Question

banking is an example of which activity​

Answer 1

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Banking is an example of accountancy.....!

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Answer 2

Answer:

Banking is an example of tertiary activity.

Explanation:

The Indian economy is broadly said to have three sectors:

1. Primary sector
2. Secondary sector
3. Tertiary sector

Primary Sector: It is related to agriculture and related activities like farming, fishery and activities that are related to the extraction of raw materials.

Secondary Sector: These are concerned with the industrial and manufacturing units i.e. conversion of the raw material into other forms. For example: mining, mineral extraction etc.

Tertiary Sector: It is also known as the service sector. It includes IT sector, hospitality, financial services like banking, trade, education etc.