ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Quaternary activities centre around research, development and may be seen as an advanced form of services involving specialised knowledge and technical skills. The Quaternary Sector along with the Tertiary Sector has replaced most of the primary and secondary employment as the basis for economic growth.

Detailed explanation-2: -Tertiary economic activities provide services to people and businesses. Quaternary economic activities process, manage, and distribute information.

Detailed explanation-3: -Quaternary sector: Involves knowledge-based activities such as information technology, research, and development, as well as consulting services and education.

Detailed explanation-4: -Quaternary activities are specialized tertiary activities in the ‘Knowledge Sector’ which demands a separate classification. There has been a very high growth in demand for and consumption of information-based services from mutual fund managers to tax consultants, software developers and statisticians.

Detailed explanation-5: -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.