GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Secondary sector
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Tertiary sector
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Primary sector
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Science and Technology sector
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Detailed explanation-1: -The Tertiary sector has emerged as the largest producing sector in the Indian economy in the last decade because (i) Demand for Tertiary sector activities like transport, storage, and trade have increased substantially with the development of the Primary and Secondary sectors. Therefore option 1 is the correct answer.
Detailed explanation-2: -In the past 100 years, the tertiary sector has emerged as the largest producing sector in the developed countries. Q.
Detailed explanation-3: -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-4: -Transport, storage, communication, banking, trade are some examples of tertiary activities. Since these activities generate services rather than goods, the tertiary sector is also called the service sector.