UPSC  >  Indian Economy for UPSC CSE  >  Services Sector- 1

Services Sector- 1 Video Lecture - Indian Economy for UPSC CSE

136 videos|338 docs|146 tests

FAQs on Services Sector- 1 Video Lecture - Indian Economy for UPSC CSE

1. What is the services sector?
Ans. The services sector refers to a category of the economy that includes industries that provide intangible goods or services rather than producing physical products.
2. What are some examples of industries in the services sector?
Ans. Some examples of industries in the services sector include banking and finance, healthcare, education, tourism and hospitality, transportation, telecommunications, and professional services such as consulting and legal.
3. What is the importance of the services sector in the economy?
Ans. The services sector plays a crucial role in the economy as it contributes to employment generation, enhances productivity, and drives economic growth. It often serves as a key driver of innovation and can have a significant impact on a country's overall competitiveness.
4. How does the services sector differ from the manufacturing sector?
Ans. The services sector primarily deals with the provision of intangible services, such as healthcare or banking, whereas the manufacturing sector involves the production of physical goods. While manufacturing focuses on transforming raw materials into finished products, the services sector focuses on meeting the needs of consumers through various services.
5. What are some challenges faced by the services sector?
Ans. Some challenges faced by the services sector include increasing competition, technological disruptions, changing consumer preferences, regulatory complexities, and the need for skilled labor. Additionally, the sector may also face challenges related to quality control, customer satisfaction, and maintaining efficient service delivery processes.
136 videos|338 docs|146 tests
Explore Courses for UPSC exam

How to Prepare for UPSC

Read our guide to prepare for UPSC which is created by Toppers & the best Teachers
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Download free EduRev App
Track your progress, build streaks, highlight & save important lessons and more!
Related Searches

Services Sector- 1 Video Lecture | Indian Economy for UPSC CSE

,

MCQs

,

Viva Questions

,

video lectures

,

Exam

,

Sample Paper

,

Important questions

,

Previous Year Questions with Solutions

,

pdf

,

shortcuts and tricks

,

study material

,

practice quizzes

,

ppt

,

Extra Questions

,

Objective type Questions

,

Services Sector- 1 Video Lecture | Indian Economy for UPSC CSE

,

Semester Notes

,

past year papers

,

Services Sector- 1 Video Lecture | Indian Economy for UPSC CSE

,

Summary

,

mock tests for examination

,

Free

;