SSC MTS EXAM

SSC

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 service sector, also known as the tertiary sector, is the third tier in the three-sector economy. Instead of product production, this sector produces services maintenance and repairs, training, or consulting.

Detailed explanation-2: -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-3: -Hence the tertiary sector is also known as the Service Sector.

There is 1 question to complete.