GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which sector of Indian Economy has shown remarkable expansion during the last decade?
A
Primary Sector
B
Secondary Sector
C
Teritary Sector
D
Mining Sector
Explanation: 

Detailed explanation-1: -Correct Option: C. During last decade, tertiary sector has shown remarkable expansion. The economy is divided into three sector on the basis of activities-primary, secondary and tertiary.

Detailed explanation-2: -The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or entertainment.

Detailed explanation-3: -The tertiary sector circulates goods to various suppliers. The tertiary sectors help in the development of the agricultural industry. It also helps to flourish other industries such as transport, storage, and trade. The tertiary sectors flourish in tourism, retail, schools and private hospitals.

Detailed explanation-4: -In the year 2003, the largest producing sector in India was the tertiary sector.

There is 1 question to complete.