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Which of the following sectors includes services such as education, healthcare and banking?

ASecondary sector

BTertiary sector

CQuaternary sector

DPrimary sector

Answer:

B. Tertiary sector

Read Explanation:

The sector that includes services like education, healthcare, and banking is the tertiary sector, also known as the service sector. The tertiary industry is the segment of the economy that provides services to its consumers, including a wide range of businesses such as financial institutions, schools, and restaurants. Sales, repair services, banking, and insurance are all part of the tertiary industry. This sector's activities help in the development of the primary and secondary sectors. This sector provides a huge quantity of skilled jobs and these jobs are called white-collar jobs.


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Which of the following are distinctive characteristics of the service sector compared to primary and secondary sectors?

  1. Production of intangible goods like advice, experience, and attention.

  2. Heavy reliance on human skill, interaction, and knowledge.

  3. Ability to be physically stored and transferred like tangible goods.

  4. Contribution to productivity and sustainability of other sectors.

Which of the following industries is NOT a part of the eight core industries in India?
വാണിജ്യം , ഇൻഷൂറൻസ് എന്നിവ ഏത് മേഖലയിൽ ഉൾപ്പെടുന്നു?

With reference to Kerala’s unique growth pattern, consider the following:

  1. Kerala followed the traditional structural growth model where industry boomed before services.

  2. In Kerala, the service sector leads growth, with industry lagging behind.

  3. Kerala’s growth is marked by a dual structure—simultaneously driving development and inequality.