Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Employment - Growth, Informalisation and Other Issues

Question:

Which of the following sector majorly provides the newly created jobs in the economy?

Options:

Service sector

Manufacturing sector

Agriculture sector

None of the above

Correct Answer:

Service sector

Explanation:

As a source of employment, the service industry is overtaking the manufacturing sector. Trade, commerce, finance, insurance, health care, and other services are all included. These services are growing at a greater rate than manufacturing and related industries. This is due to the globalisation of economy.