Which of the following does NOT belong to quaternary activities? |
Software Developers Mutual Fund Managers Insurance Agents Tax Consultants |
Insurance Agents |
The correct answer is Option (3) → Insurance Agents Option 3: Insurance Agents. Not quaternary. They belong to the tertiary sector, as they provide direct services like selling and managing insurance policies rather than specialized knowledge-based activities. Quaternary activities involve some of the following: the collection, production and dissemination of information or even the production of information. Quaternary activities centre around research, development and may be seen as an advanced form of services involving specialised knowledge and technical skills. The Quaternary Sector along with the Tertiary Sector has replaced most of the primary and secondary employment as the basis for economic growth. Over half of all workers In developed economies are in the ‘Knowledge Sector’ and there has been a very high growth in demand for and consumption of information based services from mutual fund managers to tax consultants, software developers and statisticians. Personnel working in office buildings, elementary schools and university classrooms, hospitals and doctors’ offices, theatres, accounting and brokerage firms all belong to this category of services. |