Which of the following statements accurately describes the Quinary sector of the economy?Statement I: The Quinary sector involves activities related to primary production and extraction of natural resources.Statement II: The Quinary sector focuses on providing essential services such as healthcare, education, and government administration.Statement III: The Quinary sector is primarily involved in research, innovation, and advanced technology.Statement IV: The Quinary sector plays a minimal role in contributing to the overall economy.a)Statements I and II onlyb)Statements II and III onlyc)Statements II, III and IV onlyd)Statements III onlyCorrect answer is option 'B'. Can you explain this answer?

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Which of the following statements accurately describes the Quinary sector of the economy?
Statement I: The Quinary sector involves activities related to primary production and extraction of natural resources.
Statement II: The Quinary sector focuses on providing essential services such as healthcare, education, and government administration.
Statement III: The Quinary sector is primarily involved in research, innovation, and advanced technology.
Statement IV: The Quinary sector plays a minimal role in contributing to the overall economy.

a)
Statements I and II only
b)
Statements II and III only
c)
Statements II, III and IV only
d)
Statements III only

Correct answer is option 'B'. Can you explain this answer?

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Which of the following statements accurately describes the Quinary sec...

Statement I is false. The Quinary sector does not involve activities related to primary production and extraction of natural resources. It is primarily focused on high-level decision-making and specialized services.

Statement II is true. The Quinary sector focuses on providing essential services such as healthcare, education, government administration, and other services that require specialized skills and expertise.

Statement III is true. The Quinary sector is indeed primarily involved in research, innovation, and advanced technology. It encompasses activities that contribute to the creation and dissemination of knowledge and expertise.

Statement IV is false. The Quinary sector plays a significant role in contributing to the overall economy through specialized services and knowledge-based activities.

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Which of the following statements accurately describes the Quinary sec...

Understanding the Quinary Sector
The Quinary sector of the economy is a crucial segment that focuses on specialized services. Let's analyze the statements provided:
Statement I: Incorrect
- The Quinary sector does not involve primary production or extraction activities. This description aligns more with the primary sector, which includes agriculture, mining, and fishing.
Statement II: Correct
- This sector indeed focuses on essential services such as healthcare, education, and government administration. These services are vital for societal welfare and development.
Statement III: Correct
- The Quinary sector is heavily involved in research, innovation, and advanced technology. This includes activities like scientific research, policy-making, and high-level decision-making processes.
Statement IV: Incorrect
- Contrary to this statement, the Quinary sector plays a significant role in the economy. Its contributions are vital for promoting knowledge, improving services, and fostering innovation.
Conclusion
Based on the analysis:
- Only Statements II and III are accurate, making option 'b' (Statements II and III only) the correct answer.
This understanding highlights the importance of the Quinary sector in enabling advanced services and innovations that drive economic growth.

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Which of the following statements accurately describes the Quinary sector of the economy?Statement I: The Quinary sector involves activities related to primary production and extraction of natural resources.Statement II: The Quinary sector focuses on providing essential services such as healthcare, education, and government administration.Statement III: The Quinary sector is primarily involved in research, innovation, and advanced technology.Statement IV: The Quinary sector plays a minimal role in contributing to the overall economy.a)Statements I and II onlyb)Statements II and III onlyc)Statements II, III and IV onlyd)Statements III onlyCorrect answer is option 'B'. Can you explain this answer?

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Which of the following statements accurately describes the Quinary sector of the economy?Statement I: The Quinary sector involves activities related to primary production and extraction of natural resources.Statement II: The Quinary sector focuses on providing essential services such as healthcare, education, and government administration.Statement III: The Quinary sector is primarily involved in research, innovation, and advanced technology.Statement IV: The Quinary sector plays a minimal role in contributing to the overall economy.a)Statements I and II onlyb)Statements II and III onlyc)Statements II, III and IV onlyd)Statements III onlyCorrect answer is option 'B'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Which of the following statements accurately describes the Quinary sector of the economy?Statement I: The Quinary sector involves activities related to primary production and extraction of natural resources.Statement II: The Quinary sector focuses on providing essential services such as healthcare, education, and government administration.Statement III: The Quinary sector is primarily involved in research, innovation, and advanced technology.Statement IV: The Quinary sector plays a minimal role in contributing to the overall economy.a)Statements I and II onlyb)Statements II and III onlyc)Statements II, III and IV onlyd)Statements III onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements accurately describes the Quinary sector of the economy?Statement I: The Quinary sector involves activities related to primary production and extraction of natural resources.Statement II: The Quinary sector focuses on providing essential services such as healthcare, education, and government administration.Statement III: The Quinary sector is primarily involved in research, innovation, and advanced technology.Statement IV: The Quinary sector plays a minimal role in contributing to the overall economy.a)Statements I and II onlyb)Statements II and III onlyc)Statements II, III and IV onlyd)Statements III onlyCorrect answer is option 'B'. Can you explain this answer?.

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