Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Which one of the following is the correct sequence in the decreasing order of contribution of different sources to the gross domestic product (GDP) in India.

Options:

Service- Industry-Agriculture

Service-Agriculture-Industry

Industry-Service-Agriculture

Agriculture-Industry-service

Correct Answer:

Service- Industry-Agriculture

Explanation:

The correct sequence in the decreasing order of contribution of different sources to the Gross Domestic Product (GDP) in India is: Service-Industry-Agriculture.

The sequence "Service-Industry-Agriculture" reflects the transition that many developing economies, including India, have experienced. In these economies, there has been a shift from agrarian-based economies to industrialization and, eventually, to a more prominent role for the service sector. This transition is often referred to as the structural transformation of the economy.