Test: Sectors of the Indian Economy (Medium) - Class 10 MCQ

• Service sector: The tertiary sector is commonly referred to as the service sector.

The tertiary sector, also known as the service sector, refers to the segment of the economy that provides services to consumers and businesses. This sector is characterized by the production and delivery of intangible goods, such as healthcare, education, finance, hospitality, transportation, and entertainment.

Here are some key points to consider:

• The tertiary sector is the largest sector of the economy in terms of employment and GDP contribution in many countries.


• It encompasses a wide range of industries and activities that are focused on providing services rather than producing tangible goods.


• Examples of businesses in the service sector include banks, hotels, restaurants, airlines, telecommunications companies, and healthcare providers.


• The growth of the service sector is often associated with economic development and the shift from agrarian and industrial economies to more advanced and service-oriented economies.


• Service sector activities can be classified into various subsectors, including financial services, professional services, transportation services, hospitality services, and healthcare services.

Therefore, the correct answer is C: Service sector.

The primary sector is concerned with the extraction of raw materials from the earth or sea. This includes activities like agriculture, fishing, forestry, and mining. Unlike the secondary sector, which focuses on manufacturing, or the tertiary sector, which provides services, the primary sector is all about obtaining natural resources.

The secondary sector involves transforming raw materials into finished or semi-finished products, essentially manufacturing. Construction is a prime example of this sector because it involves building structures by transforming raw materials like cement, steel, and wood into schools, offices, homes, and other buildings. Farming is primary, banking is tertiary, and teaching falls under the quaternary sector, related to services involving intellectual expertise.

The tertiary sector's primary role is to provide services rather than goods. These services include education, healthcare, banking, insurance, and transportation, among others. While the primary sector deals with raw materials and the secondary with manufacturing, the tertiary sector's focus is on offering non-tangible value that supports the economy and society in various ways, including retail, professional services, and hospitality.

Sector which includes trade, transport, banking, communication and services is known as the tertiary sector. The tertiary sector mainly deals with services. Hence, the tertiary sector is also known as the service sector of the economy.

The quaternary sector is a subset of the tertiary sector, but it specifically focuses on knowledge-based activities involving services such as information technology, research and development (R&D), financial planning, consultation services, education, and other knowledge-based services. This sector is crucial for the advancement of technology, innovation, and the overall knowledge economy. Agricultural production is primary, industrial manufacturing is secondary, and wholesale trading is a part of the broader tertiary sector.