Q46. The economic activities which do not produce finished goods but help the other sectors are called tertiary activities. Which activities come under this sector? (a) Transport, insurance, banking (b Transport, insurance, Steel manufacturing (c) Banking, baking, fishing (d) Fishing, mining, agriculture.
Answers
Answer:
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Answer:
The correct answer is Option a i.e. Banking,transport, insurance
Explanation:
Banking sector comes under the tertiary industry. Economic activities are broadly divided into three broad categories:
Primary Sector
Secondary Sector
Tertiary Sector.
Primary Sector includes all those activities where there is the direct use of natural resources such as forestry, agriculture, fishing, fuels, etc.
Secondary Sectors are those which use the primary sector as its raw materials and it is also called manufacturing sector examples are Cakes, bread, automobiles, etc.
Tertiary Sector includes all the economic activities where different services are produced such as education, banking, insurance, etc.
Additional Information
Agriculture & Allied Sector:
This sector includes forestry and fishing also.
This sector is also known as the primary sector of the economy.
At the time of Indian independence, this sector had the biggest share in the Gross Domestic Product of India. But year by year its contribution goes on declining.
Industry Sector:
This sector includes 'Mining & quarrying', Manufacturing (Registered & Unregistered), Gas, Electricity, Construction, and Water supply.
This is also known as the secondary sector of the economy.
Services Sector:
The services sector includes 'Financial, real estate & professional services, Public Administration, defence and other services, trade, hotels, transport, communication and services related to broadcasting.