GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
first falls and the rises
|
|
|
first rises and then falls
|
|
|
keeps on increasing
|
|
|
remains constant
|
Detailed explanation-1: -With growth, the secondary sector picks up and forms greater share of the national income, alongside the tertiary sector which starts making its mark. As development quickens, role of primary sector in the national income diminishes and the share of tertiary sector grows.
Detailed explanation-2: -Economists have found that as a nation’s economy grows and develops, the tertiary sector becomes larger while the primary sector that produces raw materials shrinks. The service sector is now the largest sector of the global economy in terms of value-added and is especially important in more advanced economies.
Detailed explanation-3: -The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.