Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business, Trade and Commerce

Question:

Transport, banking, insurance, warehousing, communication, packaging and advertising are included in which type of industry?

Options:

Secondary industries

Processing industry

Tertiary industries

Genetic industries

Correct Answer:

Tertiary industries

Explanation:

The correct answer is option 3- Tertiary industries.

Tertiary industries are concerned with providing support services to primary and secondary industries as well as activities relating to trade. These industries provide service facilities. As business activities, these may be considered part of commerce because as auxiliaries to trade these activities assist trade. Included in this category are transport, banking, insurance, warehousing, communication, packaging and advertising.