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UPSC 2022: Which of the following activities constitute real sector in the economy? 1. Farmers harvesting their crops 2. Textile mills converting raw cotton into fabrics 3. A commercial bank lending money to a trading company 4. A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below:
(a)1 and 2 only
(b)2, 3 and 4 only
(c)1, 3 and 4 only
(d)1, 2, 3 and 4
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Not attemptedCorrect Answer: (a) 1 and 2 only
The real sector includes activities that produce goods and services: harvesting crops and manufacturing fabric (Statements 1 & 2). Lending by a bank and issuing bonds are financial-sector activities and do not form part of the real sector, so Statements 3 & 4 are excluded. Thus only 1 and 2 constitute the real sector. ([sprintupsc.com](https://sprintupsc.com/PreviousYearsWeb/upsc-prelims-2022-answer-key.html?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2022 Indian Economy question?▼
The correct answer is option (a): 1 and 2 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this National Income & Economic Growth question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2022, GS Paper 1, as Question 7. It falls under Indian Economy > National Income & Economic Growth.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from National Income & Economic Growth?▼
UPSC has asked 37 questions from National Income & Economic Growth (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.