JAIIB · IEIFS · Chapter 3

Sectors of the Indian Economy

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.

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Q

What is Indian economy?

A

is a multi-layered system in which production, distribution and consumption are spread across economic sectors that differ by nature of activity, level of technology, ownership and degree of formalisation.

Q

Nature — Primary / Secondary / Tertiary?

A

Primary: Agriculture and allied; Secondary: Manufacturing/Industry; Tertiary: Services

Q

Output — Primary / Secondary / Tertiary?

A

Primary: Raw material; Secondary: Processing of materials; Tertiary: Distribution / intangibles

Q

Typical organisation — Primary / Secondary / Tertiary?

A

Primary: Unorganised; Secondary: Organised; Tertiary: Organised

Q

Typical capital intensity — Primary / Secondary / Tertiary?

A

Primary: Low / labour-intensive; Secondary: High; Tertiary: Medium–high

Q

Examples — Primary / Secondary / Tertiary?

A

Primary: Farming, fishing, mining; Secondary: Steel, textiles, autos; Tertiary: Banking, IT, retail

Q

Agri & Allied (Primary) — 1950-51 / 2000-01 / 2021-22 / FY25 (PE) / FY26 (FAE)?

A

1950-51: ~ 51.8 %; 2000-01: ~ 22 %; 2021-22: 18.6 %; FY25 (PE): ~ 17.7 %; FY26 (FAE): ~ 17.9 %

Q

Industry (Secondary) — 1950-51 / 2000-01 / 2021-22 / FY25 (PE) / FY26 (FAE)?

A

1950-51: ~ 14.2 %; 2000-01: ~ 27 %; 2021-22: 29 %; FY25 (PE): ~ 28 %; FY26 (FAE): ~ 27 %

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