CA Foundation Exam > CA Foundation Questions > Nearly __________ percent of working populati...
Start Learning for Free
Nearly __________ percent of working population is engaged in the service sector.
- a)23 percent
- b)45 percent
- c)80 percent
- d)50 percent
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Nearly __________ percent of working population is engaged in the serv...
Service Sector Employment
According to recent statistics, the service sector is the largest and fastest-growing sector of the economy worldwide. In India, the service sector accounts for more than half of the country's GDP and employs a significant portion of the working population.
Percentage of Working Population in Service Sector
The correct answer to the question is option 'A,' i.e., 23 percent. This means that almost a quarter of the working population in India is engaged in the service sector. The service sector comprises several industries, including banking, insurance, tourism, hospitality, healthcare, IT, and communication, among others.
Reasons for the Growth of Service Sector
The growth of the service sector can be attributed to several factors such as:
1. Increase in disposable income: As people's income rises, their demand for services such as healthcare, education, and entertainment also increases.
2. Technological advancements: The advent of technology has led to the growth of the IT and communication industries, which have opened up new avenues for employment.
3. Urbanization: As more and more people migrate to cities, the demand for services such as transportation, housing, and healthcare increases, leading to the growth of the service sector.
Conclusion
In conclusion, the service sector is a significant contributor to the Indian economy and employs a significant portion of the working population. With the growth of the sector expected to continue in the coming years, there will be a further increase in the number of people employed in the service sector.
According to recent statistics, the service sector is the largest and fastest-growing sector of the economy worldwide. In India, the service sector accounts for more than half of the country's GDP and employs a significant portion of the working population.
Percentage of Working Population in Service Sector
The correct answer to the question is option 'A,' i.e., 23 percent. This means that almost a quarter of the working population in India is engaged in the service sector. The service sector comprises several industries, including banking, insurance, tourism, hospitality, healthcare, IT, and communication, among others.
Reasons for the Growth of Service Sector
The growth of the service sector can be attributed to several factors such as:
1. Increase in disposable income: As people's income rises, their demand for services such as healthcare, education, and entertainment also increases.
2. Technological advancements: The advent of technology has led to the growth of the IT and communication industries, which have opened up new avenues for employment.
3. Urbanization: As more and more people migrate to cities, the demand for services such as transportation, housing, and healthcare increases, leading to the growth of the service sector.
Conclusion
In conclusion, the service sector is a significant contributor to the Indian economy and employs a significant portion of the working population. With the growth of the sector expected to continue in the coming years, there will be a further increase in the number of people employed in the service sector.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer?
Question Description
Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer?.
Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Nearly __________ percent of working population is engaged in the service sector.a)23 percentb)45 percentc)80 percentd)50 percentCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup