Consider the following industrial divisions in which all the economic activities are divided.
(i) Agriculture
(ii) Mining and Quarrying
(iii) Manufacturing
(iv) Electricity, Gas and Water Supply
(v) Construction
(vi) Trade
(vii) Transport and Storage and
(viii) Services.
Which of the activities will fall under the broad heading "Service Sector"?
Answer & explanation
Correct answer: option 2
The current answer is Option 2: vi, vii, and viii
Generally, we divide all economic activities into eight different industrial divisions.They are
(i) Agriculture
(ii) Mining and Quarrying
(iii) Manufacturing
(iv) Electricity, Gas and Water Supply
(v) Construction
(vi) Trade
(vii) Transport and Storage and
(viii) Services.
For simplicity, all the working persons engaged in these divisions can be clubbed into three major sectors viz.,
(a) primary sector which includes (i) and (ii),
(b) secondary sector which includes (iii), (iv) and (v) and
(c) service sector which includes divisions (vi), (vii) and (viii).