Which among the following sectors is registered by the government and follows rules and regulations?
(a) Tertiary sector
(b) Unorganized sector
(c) Organized sector
(d) Semi – formal sector
Answers
The organized sector is registered by the government and follows rules and regulations stated by the government.
Explanation:
Now let’s look at the options that you have provided first.
Tertiary sector is usually the service sector industry. Within the economic status, this sector is considered as the third tier. It is not related to production sector in any way. It provides services to all other sectors – government and non-government sectors.
Unorganized sector stands for a very big sector in the economic sector. It refers to all others that include PF act, factories act and also minimum wages act. It includes lots of industries and units that are small scale units. It is not organized so it is not registered with the government.
Organized sector is also a very big sector that is completely registered with the government. It has to follow all rules and regulations laid down by the government. It has employee unions.
Semi formal sector is one that follows a lot of formal rules and regulations. It could be including more of the unorganized sectors, that are not government by the government.
So the right answer to your question is option C. organized sector.