BANKING AFFAIRS

Detailed explanation-1: -The tertiary sector is also called the service sector which includes, transport, banking, tourism, hospitality, insurance, trade, and so on. Hence, banking is included in the tertiary sector of the Indian economy.

Detailed explanation-2: -Banking is included under service sector. The tertiary sector of the economy is the service sector. This sector provides services to the general population and to businesses.

Detailed explanation-3: -Banking is made up of several segments-retail banking, commercial banking, and investment banking.

Detailed explanation-4: -Tourism, health care, education, transportation, communication, engineering, information technology, finance, banking, management and other such services form part of the services sector in India.

Detailed explanation-5: -The service sector, also known as the tertiary sector, is the third tier in the three-sector economy. Instead of product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.