Which of the following belongs to Quinary activity?

The correct answer is Option (1) → Policy formulators

The service sector is divided into tertiary, quaternary and quinary activities. Quinary activities are services that focus on the creation, re-arrangement and interpretation of new and existing ideas.

Option (1) Policy formulators — Correct. Policy makers are the highest level of decision makers, and they perform quinary activities.

Option (2) Research and Development Scientists — Incorrect. Quaternary activities centre around research and development. So research and development work is a quaternary activity.

Option (3) Insurance providers — Incorrect. Insurance is one of the services under tertiary activities.

Option (4) Bank officers — Incorrect. Financial and banking services also come under the services of tertiary activities.