GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The criterion for classification could of many depending on what we desire to find out.In dividing the economic activities according to the ‘ nature of activity’ it is classified into ____
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public and private sectors
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organised and unorganised sectors
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primary, secondary and tertiary sectors
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all of the above
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Explanation:
Detailed explanation-1: -The secondary sector includes all manufacturing activities where raw materials are transformed into finished goods. Industries related to construction, automobiles, household appliances, electronics, etc., are all counted under the secondary sector.
Detailed explanation-2: -Based on ownership, industries can be classified as public sector, private sector, or joint sector. Public industries are owned and run by the government, whereas private industries are run and owned by private enterprises. Joint sectors are run as a collaboration between the government and private parties.
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