Q. 1. Banking is included in which sector of activity?  

(a) Primary Sector

(b) Tertiary Sector

(c) Secondary Sector

(d) Both (a) and (c)

Answer

So, the correct option is (b) - Tertiary Sector

Explanation

types of economic sector - Teachoo.png

Let’s check all the options

  • (a) - Primary sector includes agriculture , forestry , animal husbandry , fishing , poultry farming , mining, and quarrying . So, this is incorrect.
  • (b) - Tertiary sector includes Trade , transport , communication , banking , education , health , tourism , services , insurance , etc. So, this is the correct option.
  • (c) - Secondary Sector includes manufacturing . So, this is incorrect.

 

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.