Question

Which of the following statements accurately describe the sectors of the Indian economy and related concepts?

1. The primary sector is characterized by activities that directly utilize natural resources and is often referred to as the agricultural sector.
2. The secondary sector, also known as the service sector, focuses on providing services rather than manufacturing goods.
3. The tertiary sector is responsible for manufacturing goods using raw materials from the primary sector.
4. Economic growth occurs when the primary, secondary, and tertiary sectors operate independently without any interrelation.

• A. i only
• B. iii, iv
• C. iv only
• D. All

Answer 1

Answer:

A. i only

SECTORS OF THE ECONOMY 

Primary Sector – Sector involving activities making direct use of natural resources. As agriculture form a major part, it is also called agricultural sector.

Secondary Sector – Activities that manufacture goods making use of the products of primary sector as the raw materials. Also called industrial sector.

Tertiary Sector – Collects and distributes products of primary and secondary sectors. Also called service sector.

Economic growth takes place when primary, secondary and tertiary sectors function as a whole.

• Central Statistical Office (CSO) has classified the economic activities included in each of the sectors as follows: