ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What type of economic activity would serving as insurance actuary analyst be classified as?
A
quaternery
B
primary
C
secondary
D
tertiary
Explanation: 

Detailed explanation-1: -Explanation: The generation of knowledge and the sharing of research are associated with quaternary economic activities. Examples of this include teaching, tourism, and customer service.

Detailed explanation-2: -The correct answer is University Teaching. University teaching is a specialized activity and forms part of the knowledge sector of the economy i.e. the quaternary sector.

Detailed explanation-3: -The quaternary sector is defined as the industry based on human knowledge which involves technology, information, financial planning, research, and development.

Detailed explanation-4: -The quaternary sector is an economic area with primary services centred on research, information, and technology. Examples include computer services, media, information and communication technology, consultancy, and research and development.

There is 1 question to complete.