UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > Services Sector- 2
Services Sector- 2 Video Lecture | Indian Economy for UPSC CSE
|
110 videos|315 docs|136 tests
|
FAQs on Services Sector- 2 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 intangible activities provided by businesses, organizations, and individuals. It encompasses a wide range of industries such as banking, healthcare, education, hospitality, transportation, and professional services.
| 2. What are the main characteristics of the services sector? | |
Ans. The services sector is characterized by intangibility, perishability, inseparability, and variability. Intangibility means that services cannot be physically touched or stored like goods. Perishability refers to the fact that services cannot be stored or inventoried like products. Inseparability implies that services are typically produced and consumed simultaneously. Finally, variability suggests that the quality and nature of services can vary due to the involvement of human interactions.
| 3. How important is the services sector for the economy? | |
Ans. The services sector plays a crucial role in the economy of a country. It contributes significantly to the gross domestic product (GDP) and employment. In many developed countries, the services sector accounts for a major portion of the GDP. It also offers diverse job opportunities and promotes economic growth through the provision of various services to businesses and consumers.
| 4. What are some challenges faced by the services sector? | |
Ans. The services sector faces various challenges, including intense competition, changing consumer preferences, technological advancements, and regulatory constraints. Businesses in the services sector need to constantly adapt to evolving market conditions, invest in innovation, and ensure compliance with regulations. Additionally, ensuring high-quality customer experiences and managing customer expectations are also significant challenges.
| 5. How has the services sector been affected by the COVID-19 pandemic? | |
Ans. The COVID-19 pandemic has had a profound impact on the services sector. Many services such as travel, hospitality, entertainment, and dining have experienced severe disruptions due to lockdowns, travel restrictions, and social distancing measures. This has led to significant revenue losses and job cuts in these industries. However, certain services like e-commerce, online education, and telecommunication have witnessed increased demand as people adapted to remote working and learning environments.
Related Exams
About this Video
|
4.90/5 Rating |
|
Dec 22, 2024 Last updated |
Video Description: Services Sector- 2 for UPSC 2024 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for Services Sector- 2 have been prepared according to the UPSC exam syllabus.
Information about Services Sector- 2 covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Services Sector- 2.
Introduction of Services Sector- 2 in English is available as part of our Indian Economy for UPSC CSE for UPSC & Services Sector- 2 in
Hindi for Indian Economy for UPSC CSE course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for Services Sector- 2 Video Lecture | Indian Economy for UPSC CSE - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy for UPSC CSE.
Information about Services Sector- 2
Here you can find the meaning of Services Sector- 2 defined & explained in the simplest way possible.
Besides explaining types of Services Sector- 2 theory, EduRev gives you an ample number of questions to practice Services Sector- 2 tests,
examples and also practice UPSC tests.
|
110 videos|315 docs|136 tests
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Summary
,ppt
,MCQs
,shortcuts and tricks
,Objective type Questions
,Previous Year Questions with Solutions
,Exam
,video lectures
,study material
,Services Sector- 2 Video Lecture | Indian Economy for UPSC CSE
,past year papers
,Free
,practice quizzes
,mock tests for examination
,Extra Questions
,Semester Notes
,Services Sector- 2 Video Lecture | Indian Economy for UPSC CSE
,Services Sector- 2 Video Lecture | Indian Economy for UPSC CSE
,Sample Paper
,Important questions
,Viva Questions
;
Study Services Sector- 2 on the App
Students of UPSC can study Services Sector- 2 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Services Sector- 2,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Services Sector- 2 is prepared as per the latest UPSC syllabus.
|
© 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