GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is another name for service sector
A
Tertiary
B
Primary
C
Secondary
D
Agriculture
Explanation: 

Detailed explanation-1: -The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing).

Detailed explanation-2: -The service sector, also known as the tertiary sector, is the third tier in the three-sector economy.

Detailed explanation-3: -The tertiary industry is the segment of the economy that provides services to its consumers, including a wide range of businesses such as financial institutions, schools and restaurants. It is also known as the tertiary sector or service industry/sector.

Detailed explanation-4: -The secondary sector is also known as the industrial sector.

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