GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The tertiary sector is also called ____
A
Secondary sector
B
Service sector
C
Industrial sector
D
Primary sector
Explanation: 

Detailed explanation-1: -The tertiary industry sector makes up the vast majority of employment opportunities and is solely focused on providing services, not goods, to consumers and other organizations. For this reason, it is also known as the service sector.

Detailed explanation-2: -A sector is an area of the economy in which businesses share the same or related business activity, product, or service. Sectors represent a large grouping of companies with similar business activities, such as the extraction of natural resources and agriculture.

Detailed explanation-3: -The Service Sector, also called the tertiary sector, is one of the three traditional economic sectors. Activities in the service sector include retail, banks, hotels, real estate, education, health, social work, computer services, recreation, media, communications, electricity, gas, and water supply.

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