector 3): This segment of the services sector emerged as the largest contributor. 2. Financing, Insurance, Real Estate and Business Services (Sector 4): This represents the high-value financial services component, which holds the second position in this list. 3. Agriculture, Forestry and Fishing (Sector 1): While historically the largest, its relative share in the GDP had declined to the third position among these categories by this period. 4. Manufacturing (Sector 2): During this specific timeframe and classification, manufacturing held the smallest share among the four options provided. Therefore, the decreasing order is 3, 4, 1, 2.
economy: Which reference to the Indian economy, consider the following activities: 1. Agriculture, Forestry and Fishing 2. Manufa

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