Service Sector: Role, Challenges and Opportunities: RAS Prelims MCQs
54 RAS Prelims MCQs on the service sector cover its share in the economy, its classification, trade in services under GATS, digital payments and regulation. Tertiary, quaternary and quinary services, BPO, SEBI, the effect of the pandemic and the quality of higher education are asked as definitions and statements.
Practice questions based on the RPSC RAS Prelims syllabus. They follow the exam pattern but are not past-paper questions.
Showing 51–54 of 54 questions
RAS PrelimsIndian Economy · Service Sector: Role, Challenges and Opportunities
Q51. Read the following statements regarding transport services: Statement I: The Dedicated Freight Corridor (DFC) is designed to exclusively carry passenger trains at high speeds. Statement II: DFC aims to decongest existing railway networks and increase the average speed of goods trains. Select the correct response:
Explanation
The Dedicated Freight Corridor is a strategic infrastructure project specifically designed for the movement of goods, not passenger trains. Its primary objective is to decongest the existing rail network by providing dedicated high-speed tracks for freight. This improvement allows for heavier and faster cargo trains, which significantly increases the efficiency of logistics and reduces the overall cost of transporting goods.
RAS PrelimsIndian Economy · Service Sector: Role, Challenges and Opportunities
Q52. The ‘Kavach’ system, recently in the news, is associated with the safety infrastructure of which service sector?
Explanation
Kavach is an indigenously developed automatic train protection system designed to enhance safety in the Indian railways. It acts as an anti-collision system that prevents trains from passing signals at danger and helps avoid accidents in adverse weather conditions. The implementation of this technology is a critical part of the modernization efforts to make rail travel safer through advanced electronic safety protocols.
RAS PrelimsIndian Economy · Service Sector: Role, Challenges and Opportunities
Q53. What defines a ‘unicorn’ in the context of the digital economy and startup ecosystem?
Explanation
In the startup ecosystem, a ‘unicorn’ is a privately held company that has reached a valuation of over one billion US dollars. This status signifies significant growth, investor confidence, and market potential. India has seen a rapid rise in the number of unicorns, particularly in the fintech, e-commerce, and edtech sectors. This trend reflects the vibrant nature of the domestic digital economy.
RAS PrelimsIndian Economy · Service Sector: Role, Challenges and Opportunities
Q54. An individual in Rajasthan uses a mobile application to instantly transfer funds to a merchant’s bank account using a QR code. This process relies on which underlying core technology?
Explanation
Real-time fund transfers using mobile applications and QR codes are made possible by the Unified Payments Interface.
Answer key for these questions
Q
Correct answer
51
(d) Statement I is incorrect, but Statement II is correct.
52
(b) Railways sector
53
(a) A privately held startup company valued at over $1 billion
54
(c) UPI (Unified Payments Interface)
Key facts from Service Sector: Role, Challenges and Opportunities
The service sector contributes between 50 and 60 per cent of India’s economy.
Tertiary services are basic commercial services like retail and transport; quaternary services are knowledge-based, like research and development.
Under GATS, India has pushed hardest for Mode 4, the movement of natural persons.
A foreign tourist visiting Rajasthan and buying handicrafts is an example of consumption abroad (Mode 2).
BPO stands for Business Process Outsourcing; SEBI is the regulator of the capital markets.
India’s most globally competitive service is telecommunications, computer and information services; trade, hotels, transport and communication fell the most during the pandemic.
Frequently asked questions
How many RAS Prelims practice MCQs are there on Service Sector: Role, Challenges and Opportunities?
This page has 54 practice MCQs on Service Sector: Role, Challenges and Opportunities (Indian Economy). Each has the correct answer, and most have an explanation.
What is Mode 4 under GATS?
The movement of natural persons, meaning professionals who go abroad temporarily to provide services. India has pushed for it because it has many skilled IT and other professionals.
Which body regulates the capital markets in India?
The Securities and Exchange Board of India (SEBI). It regulates stock exchanges, brokers, mutual funds and other market participants, and protects the interests of investors, under the SEBI Act of 1992, which gave it statutory powers.
What does BPO stand for?
Business Process Outsourcing, in which a company hands over a business function, such as customer support or accounts, to an outside provider. India became a leading BPO destination because of its skilled, English-speaking workforce.
