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Consider the following statements:


Statement-I:

The primary sector of an economy typically involves economic activities related to natural resource exploitation, such as mining and agriculture.


Statement-II:

The tertiary sector of an economy primarily consists of service-related economic activities like education and healthcare.


Which one of the following is correct in respect of the above statements?

  • a)
    Both Statement-I and Statement-II are correct and Statement-II explains Statement-I

  • b)
    Statement-I is correct, but Statement-II is incorrect  

  • c)
    Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I

  • d)
    Statement-I is incorrect, but Statement-II is correct

Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:Statement-I:The primary sector of an...
Explanation:

Statement-I:
- The primary sector of an economy typically involves economic activities related to natural resource exploitation, such as mining and agriculture.
- This statement is correct as the primary sector includes activities that directly extract or harvest natural resources from the earth.

Statement-II:
- The tertiary sector of an economy primarily consists of service-related economic activities like education and healthcare.
- This statement is incorrect as it describes the tertiary sector accurately. The tertiary sector includes services such as education, healthcare, hospitality, banking, and IT services.
Therefore, the correct answer is:

c) Statement-I is correct, but Statement-II is incorrect
Community Answer
Consider the following statements:Statement-I:The primary sector of an...

Statement-I correctly defines the primary sector as involving activities like mining and agriculture that exploit natural resources. This aligns with the standard definition of the primary sector in economics.
However, Statement-II incorrectly defines the tertiary sector. The tertiary sector primarily encompasses services like education, healthcare, banking, and communication, not just education and healthcare. Therefore, Statement-II is incorrect.
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Consider the following statements:Statement-I:The primary sector of an economy typically involves economic activities related to natural resource exploitation, such as mining and agriculture.Statement-II:The tertiary sector of an economy primarily consists of service-related economic activities like education and healthcare.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements:Statement-I:The primary sector of an economy typically involves economic activities related to natural resource exploitation, such as mining and agriculture.Statement-II:The tertiary sector of an economy primarily consists of service-related economic activities like education and healthcare.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for BPSC (Bihar) 2024 is part of BPSC (Bihar) preparation. The Question and answers have been prepared according to the BPSC (Bihar) exam syllabus. Information about Consider the following statements:Statement-I:The primary sector of an economy typically involves economic activities related to natural resource exploitation, such as mining and agriculture.Statement-II:The tertiary sector of an economy primarily consists of service-related economic activities like education and healthcare.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for BPSC (Bihar) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The primary sector of an economy typically involves economic activities related to natural resource exploitation, such as mining and agriculture.Statement-II:The tertiary sector of an economy primarily consists of service-related economic activities like education and healthcare.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
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