Question

Which one of the following is not known as service industry
a) processing
b) banking
c) insurance
d) advertising

Answer 1

Insurance among the following is not the service industry.

Insurance is not the part of service because,

insurance contracts are not deemed work or labor, and therefore, do not qualify as service under the CLRA, a pro-consumer statute intended to protect low-income consumers from deceptive or unfair business practices. It prohibits specific deceptive or unfair acts in the sale or lease of goods and services.

Answer 2

INSURANCE does not come under the service industry.

Insurance is basically an agreement or arrangement with a company in which we pay regular amounts of money and in turn they cover our costs.

Since this is an exchange of money in one way, hence Insurance does not come under Services.